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A three Lira pound next week

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dougskud



Joined: 04/04/2008
Posts: 356

Message Posted:
22/08/2011 17:09

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Message 1 of 16 in Discussion



We fly out on Monday looking forward to changing some sterling and getting 3 to the pound



regards all

Doug



Glasbury


Joined: 13/08/2010
Posts: 268

Message Posted:
22/08/2011 17:32

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Message 2 of 16 in Discussion

Good luck to you - hope you have a lovely stay and get your 3 to the pound



colly


Joined: 31/07/2008
Posts: 297

Message Posted:
22/08/2011 18:08

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Message 3 of 16 in Discussion

How are prices holding up? Petrol I know has gone up but what about food and drink?



keithr


Joined: 20/08/2008
Posts: 720

Message Posted:
22/08/2011 18:38

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Message 4 of 16 in Discussion

All up,but only the imported stuff that i've seen,which I don't buy,tomatoes have gone up and local cheeses seem more.



I don't think it will get to 3tl/,too much hot money on the world markets at the moment. Also,professional traders will be banking their gains before the autumn.



boerboel


Joined: 02/05/2009
Posts: 290

Message Posted:
22/08/2011 18:41

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Message 5 of 16 in Discussion

Paid 80kurus last week for ramazan bread - today Starlings is charging 2TL for same bread - so make your own mind up about prices



Boerboel



stellasstar1



Joined: 02/07/2008
Posts: 1519

Message Posted:
22/08/2011 20:42

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Message 6 of 16 in Discussion

Micky cat food has gone from 1.50 to 1.95, as have other brands, and though I don't buy dog food, I see that that has gone up as well.



bignobby


Joined: 13/01/2011
Posts: 46

Message Posted:
22/08/2011 21:12

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Message 7 of 16 in Discussion

so what is the rate today



Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
22/08/2011 21:17

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Message 8 of 16 in Discussion

Stella has it ever dog food I mean. So many price increases every time I go to Illeli. Its cheaper now to by my lot chicken livers and pasta.



rejela


Joined: 09/02/2011
Posts: 293

Message Posted:
22/08/2011 21:33

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Message 9 of 16 in Discussion

Nothing for nothing, Like the excess baggage!

When the rate rises and we get more lira to the pound, then the cost of living follows. Cypriots and expats like their UK produced foods, so the increase in Lira to the pound is offset by price hikes. If you are only staying for a few days or a week or two then it won't really be too much of a problem.

Have a nice stay whilst the rates are favorable.



JohnDownes


Joined: 03/12/2010
Posts: 123

Message Posted:
22/08/2011 21:40

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Message 10 of 16 in Discussion

Speaking as an importer of wines which I pay for in Euros, the last 8 months have been a nightmare.

All last year I paid around 2TL for each Euro I bought. Now it's around 2.60. There is no way a 30% price increase can be avoided, and that is before the suppliers have presented me with their annual increases.

What is ironic is that we are being told that the Turkish economy (to which we are closely tied) is doing well. But that's not what the exchange rate is telling us. To be doing worse than both the Euro and Sterling suggests that things aint so good.

Tough times ahead.



Troodo


Joined: 12/06/2008
Posts: 1002

Message Posted:
23/08/2011 09:30

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Message 11 of 16 in Discussion

The Turkish Central Bank is deliberately keeping the lira weak, just like China. Weak lira = higher exports and more jobs.



Kibris


Joined: 07/11/2007
Posts: 372

Message Posted:
23/08/2011 09:45

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Message 12 of 16 in Discussion

Message 10 - when the rate drops back to 2TL to the Euro will you drop your prices by 30%?



colly


Joined: 31/07/2008
Posts: 297

Message Posted:
23/08/2011 09:47

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Message 13 of 16 in Discussion

So long as Efes does not go up I am O.K.



TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
23/08/2011 09:51

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Message 14 of 16 in Discussion

msg 4,



3TL to the pound isn't likely a psychological barrier to either Turkey or the UK. There are more liable to be be trigger points of the TL to the Dollar or the Euro.



slatnumber7


Joined: 25/08/2010
Posts: 299

Message Posted:
23/08/2011 10:21

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Message 15 of 16 in Discussion

Msg 7 bignobby



I changed sterling yesterday at 2.94



JohnDownes


Joined: 03/12/2010
Posts: 123

Message Posted:
23/08/2011 14:35

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Message 16 of 16 in Discussion

Message 12. Yes of course. I'll have no choice in the matter, because it's a certainty that my competitors will take advantage.



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