North Cyprus Tourist Board - TRNC. Turkish Lira Sterling exchange rate
North Cyprus
North Cyprus > North Cyprus Forum > TRNC. Turkish Lira Sterling exchange rate

TRNC. Turkish Lira Sterling exchange rate

North Cyprus Forums Homepage

Join Cyprus44 Board | Already a member? Login

Popular Posts - List of popular topics discussed on our board.

You must be a member and logged in, to post replies and new topics.

» See All North Cyprus Banks Related Threads posted so far

» See North Cyprus Interest Rates



dougskud



Joined: 04/04/2008
Posts: 356

Message Posted:
15/07/2011 23:25

Join or Login to Reply
Message 1 of 57 in Discussion

Looking at the present rate it is 2.668 and has been creeping up over the last two weeks.



Will we see 2.7 before the end of July?



regards

Doug



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
19/07/2011 22:58

Join or Login to Reply
Message 2 of 57 in Discussion

hope not!!



zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
19/07/2011 23:18

Join or Login to Reply
Message 3 of 57 in Discussion

I changed from sterling 4 weeks ago when it hit 2.620,i thought it was going to drop a week or 2 later,now its on the rise again,i was told last week its going to hit 2.7 and then drop like a bag of spudz.



Heres hoping.



JohnW


Joined: 23/04/2009
Posts: 601

Message Posted:
19/07/2011 23:40

Join or Login to Reply
Message 4 of 57 in Discussion

http://www.xe.com/currencycharts/?from=GBP&to=TRY&view=10Y



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
19/07/2011 23:59

Join or Login to Reply
Message 5 of 57 in Discussion

Hope it does drop, but who told you?



how188


Joined: 10/07/2010
Posts: 158

Message Posted:
20/07/2011 10:08

Join or Login to Reply
Message 6 of 57 in Discussion

Sorry guys, why do we want it to drop like a stone?

Try living in the uk and coping with the Euro!!

Stability of exchange rates is the nivarna?



Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
20/07/2011 10:10

Join or Login to Reply
Message 7 of 57 in Discussion

Anyone know what the rate today at the exchange bureaus in town?



TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
20/07/2011 10:11

Join or Login to Reply
Message 8 of 57 in Discussion

http://www.monexcyprus.com/



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
20/07/2011 11:24

Join or Login to Reply
Message 9 of 57 in Discussion

Msg 6,

Anyone with money in the bank in Lira really need it to fall otherwise their money is getting less and less should it be converted back to Sterling



Whistler


Joined: 28/07/2008
Posts: 1332

Message Posted:
25/07/2011 10:09

Join or Login to Reply
Message 10 of 57 in Discussion

It`s now hit 2.8 !!!!!!

Zerochlor, keep us up to date please.



Goonerboy


Joined: 01/04/2009
Posts: 723

Message Posted:
25/07/2011 10:12

Join or Login to Reply
Message 11 of 57 in Discussion

More likely to see 3 rather then 2.7 or lower, short term anyway



JohnW


Joined: 23/04/2009
Posts: 601

Message Posted:
25/07/2011 10:20

Join or Login to Reply
Message 12 of 57 in Discussion

The technical traders who follow the charts would tell us that the price rise is likely to meat some resistance around 2.8.

http://www.xe.com/currencycharts/?from=GBP&to=TRY&view=5Y



Her is todays chart. The chartists would expect maybe three peaks here. If they are rising then onwards and upwards it is. Self fulfilling really.



http://www.xe.com/currencycharts/?from=GBP&to=TRY&view=12h



I am somewhat confused at the moment about which will be best over the next couple of months, Euro, Dollar or Sterling as they all seem to be heading for disaster. Any ideas anyone?



bondyboy


Joined: 15/05/2009
Posts: 67

Message Posted:
25/07/2011 10:31

Join or Login to Reply
Message 13 of 57 in Discussion

pulled out big loss .could go to 3 again



Goonerboy


Joined: 01/04/2009
Posts: 723

Message Posted:
25/07/2011 10:32

Join or Login to Reply
Message 14 of 57 in Discussion

Whilst the deficit remains as it is, and the bank refuses to raise rates, it's unlikely to meet much resistance.



