TL 2.413 to the pound and rising

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
21/05/2009 10:50

and interest rates dropping.



who is offering the best rates at the moment

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
21/05/2009 11:47

Lets hope it continues rising.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
21/05/2009 12:04

Don't change yet. The Pound will continue to strengthen over the coming months.

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
21/05/2009 12:38

No1.....Any reason for this ?

Naas26


Joined: 23/04/2007
Posts: 128

Message Posted:
21/05/2009 12:43

Problems in the Eurozone is what is been predicted. I have received forecast that sterling will hit 1.27 to Euro by the end of September. These forecast have changed on a regular basis so you cant bank on them being right. As all the best ads say 'terms and conditions apply'

Whistler


Joined: 28/07/2008
Posts: 1332

Message Posted:
21/05/2009 12:51

now 240.130

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
21/05/2009 12:56

2.391



and im still stuck in pounds,as maybe many of us are.

dozza67


Joined: 11/07/2008
Posts: 607

Message Posted:
21/05/2009 14:03

Yep, us too. The trick is to change at the right time - anyone got a crystal ball?

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
21/05/2009 14:10

eager. I feel that out of all the European economies the UK is the strongest. Furthermore I feel that the UK will be the first country to 'rise' out of the recession the world is suffering at the moment. The £ is getting stronger now against both the $ and the Euro. I haven't got a crystal ball but I think you'll see a major turn-around in the UK economy in the first quarter of next year. If I'm wrong you can buy me a drink.

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
21/05/2009 14:43

Hope it goes past 2.5 in the summer

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
21/05/2009 15:00

Should be over 3Tl-£ but the Turkish Central Bank keeps intervening to prop up the Lira hence the IMF problems in giving a further loan.



Richard

Sideways



Joined: 21/01/2009
Posts: 529

Message Posted:
21/05/2009 15:50

My money's in TL, so keep it around 2.20!!!!!!

Jimmyboy63


Joined: 16/03/2009
Posts: 400

Message Posted:
21/05/2009 16:07

I would be worried if i was holding all my money in TL as i can see it going over the 3TL to £ as Turkey are just proping up the TL thru IMF loan's.



This will not last forever and when the TL slides it will be fast....this is why you can get + - 20% interest with banks in NC when you change your pound's to TL......i know for the last 3 yrs it has fluctuated between 2,2 and 2,7 and good luck to anyone who has made money over the last 3 yrs but be aware the TL is only going one way!!!

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
21/05/2009 16:25

Jimmyboy63........very interesting post, When do you see exchange rates rising ?

Jimmyboy63


Joined: 16/03/2009
Posts: 400

Message Posted:
21/05/2009 17:09

i wish i knew the answer to that question.... but what i do know is sterling will become stronger and it just depend's on how long the Turkish bank can continue to borrow large amount's of money from the IMF to prop up the TL



Ask yourself the question: Why do the bank's give you a return of + - 20% on TL????



Answer: Because they consider it high risk.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
21/05/2009 17:59

2.417 TL to the £ as im writing.



its moving

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
21/05/2009 18:25

It is worth remembering that if you are changing your money through the bank(s) you will not get the same rate as that advertised on XE.com. For example, XE currently showing £ - TL at 2.42 whereas rate at Creditwest is 2.37. I have noticed that normally the bank will pay an exchange rate that is approx 0.04 TL less than the rate on XE. If going TL - £, bank rate will normally be approx 0.02 TL less than XE. Afraid I can't comment on what the other banks pay as most of my dosh is with Creditwest.

Regards

Paul

natalie


Joined: 03/05/2009
Posts: 323

Message Posted:
21/05/2009 19:11

Right now 2.43!!!

Navek



Joined: 01/06/2008
Posts: 2656

Message Posted:
22/05/2009 21:16

Up again, 1.00 GBP = 2.4664 TRY @ 21.15 TRNC

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
22/05/2009 22:23

2.463. down a tad.

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
22/05/2009 22:29

2.54.... two months ago

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
22/05/2009 22:36

Message 21



well eager. i hope u cashed ur chips 2 months ago.cos its gonna be along time b4 u see 2.54 again!

