What is happening with the lira

tarry67


Joined: 16/05/2008
Posts: 1053

Message Posted:
14/05/2010 10:53

The lira today in turkey is 2.21tl to the sterling so we will only get 2.19tl here. Wonder if the shops will reduce their prices now, not...........!!!!!! What is happening with the sterling its really crashing all over.

rigsby


Joined: 21/09/2007
Posts: 912

Message Posted:
14/05/2010 11:20

The rate in Stansted 2 weeks ago was 2.07 so i only got £10 worth.The rate was 2.27 when i got to Girne.

basheer



Joined: 22/12/2008
Posts: 949

Message Posted:
14/05/2010 11:32

is it better to bring sterling and change it in NC or here in the UK I fly out Mon thanks

tattlad


Joined: 13/12/2008
Posts: 479

Message Posted:
14/05/2010 11:34

It's not the Lira, it's the £ taking a nose dive, because of these clowns we've had in government for the last 13 years................

juliamoons



Joined: 14/05/2009
Posts: 849

Message Posted:
14/05/2010 11:34

Better to change it here in NC the rate is a lot better than UK

Stewart


Joined: 19/07/2008
Posts: 1107

Message Posted:
14/05/2010 11:42

it is great for all those who make money through exchange rates!.....what a great time to sell ytl and buy sterling.....if you have your money in a high interest ytl account and you got 2.4 or more when you opened the acc....you may make more by exchanging it back?

allycatthree


Joined: 22/04/2008
Posts: 86

Message Posted:
14/05/2010 11:51

The problem at the moment seems to be the sudden strength of the dollar V £ and euro. Or is it a problem?

michelle3012


Joined: 07/11/2008
Posts: 578

Message Posted:
14/05/2010 12:11

No the pounds getting stronger, well it is against the euro, the euro is taking a nose dive because of the Greek situation!

authentichoccie


Joined: 09/01/2008
Posts: 481

Message Posted:
14/05/2010 12:53

Good for me, I get paid in TL!!

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
14/05/2010 12:55

Stewart, What will you get if you change from lira to sterling ? Although its around 2.2 for a pound....if you sell your lira then you would probably would have to buy it at around 2.35...or not.

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
14/05/2010 13:39

I do not agree with Stewart about changing lira back to Sterling, but this was all discussed on another thread, Stewart can make his own decisions about this, but IMO he should refrain from giving advice to others.

Eager. The spread between buying & selling is nowhere near as high as you indicate. It is a maximum of 5 kurus with one bank, but for most banks here it is around 3 kurus.

Eg. Kibris Valkiflar. Buy 2.207. Sell 2.237. Kibris Turk Coop. Buy 2.212. Sell 2.243. Iktisat Bank. Buy 2.215. Sell 2.24. These are just 3 examples of today's rates, which are liable to instant change.

Every bank with branches in the TRNC, both Mainland Turkish Banks & Local Banks are listed on a page within the TRNC Central Bank website. Most have websites. The majority of these websites are now available in English & Turkish. Most show the current exchange rate on their home page. It is therefore very easy to check rates.

This is the link. http://www.kktcmb.trnc.net/ENGLISH/defaultENG.htm

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
14/05/2010 13:41

Just discovered that the link does not take you to the page in English. I always use the Turkish page which does.

However if you select "Banks" on the LH side, you will reach the page, listing all the Banks.

ang1706


Joined: 28/01/2009
Posts: 570

Message Posted:
14/05/2010 13:41

The reason why the pound has dived over past few days is due to the expanding gap in the trade deficit!

Yes well done Labour another deficit thats growing that you have left us with!!

Stewart


Joined: 19/07/2008
Posts: 1107

Message Posted:
14/05/2010 19:12

dear eager...the decision is yours of course...I bank vis the net with HSBC....the rate changes every 10 secs...you get what you see...and no..the spread is not that great perhaps 0.07....if you trade within banking hours...out of hours it is far far greater...to deter trading.



dear scruff..thankyou for allowing me to make my own decision..how kind and noble of you!

ps I am not advising others on what to do...simply stating what I am doing!

dublinderm


Joined: 26/09/2009
Posts: 538

Message Posted:
14/05/2010 20:04

Hi all,



Try this website it is very easy to follow the trends.



For your currency RED arrow = falling, BLACK arrow = no change, GREEN arrow = Climbing.



Today Sterling is only RED.



http://www.irishtimes.com/business/exchangerates.html



DD

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
14/05/2010 20:17

msg. 14

Yes you are. Ad Infinitum.

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
15/05/2010 00:32

Scruff msg 11...ok got it, Thanks





Stewart msg 14.....Thanks for the info.