As turkey is using the Dollar as the benchmark I'd see the Lira likely to go to 1.8 or even 1.9 short to medium term, which would push the lira around the 3 mark.



Geoff1131


Joined: 12/07/2007
Posts: 276

Message Posted:
25/07/2011 10:40

Join or Login to Reply
Message 15 of 57 in Discussion

If Congress does not agree to raise the national debt level by next week, the dollar could collapse and we could see the lira go above 3 to the pound.



gazmufc78


Joined: 03/09/2009
Posts: 366

Message Posted:
25/07/2011 11:27

Join or Login to Reply
Message 16 of 57 in Discussion

current exchange rate 2.775tl.



dougskud



Joined: 04/04/2008
Posts: 356

Message Posted:
25/07/2011 11:32

Join or Login to Reply
Message 17 of 57 in Discussion



Hi All it is now at 2.804



Interesting comments posted above logic would suggest there will be a resolution of the USA issue so I think a 3 lira rate is unlikely



doug



pc4854


Joined: 23/08/2009
Posts: 243

Message Posted:
25/07/2011 11:35

Join or Login to Reply
Message 18 of 57 in Discussion

What's the panic? What goes up usually comes down. In next to no time at all it will be 210 to the and everybody will be hoping it will rise. Just enjoy the rate if it suits you.



JohnW


Joined: 23/04/2009
Posts: 601

Message Posted:
25/07/2011 11:40

Join or Login to Reply
Message 19 of 57 in Discussion

TL/$ Chart : http://www.passion-trading.com/forex/forex-charts-try.html



Gold/$: http://www.passion-trading.com/forex/spot-gold-charts-xau.html



dougskud



Joined: 04/04/2008
Posts: 356

Message Posted:
25/07/2011 11:40

Join or Login to Reply
Message 20 of 57 in Discussion



Hi pc4854



Good advice, but if we can see a 2.9 rate now after an extended period of the lowest sterling interest rates in history, this time next year with the bank rate starting to increase as we attack inflation I can see the 2.8 to 3 becoming quite a stable exchange rate. That said your advice remains very sensible.



regards

Doug



Fawkes


Joined: 18/07/2011
Posts: 86

Message Posted:
25/07/2011 11:44

Join or Login to Reply
Message 21 of 57 in Discussion

2.78 today at karacum



madturk


Joined: 25/03/2009
Posts: 217

Message Posted:
25/07/2011 12:01

Join or Login to Reply
Message 22 of 57 in Discussion

So would you change 20k into lira and bank it at 8%



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
25/07/2011 12:11

Join or Login to Reply
Message 23 of 57 in Discussion

If you have bundles of Lira then you just have to sit it out,



bigOz


Joined: 29/09/2010
Posts: 1244

Message Posted:
25/07/2011 13:44

Join or Login to Reply
Message 24 of 57 in Discussion

As a counter measure, Central Bank of Turkey has stopped purchasing all foreign currency as from today as well as reducing interest rates on deposit accounts for foreign currencies by 1 to 2%

I just cannot see how a stronger dollar or Euro will help the related countries' sick economies!



rocky


Joined: 17/10/2007
Posts: 1749

Message Posted:
25/07/2011 14:58

Join or Login to Reply
Message 25 of 57 in Discussion

whats the panic theres not a lot anyone can do about exchange rates..they will continue to change...if you put all your pounds into lira for a higher rate that does indicate the pound is a stronger currency,,you cant get higher rates without risk you cant have it both ways. In the end it is the big financial institutions who are more likely to make money on buy sell speads and forward purchasing. Individuals who post on here like most other people dont have any answers to exchange rates OK occasionally you may guess correctly but more often you will get it wrong.



gazmufc78


Joined: 03/09/2009
Posts: 366

Message Posted:
25/07/2011 16:19

Join or Login to Reply
Message 26 of 57 in Discussion

Why has the money exchange web site gone down? Have they run out of Lira?



