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Turkish lira seems to be sliding?

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padisha


Joined: 09/07/2011
Posts: 131

Message Posted:
19/03/2012 17:24

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Message 1 of 16 in Discussion

is there a reason for this..........both pound and, surprisingly, euro gaining in value........any ideas



islandgirl


Joined: 12/09/2009
Posts: 302

Message Posted:
19/03/2012 17:32

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Message 2 of 16 in Discussion

At least it helps offset the fuel increases ! Imports will be dearer though!



yenibob


Joined: 13/10/2010
Posts: 1203

Message Posted:
19/03/2012 17:34

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Message 3 of 16 in Discussion

It's the getting a tad stronger..........god bless it.



padisha


Joined: 09/07/2011
Posts: 131

Message Posted:
19/03/2012 17:46

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Message 4 of 16 in Discussion

yenibob.....how does this help the euaro?



pjnxi



Joined: 12/02/2009
Posts: 167

Message Posted:
19/03/2012 18:16

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Message 5 of 16 in Discussion

2.8745 @ 16.16 pm



slatnumber7


Joined: 25/08/2010
Posts: 299

Message Posted:
19/03/2012 18:31

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Message 6 of 16 in Discussion

Pensions paid in Sterling hurrah!!



Joe Soap


Joined: 17/10/2008
Posts: 170

Message Posted:
19/03/2012 18:35

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Message 7 of 16 in Discussion

Just a reminder that Message 1 asked



is there a reason for this..........both pound and, surprisingly, euro gaining in value........any ideas



Reply awaited



thedoghouse


Joined: 22/12/2011
Posts: 81

Message Posted:
19/03/2012 20:17

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Message 8 of 16 in Discussion

what way are you looking at it the fact 100 stg get you 280 tl and more ?????

and what exchange s are you looking at ????

my question is why is the tl so week at the moment and has stayed week for a bit now ??



this is what i think i think the tl is week because the rate ov borrowing is less now and the banks are lending money easy at this rate of 280 plus tl to the pound

because the tl will get stronger sooner or later it has never stayed at the rates it is at now.

just think you lend 100 000stg at this rate , that would be about 280 000 tl round about

then it drops to 240 with interest without the interest 40 000 tl up x that by 11%

so gess it is just a waiting game now wait for it to drop and see how negative equity hits and who???????



yenibob


Joined: 13/10/2010
Posts: 1203

Message Posted:
19/03/2012 20:47

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Message 9 of 16 in Discussion

Joe, perhaps theTL is weakening against all major currencies (have you checked?). As mentioned by someone else, I am paid in s so "quids in" at these rates. I also like to shop in South, so bit of a bonus all round really!



Enjoy, and invest accordingly, for as long as it is in our (my) favour



Ed1957


Joined: 03/09/2011
Posts: 377

Message Posted:
19/03/2012 20:47

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Message 10 of 16 in Discussion

I guess it's getting weaker by the week



martinD41


Joined: 06/09/2010
Posts: 3001

Message Posted:
19/03/2012 20:50

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Message 11 of 16 in Discussion

Time to transfer another 100K....



Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
19/03/2012 21:30

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Message 12 of 16 in Discussion

Msg 7

rising on speculation of budget, money market reacting accordingly but will probably fall back after speech. strength beyond my comprehension as the Greek financial dilemma will be in the same predicament within the year! TL falling as there is a strong possibility of Military intervention into Syria.



Richard



tomsteel


Joined: 22/06/2009
Posts: 482

Message Posted:
19/03/2012 22:39

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Message 13 of 16 in Discussion

Weakened by the strength of the time period of weeks I guess? Turkish Government is well versed in manipulating their currency to their best advantage.



Joe Soap


Joined: 17/10/2008
Posts: 170

Message Posted:
20/03/2012 07:51

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Message 14 of 16 in Discussion

Many thanks Richard re your comments about the TL rate.



Do agree your comments about the Euro.



waddo


Joined: 29/11/2008
Posts: 1966

Message Posted:
20/03/2012 08:27

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Message 15 of 16 in Discussion

martin, do you need my bank details to transfer that extra 100K to me???????????? Got to have hope in this life - lol.



Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
20/03/2012 12:45

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Message 16 of 16 in Discussion

It's ok for those who get paid in Sterling. The poor guys who have to rely on only TL for their income, or exchanged everything when they first came to TRNC, will lose out.



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