Turkish Lira/Pound Sterling exchange rate

dougskud



Joined: 04/04/2008
Posts: 356

Message Posted:
23/02/2011 11:52

Hi All good morning



Just looked at the rate in London and it's 2.594



Will it go to 2.6 today?



My guess is quite possibly



Doug

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
23/02/2011 11:59

http://www.xe.com/currencycharts/?from=GBP&to=TRY&view=12h

Jovial_John


Joined: 31/01/2009
Posts: 1024

Message Posted:
23/02/2011 13:23

An increase is widely forecast for UK interest rates and the tl rate, if it goes anywhere, will go down again. So if I was a betting man, I would expect higher than 2.60 before a month is out.

batgirl


Joined: 04/02/2009
Posts: 676

Message Posted:
23/02/2011 19:47

2.61tl now !!!!!!!!!!!!!!!!!!!!!!!

Swany



Joined: 01/12/2009
Posts: 255

Message Posted:
23/02/2011 20:03

Problems in the Middle East, a policy in Turkey of an unstable TL to deter "Hot Money" and as previously mentioned rising interest rates in the UK make for more positive movement against the TL.

janjin



Joined: 10/04/2008
Posts: 488

Message Posted:
23/02/2011 22:51

What rate are the exchanges giving?

TinLondon


Joined: 20/07/2009
Posts: 171

Message Posted:
24/02/2011 01:31

I'm hoping for at least a 2.70 exchange rate by the end of March (if UK interest rates go up, which i'm sure they will)... it's almost like the good old days!

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
24/02/2011 07:22

25th June 2006 it was 3.10TL/£1, now that would make a difference

monexcyprus


Joined: 09/12/2010
Posts: 39

Message Posted:
24/02/2011 08:33

check monexcyprus.com for today s rates.

janjin



Joined: 10/04/2008
Posts: 488

Message Posted:
26/02/2011 20:28

So could anyone tells me what rate are the exchanges giving, thanks.

gooligan


Joined: 30/01/2007
Posts: 1591

Message Posted:
26/02/2011 20:34

janjin,add this site to your favourites,it is the exchange shop opposite Lemar in Karakum



http://www.monexcyprus.com

janjin



Joined: 10/04/2008
Posts: 488

Message Posted:
26/02/2011 20:37

Thanks gooligan, a great tip, will do as instructed

jimchris09


Joined: 13/02/2009
Posts: 547

Message Posted:
26/02/2011 21:17

Thanks for the link Gooligan.

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
27/02/2011 13:00

They have put off interest rate rises for the time being.PossiblyJuly/August.Then it is likely to be 0.25%

demoly


Joined: 12/01/2011
Posts: 45

Message Posted:
27/02/2011 19:10

due to revised gdp coming in at -0.5 instead of +0.6 king will not wish to raise rates this time. expect october to be time for a rate rise and then only 0.25%. Personal opinion and not being an expert I think the pound will drift slowly lower as the libyan debacle comes to an end , back to about 2.30.

PapaBravo


Joined: 29/12/2009
Posts: 19

Message Posted:
01/04/2011 23:19

I agree with demoly (msg 15)

jacroy1


Joined: 04/08/2010
Posts: 127

Message Posted:
02/04/2011 12:16

What happened rate has nose dived to 2.485tl to the pound?

Shame!!!!!!!