harita


Joined: 14/08/2008
Posts: 1343

Message Posted:
25/07/2011 17:13

Join or Login to Reply
Message 27 of 57 in Discussion

Not down .. 2.79 at the moment



geetee53


Joined: 11/01/2011
Posts: 42

Message Posted:
25/07/2011 18:17

Join or Login to Reply
Message 28 of 57 in Discussion

2.81 promoted on XE currency exchange



Navek



Joined: 01/06/2008
Posts: 2656

Message Posted:
26/07/2011 12:24

Join or Login to Reply
Message 29 of 57 in Discussion

1 buys 2.800 TL

2.830 TL buys 1 @ 12.25 26th July

http://www.monexcyprus.com/?cyprus44

Great for all the holiday makers

Navek



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
26/07/2011 13:09

Join or Login to Reply
Message 30 of 57 in Discussion

Not so good for those with Lira in the bank though, i would expect it to go down soon



Stonehousepub


Joined: 21/05/2009
Posts: 755

Message Posted:
26/07/2011 18:28

Join or Login to Reply
Message 31 of 57 in Discussion

Last time this happened many local banks went down... Lets hope the lira gains strength soon otherwise the TRNC could be in for a rough ride....



Fawkes


Joined: 18/07/2011
Posts: 86

Message Posted:
26/07/2011 18:42

Join or Login to Reply
Message 32 of 57 in Discussion

Stonehousepub Message 31 Not true it went 1pound =3 .20tl not to long ago and no banks failed



raidercruise


Joined: 07/06/2010
Posts: 237

Message Posted:
26/07/2011 20:06

Join or Login to Reply
Message 33 of 57 in Discussion

1 Pound = 2.83 TL



harita


Joined: 14/08/2008
Posts: 1343

Message Posted:
26/07/2011 20:16

Join or Login to Reply
Message 34 of 57 in Discussion



Fawkes .. Think you will find it was 3.02TL to the .. For 1 day only ..



JohnW


Joined: 23/04/2009
Posts: 601

Message Posted:
26/07/2011 20:53

Join or Login to Reply
Message 35 of 57 in Discussion

I seem to remember that it was briefly 3.10 Ytl to the late in 2006.



http://www.xe.com/currencycharts/?from=GBP&to=TRY&view=10



Stonehousepub


Joined: 21/05/2009
Posts: 755

Message Posted:
28/07/2011 14:35

Join or Login to Reply
Message 36 of 57 in Discussion

Fawkes



There are institutions that are already in trouble do to the Turkish Lira loosing so much value, if this trend continues for the next 3months as predicted, the broader picture could mean very serious problems for the TRNC banking system, large companies and the general public. Especially those who have very large loans in Dollar, Pound or Euro...



Let's hope the TL gains some value soon



Stonehousepub


Joined: 21/05/2009
Posts: 755

Message Posted:
28/07/2011 14:37

Join or Login to Reply
Message 37 of 57 in Discussion

1.00 gbp = 2.720 tl 14.38



nurseawful



Joined: 06/02/2009
Posts: 5934

Message Posted:
08/08/2011 14:37

Join or Login to Reply
Message 38 of 57 in Discussion

1 now worth 2.86tl



Chris



bondyboy


Joined: 15/05/2009
Posts: 67

Message Posted:
08/08/2011 14:42

Join or Login to Reply
Message 39 of 57 in Discussion

3 would be a good rate easy to work out



cyprusLulz


Joined: 01/08/2011
Posts: 113

Message Posted:
08/08/2011 15:10

Join or Login to Reply
Message 40 of 57 in Discussion

http://www.monexcyprus.com/ 2.84



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
08/08/2011 15:57

Join or Login to Reply
Message 41 of 57 in Discussion

Could be 3tl=1 by the end of the week



saucyboy69


Joined: 09/02/2008
Posts: 111

Message Posted:
08/08/2011 16:44

Join or Login to Reply
Message 42 of 57 in Discussion

Can anyone tell me what rate you are getting from the exchange places around Girne at present please.