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
22/05/2009 22:41

No1

Ref message 9

The hiccup in all of this is rising unemployment and all of the time it is rising then the recession will continue and I see it getting worse rather than better. Worst ever loss for BA just posted and you can bet your bottom dollar they will be laying off a lot of staff soon with a lot of other major businesses still to follow.

AJ

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
22/05/2009 22:45

zerochlor, Bought in at 2 7... Nov 08...........sold at 2.32 a few weeks ago, in between earned decent interest. Now waiting for the rise.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
22/05/2009 22:50

Message 23



i tend to agree with what you say.



ive read somwere that england will be the first country to come out of this recession.



maybe true. but in the next 5 years maybe.



i truly think it will be 5 to 8 years before everything levels out.



more problems ahead when the banks interest rates have to be put up again.



All this money the goverment are throwing around has to be repaid some way and in the future.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
22/05/2009 22:59

Message 24



eager.



seems alot of people are stuck in sterling.



its done my head in to be honest.



keep playing and getting a few points.



but unless ur playing with millions its not really worth it . i mean a few points here and there.



albeit. a little is better than nothing i suppose

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
22/05/2009 22:59

Think Britain will be slow to come out of this recession, has borrowed up to the hilt, the near future is higher interest rates, higher taxes, and a reduction in public spending. Green shoots maybe in 4/5 years.

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
22/05/2009 23:12

zerochlor, Not playing for millions but a few hundred k, decided to take a punt and take advantage of what is on offer, buy 2.7....sell 2.3 x a decent amount + interest and it adds up. Not gloating just facts, rather than leaving it in uk @ 1 - 2%

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
22/05/2009 23:17

Message 28





ur right....i was merly saying .a few points...0.1s and 0.2s i was saying unless ur playing with millions u make nothing.



4 TL on a couple of hundred k is damm fine

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
22/05/2009 23:23

On 3 hundred its even better !! nice talking to you.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
22/05/2009 23:27

zerochlor

Message 25

I have always maintained that it will be a minimum of 3 years/maximum of 5 for the UK to fully recover from the recession but the more I look at it then 5 years seems more likely. The main indicators are unemployment and home repossessions. When these figures bottom out then there will be another 3 years before things start to get back to normal. There will always be 'blips' in all indicators during a recession but these should be ignored and people should look at long term trends. Ignore all of the talk of 'green shoot revival' as these are the blips that everyone likes to talk up but ultimately do not bear any credence.

AJ

Tootie


Joined: 28/08/2008
Posts: 2037

Message Posted:
23/05/2009 05:18

AJ you say max 5 yrs to recover?



Come on lets face up UK is a total loss.



Join the EU now its got to happen some day.



Oh but then the "queen head on the bank note" it cant happen can it??



Its all about them.



MP's taking the piss, What about the "Royal family" ??



What they all claiming for at the tax payers exspence i wonder?



Its all shite!



When they gonna say anything about this corruption???



GRRR!!!





tootie

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
25/05/2009 15:32

YESSS.



pound is getting stronger



0.88 pound to euro

Woodspeckie


Joined: 25/01/2009
Posts: 2263

Message Posted:
25/05/2009 18:13

We dont want the Euro thanks, look whats happened nobody can afford holidays in Europe any more, ROC and other countries complaining about tourism being down and blaming the Euro.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
25/05/2009 18:32

Message 34



thats good woodspeckie, then instead of going on holiday to a euro money country they can all come to turkey or TRNC and have a value for money vacation!

Woodspeckie


Joined: 25/01/2009
Posts: 2263

Message Posted:
25/05/2009 18:49

Mess. 35 - good idea. I am going to Turkey in June, TRNC in Sept. and Dec/Jan. I reckon I get good value holidays as we object to using the Euro rip off.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
26/05/2009 09:06

ohh.its creeping up again



2.445

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
26/05/2009 19:11

2.477 TL



my finger is twitching over the HSBC online banking button.



should i change up or stay stuck in pounds?



im told it might drop to 2.20 as summer is here?



any help out there?

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
27/05/2009 14:06

2.499 ohhhhh

Navek



Joined: 01/06/2008
Posts: 2656

Message Posted:
27/05/2009 14:10

1.00 GBP = 2.5044 TRY @ 14.10

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
27/05/2009 14:16

my finger still on the button!!

