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Pound doing well against TL

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TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
03/01/2011 15:06

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Message 1 of 3 in Discussion

Seems like the pound is just reaching a 12 month high at just under 2.42 against the TL.



MedOne


Joined: 01/01/2011
Posts: 27

Message Posted:
03/01/2011 19:09

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Message 2 of 3 in Discussion

Bank told me 2.38 today. I know they're usually lower than exchange bureaus but should there be so much difference?

Tip: I went to an exchange bureau last week and asked for 'indirim' (the Turkish guy next to me did so I did too!). The rate at the time was 2.38 and he offered me 2.40 straight away!



Always worth asking...



yrret


Joined: 17/08/2010
Posts: 761

Message Posted:
03/01/2011 19:18

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Message 3 of 3 in Discussion

Because it's gone up pretty quickly, and across global holiday times, the spread will be wider, if it stays around this level for a week or so, the margin will narrow a little and you may get a little more, if it stays there.

Likelihood as far as I am informed is pound will get stronger early in the year, but that's benchmarking against the USD, The Tl may still strengthen against both.



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