Pete,



harita


Joined: 14/08/2008
Posts: 1343

Message Posted:
08/08/2011 17:04

Join or Login to Reply
Message 43 of 57 in Discussion



saucyboy69





http://www.monexcyprus.com/?cyprus44



cyprusairsoft



Joined: 22/06/2009
Posts: 2066

Message Posted:
08/08/2011 17:16

Join or Login to Reply
Message 44 of 57 in Discussion

ride it out it will go down when tourists have gone always does



bondyboy


Joined: 15/05/2009
Posts: 67

Message Posted:
08/08/2011 23:05

Join or Login to Reply
Message 45 of 57 in Discussion

tl just spiked at 2.92 then came down a bit the rand just lost 3%



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
08/08/2011 23:59

Join or Login to Reply
Message 46 of 57 in Discussion

Could hit the big 3 tomorrow



bondyboy


Joined: 15/05/2009
Posts: 67

Message Posted:
09/08/2011 00:02

Join or Login to Reply
Message 47 of 57 in Discussion

3 would be good



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
09/08/2011 00:07

Join or Login to Reply
Message 48 of 57 in Discussion

Would be a disaster for people who have their money in lira, which i would think is most....lost 25% in the last few months, will have to ride it out and wait for the fall



nurseawful



Joined: 06/02/2009
Posts: 5934

Message Posted:
09/08/2011 08:02

Join or Login to Reply
Message 49 of 57 in Discussion

Just checked and now at 2.93tl to



Chris



MrsSnakes



Joined: 19/12/2008
Posts: 1100

Message Posted:
09/08/2011 08:04

Join or Login to Reply
Message 50 of 57 in Discussion

Nurse...2.83 on doviz?



bondyboy


Joined: 15/05/2009
Posts: 67

Message Posted:
09/08/2011 09:56

Join or Login to Reply
Message 51 of 57 in Discussion

hit 2.98 then droped back 2.89



blade


Joined: 19/06/2010
Posts: 1286

Message Posted:
09/08/2011 10:00

Join or Login to Reply
Message 52 of 57 in Discussion

Chris is right was shown 2.93 first thing this morning.



bigOz


Joined: 29/09/2010
Posts: 1244

Message Posted:
09/08/2011 13:11

Join or Login to Reply
Message 53 of 57 in Discussion

If I had pound sterlings stached away I would exchange them all foır the Turkish lira and put them in a deposit account! The Dollar, Euro and Sterling are all overvalued and serve no purpose to the already downhill economies of Europe and USA. On the contrary, it would reduce the demand for their products (i.e. due to cost). I feel this is a game played by some very wealthy organisations and influential people because they have vast sums of Dollar, Eorus and Sterling they are stuck with. What a better way to change their money into more secure currencies and earn more at the same time.

All these currencies are bound to come down to their original levels. CLUE; Just look at how all three major currencies have gained value in coherence! None of them really losing anything against each other. Is it possible their economies have identical performances? I do not think so somehow!



blade


Joined: 19/06/2010
Posts: 1286

Message Posted:
09/08/2011 15:02

Join or Login to Reply
Message 54 of 57 in Discussion

Big oz,

Thats what people did the last time and thats why there money they put into TL is now worth overall less.

Someone did tell me that one of the asian nations had a lot of TL they wanted to cash in. Maybe thats why Turkey has let this happen?, so they won't cash it back in right now.



The Turkish markets have also been falling all week.



Speaking with a bank manager of a Turkish bank last week, she was saying they weren't making mortages easy anymore, basically because people were failing to pay there way. They now have more kochans and missing non payers than ever before, they are reluctant to lend.



dan3006


Joined: 16/04/2010
Posts: 89

Message Posted:
10/08/2011 07:23

Join or Login to Reply
Message 55 of 57 in Discussion

is this 2.93 the actual rate you are getting at the moment when you chang money? and if yes then where? and is it open on sunday as i am arriving late on saturday night and dont want to change money in the uk as we are only getting 2.65. i know i can pay my taxi driver in sterling but i will need TL on sunday for shopping and the like



nurseawful



Joined: 06/02/2009
Posts: 5934

Message Posted:
10/08/2011 07:38

Join or Login to Reply
Message 56 of 57 in Discussion

http://www.xe.com/ucc/convert/?Amount=1&From=GBP&To=TRY



Dropped back down this morning unfortunately.



Dan not sure if money exchanges open on a Sunday so might be an idea to bring some TL with you, on the other hand all lot of the supermarkets will take sterling.



Chris



TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
10/08/2011 09:29

Join or Login to Reply
Message 57 of 57 in Discussion

I don't know a supermarket that doesn't. Rate not brilliant though.



North Cyprus Forums Homepage

Join Cyprus44 Forums | Already a member? Login

You must be a member and logged in, to post replies and new topics.