Cyprusraider


Joined: 08/04/2009
Posts: 99

Message Posted:
27/05/2009 14:21

Is Bank are selling at 2.4965 14.21

Cyprusraider


Joined: 08/04/2009
Posts: 99

Message Posted:
27/05/2009 14:22

WRONG



BUYING at 2,4965

sloan



Joined: 24/02/2009
Posts: 808

Message Posted:
27/05/2009 14:25

Husband glued to rates on TV and moaning that he cannot get to Girne's HSBC which is still holding far too much of our sterling at next to nothing!

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
27/05/2009 14:28

i wonder if it will go into decline as we hit the 1st of june?

BillBarnacle


Joined: 20/04/2009
Posts: 167

Message Posted:
27/05/2009 14:32

Any financial experts out there prepared to say how far the TL will slide and when it may begin to go the other way

sloan



Joined: 24/02/2009
Posts: 808

Message Posted:
27/05/2009 14:32

I expect it will plummet as we get there towards the end of July. But never mind, soon we will be there for long stretches and I will let husband have a little play with exchanging from st to TL. Will probably be sitting with a begging bowl on Girne High Street by Christmas.

Trudy


Joined: 25/05/2009
Posts: 369

Message Posted:
27/05/2009 14:37

Where are people changing their money? My nana is coming on Sunday and want to obviously take her to the place that does the best rate. Also why is it that XE always say the rate is higher than what Kibris Gazette says? I never know which one is right and which is wrong

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
27/05/2009 15:10

Has been too low for a while now. 2 months ago it was 2.54, would expect it to go above that very shortly as the £ strengthens.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
27/05/2009 15:54

i think if it hits 2.54 soon im gonna take the chance and change from stg

Trudy


Joined: 25/05/2009
Posts: 369

Message Posted:
27/05/2009 15:56

well on XE its already 2.50

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
27/05/2009 16:00

zero, Hold your nerve, remember my last post to you ?

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
27/05/2009 17:33

Message 51



trudy..



XE is good but we dont get XE rates.

Trudy


Joined: 25/05/2009
Posts: 369

Message Posted:
27/05/2009 19:58

Ahh, why is that? Wish we did because they are always the highest!

sherazchef


Joined: 09/04/2009
Posts: 33

Message Posted:
28/05/2009 02:16

continental bank about 22 percent

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
28/05/2009 02:20

Message 55



are you sure?



or is that if all the pakistani restaurants bank all there money from all the restaurants in the same bank!!?



im moving my money tomorrow if ur correct... can i get ur commission from them for moving if i mention ur name!!?

Geejay


Joined: 18/04/2009
Posts: 475

Message Posted:
28/05/2009 08:11

A word of caution. High savings rates may = Higher risk. You pay your money and take your choice.



The rates of exchange that I have seen quoted here are probably Interbank or Spot Rates.



They are not what you will get for your Pound. Also this rate may be for you to buy sterling not Lira.



Try Oanda for rates as you can choose variables on margins and currencies.

keithr


Joined: 20/08/2008
Posts: 720

Message Posted:
28/05/2009 08:59

Creditwest selling tl @ 2.46 this morning.

Trudy


Joined: 25/05/2009
Posts: 369

Message Posted:
28/05/2009 09:31

Good to know thank you. Where is Creditwest? Is there one in town?

Navek



Joined: 01/06/2008
Posts: 2656

Message Posted:
28/05/2009 11:16

1.00 GBP = 2.5000 TRY @ 11.16 TRNC

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
28/05/2009 11:40

Personally i think the pound will strengthen a bit more yet, gonna wait a while.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
28/05/2009 12:18

Message 61



you hanging in there eager?



do you play poker?

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
28/05/2009 13:57

Zero, In no hurry, see no need to rush in at the moment.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
05/06/2009 16:00

well it hit 2.51. seems were in decline again, 2.473. i think thats the last time it will hit 2.5 this summer!

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
05/06/2009 16:02

Down because of political uncertainty in uk, at the moment.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
05/06/2009 16:08

Message 65



eager.. u keeping a close watch on this i think?

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
05/06/2009 17:33

Every day, it makes up some of my income...............

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
23/06/2009 01:29

Just for you Nataless





2.586



at 01.28am

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
23/06/2009 09:25

2.580



will we get 2.6 by the end of this month?