exchange rate

spud1


Joined: 22/05/2007
Posts: 544

Message Posted:
06/08/2008 13:26

what is the exchange rate today

littlenige



Joined: 24/12/2006
Posts: 3594

Message Posted:
06/08/2008 13:28

2.27 ytl £1

suntanman



Joined: 18/04/2007
Posts: 721

Message Posted:
06/08/2008 13:28

I bought some YTL yesterday from Thomas Cook.



1.94 to the pound!!!!



I think I was robbed

beach resort


Joined: 15/03/2008
Posts: 25

Message Posted:
06/08/2008 13:31

up the baggies

ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
06/08/2008 13:42

http://www.advfn.com/p.php?pid=forexqkchart&btn=updatecharts&elists=1%7C3%7C7&elists=1%7C3%7C7&email=Enter+Your+Email+Address+Here&curcode1=GBP&curcode2=TRY&updatecharts=GET+QUOTE&symbol=FX%5EGBPEUR





We were last there in May getting dizzy heights of 2.6+!



rob

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
06/08/2008 13:57

I will repeat the warnings given on this and every other BB - DO NOT buy ytl in the UK. You always get a better rate here.



As for asking todays rate. Waste of time really, in my opinion cos in line with the uncertainty in all markets ytl is varying by up to 0.20 over last 10 days.



The rate nigel has observed of 2.27, where!!!! Mid week last it was 2.37.

ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
06/08/2008 14:02

cih



If you click on the above link you will see the rate has dropped quite quickly over the last week or so.



Though it's up a bit today!

not2sure


Joined: 15/07/2008
Posts: 79

Message Posted:
06/08/2008 14:40

Just got 2.23 from turk Bank

lovingcyprus


Joined: 02/03/2007
Posts: 1272

Message Posted:
06/08/2008 14:54

There really is no point changing sterling into YTL in the UK when virtually everywhere in the TRNC will take sterling.



There are now many banks and exchange places in the TRNC where you can change your money.

simma



Joined: 03/02/2008
Posts: 346

Message Posted:
06/08/2008 14:57

hi guys, it's strong at the moment because of a high court ruleing in favour of the political party in charge in turkey. even though they have been penalised at least they aren't getting kicked out which is more like a european government than before. if you know what i mean. i bought furniture in march and got 2.63.

john.

lovingcyprus


Joined: 02/03/2007
Posts: 1272

Message Posted:
06/08/2008 15:02

In Turkey their interest rates have been increased twice in the last 5-6 weeks, this is one reason why the YTL has got stronger

ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
06/08/2008 15:02

I agree with CIH



DO NOT buy ytl in the UK, not even at Airports.



We always take good old fashioned 'folding' Sterling with us, split between pockets and bags.



A short walk around the numerous Bureau in Girne will get you the best rates. None of these bureau have ever asked us for identification or a passport when changing £500 or £1k. Not that we have anything to hide of course!





DO NOT change Sterling in Hotels and try to avoid using it when shopping/eating/buying petrol etc. As wonderfully hospitable as the TC's are, they are still business people, and after a nice meal and some drinks, I bet you will never remember what rate they gave you for Sterling!





rob

tarry67


Joined: 16/05/2008
Posts: 1053

Message Posted:
06/08/2008 15:28

It may be 2.27 in Turkey but always a lower rate here to the pound, so today it is 2.25 in the trnc. Most exchanges take the rate in the morning and leave it for the day. The exchange in Alsancak changes his rates as and when during the day.

simma



Joined: 03/02/2008
Posts: 346

Message Posted:
06/08/2008 15:50

loving cyprus what has the interest rate been increased to in turkey?

john

lovingcyprus


Joined: 02/03/2007
Posts: 1272

Message Posted:
06/08/2008 17:44

John



The interest rate set by the Central Bank of the Republic of Turkey is 16.75%

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
06/08/2008 17:48

The base rate paid by banks in TRNC is less than in Turkey because there are differing tax regimes etc.



So what you see quoted for Turkey will be up to 1% less here.



Last I checked, 90 days notice, on line at HSBC was about 18% so getting better all the time. Have not checked our other accounts.

littlenige



Joined: 24/12/2006
Posts: 3594

Message Posted:
06/08/2008 18:11

hsbc vote with your feet 20% i get and have been for over a year !! and no queues !!