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biker-babe


Joined: 30/12/2008
Posts: 75

Message Posted:
16/01/2009 10:29

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Message 1 of 10 in Discussion

Could anyone advise me when they think the exchange rate will improve, as i have some sterling that i need to convert to TL.



Was quoted 2.38 this morning, whic is dismal compared to what a friend got last year (2.65 as i recall).



Any ideas ?



Suzie



authentichoccie


Joined: 09/01/2008
Posts: 481

Message Posted:
16/01/2009 10:44

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Message 2 of 10 in Discussion

Suzie 2.38 is pretty good at the moment! and probably the highest its been nearly all week!

The rate has been up and down lately, it depends how desperate you are to change your money. You could wait and then find it goes down, or indeed up!



Sorry not much help but I think the days of 2.65 are long gone!!



cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
16/01/2009 11:02

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Message 3 of 10 in Discussion

Wish we had a crystal ball on that one.



In the last 6 months the rate has been between 2.10 and 2.75 (approx) and is varying daily as much as 0.10tl



It will depend on why you need the money. I changed some other day just to get it from poor UK interest to invest here. Obviously lost in short term fluctuations but having done the maths would still be in good credit state for a considerable time.



If needing to pay for something you just got to change and not worry about what happens to the rate afterwards thinking "if only"!



breezyboy


Joined: 14/05/2007
Posts: 1179

Message Posted:
16/01/2009 14:07

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Message 4 of 10 in Discussion

Suggest putting it into Sterling account and transferring just what you need for now and watching the rate daily. Streling is undervalued at the moment according to some of the guys who know so I would think 2.45-2.48 may be not far away. No guarantees, some city suits tell porkies !



fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
16/01/2009 17:18

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Message 5 of 10 in Discussion

we have noticed if you change money on monday, friday or saturday the rate is usually worse than on the other days of the week.



mikelapta



Joined: 20/11/2008
Posts: 2186

Message Posted:
16/01/2009 17:53

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Message 6 of 10 in Discussion

Ah I remember the days,18,000tl to the pound!!!Wheelbarrow under the hole in the wall...rich,very rich being a Brit



keithr


Joined: 20/08/2008
Posts: 720

Message Posted:
16/01/2009 18:36

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Message 7 of 10 in Discussion

Turkey reduced base rate to 13.00%,so the TRNC banks may follow suit. YTL on the up on the wholesale markets now.2.39 at the last look.



The-Wicks


Joined: 27/05/2007
Posts: 2279

Message Posted:
16/01/2009 20:13

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Message 8 of 10 in Discussion

Mike message 6 - ah - the good old days, I remember them well. Remember when you could change up 50 and it would last 2 of you about 4 days?



J



johnboy


Joined: 19/05/2008
Posts: 170

Message Posted:
16/01/2009 23:10

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Message 9 of 10 in Discussion

got this off xe.com





Turkey New Lira United Kingdom Pounds

1 TRY = 0.415741 GBP 1 GBP = 2.40535 TRY



fourplusone


Joined: 04/11/2007
Posts: 130

Message Posted:
16/01/2009 23:44

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Message 10 of 10 in Discussion

The chart looks very positive, 2.60 the next hurdle IMHO



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