TRNC-1 pound is 2.94 TL!-North Cyprus is a heaven at the moment

bookworm


Joined: 10/07/2010
Posts: 340

Message Posted:
10/08/2011 11:57

1 euro=2.50 TL!



1 US dollar=1.76 TL!

bookworm


Joined: 10/07/2010
Posts: 340

Message Posted:
10/08/2011 11:58

Sorry.

For the holiday makers ,off course

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
10/08/2011 12:00

How far off course should they be?

bookworm


Joined: 10/07/2010
Posts: 340

Message Posted:
10/08/2011 12:03

3.0 TL is the expected target.If Turkey commits any madness towards Syria,I can see the pound being 4 or 5 TL!

andrew4232



Joined: 04/07/2009
Posts: 1543

Message Posted:
10/08/2011 12:25

its not the £ its lira the Turkish government are allowing it to drop for 2 reasons one to help exports and secondly to slow down imports ie imported foods and luxury items which will start and cost more as they will be bought in another currency not lira

MrsSnakes



Joined: 19/12/2008
Posts: 1100

Message Posted:
10/08/2011 12:44

Heading is misleading!!!!!!!!!!! Doviz 2.81tl = £1.00

Geejay


Joined: 18/04/2009
Posts: 475

Message Posted:
10/08/2011 13:13

Since exchange rates continually change you have to be lucky in getting to a Doviz at the optimum time. The Doviz will change rates probably several times an hour to obtain it's margin (profit).

One will never obtain the exchange rate published by the financial institutions on the net.



Currently the the exchange rate for Tl is decreasing versus the £ and looks likely now to fluctuate between 2.70 to 2.90 against the £ for a while. This is my guess because no-one actually knows any different not even the "experts". The probability for a return to near Tl 3.00 to £ is most unlikely !

bookworm


Joined: 10/07/2010
Posts: 340

Message Posted:
10/08/2011 13:20

Just came down to 2.90 but certainly not 2.81.

Mislead by someone?

Beware! It can be in some markets or restaurants.





You can make money on that.Buy it from 2.81 and sell it for 2.90 .

9 kuruş on each pound.

0.90tl on ten pounds.

9 tl on 100 pounds.

90 tl on 1000 pounds

900 tl on 10000 pounds! Sounds nice, eh?

900 TL is almost 300 pounds.

I call it quick money...

mikelapta



Joined: 20/11/2008
Posts: 2186

Message Posted:
10/08/2011 13:39

And I've been having to buy US dollars for several days...a nightmare

Geejay


Joined: 18/04/2009
Posts: 475

Message Posted:
10/08/2011 14:04

Andrew 4232. On the contrary. The Turkish Central Bank has decreased interest rates to avoid further depreciation of the Lira....."Cyprus Today".

Current interbank rate now Tl 2.847 to £. Of course you won't get that at a Doviz. More probably circa Tl2.82. http://www.bbc.co.uk/news/business/market_data/currency/11/11679/default.stm

andrew4232



Joined: 04/07/2009
Posts: 1543

Message Posted:
10/08/2011 14:09

mess# 10 i was reading the story in one of the Turkish press English versions amazing how quickly things change !

ruggy


Joined: 02/05/2009
Posts: 757

Message Posted:
10/08/2011 14:12

Bookworm, where are you getting those prices from, ? as it is 2.83 on Bloomburg as i write. It was 2.93 on Bloomberg yesterday, which is normally between 1 and 2 points less at the Dovis shops, i got 2.89 yesterday when it was showing 2.905.



As it for it ever getting to 4 or 5 , please behave.!!

bookworm


Joined: 10/07/2010
Posts: 340

Message Posted:
10/08/2011 14:23

All local TV channels in North Cyprus have these rates on their screens.



Why would I lie anyway?







Bloomberg doesn't cover all the things happening around.

ruggy


Joined: 02/05/2009
Posts: 757

Message Posted:
10/08/2011 14:37

Bloomburg is on Didi-turk channel 30, its the Turkish Bloomburg and covers all world currencies inc ours, have a look at the top of the page in the middle of the screen and it does the dollar stg euro etc, all linked to the lire.



What tv channel you on ? id like to look, im not saying ya fibbing. But i think Bloomberg will be nearer the mark.

bookworm


Joined: 10/07/2010
Posts: 340

Message Posted:
10/08/2011 15:11

Kanal T

Genç TV

Kıbrıslı TV

SIM TV

Kıbrıs TV

ADA TV

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
10/08/2011 15:18

Will settle down soon and then drop

girnegeeza


Joined: 17/05/2010
Posts: 136

Message Posted:
10/08/2011 16:15

Message 8 Bookworm.



You can make money on that.Buy it from 2.81 and sell it for 2.90 .



9 kuruş on each pound.



0.90tl on ten pounds.



9 tl on 100 pounds.



90 tl on 1000 pounds



900 tl on 10000 pounds! Sounds nice, eh?



900 TL is almost 300 pounds.



I call it quick money...



Your quick money figures are interesting, but surely if you buy for 2.81 and sell for 2.90 you are losing.



Should it not be the other way round, ie buy high, sell low?

bookworm


Joined: 10/07/2010
Posts: 340

Message Posted:
10/08/2011 16:32

You earn only if you start the process by buying the pound.



If you start with buying TL off course you loose...

The way I am saying is this :



Give 2.81 TL and buy one pound.



Sell one pound and get 2.90The difference is 0.09 TL=9 kuruş



Remember 1 TL= 100 kurush

MarkVPiazza


Joined: 14/08/2008
Posts: 530

Message Posted:
10/08/2011 16:45

I thought you should always buy at 2.5 to the pound then sell and make a profic by changing back when the rate went back to 2.2 ?

girnegeeza


Joined: 17/05/2010
Posts: 136

Message Posted:
10/08/2011 17:00

OK Bookworm I see what you mean.



I am looking at it from the view point of starting with Sterling then buying TL.

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
10/08/2011 18:53

Just wait for restaurants to start advertising their menus in £ & €!



Richard