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biker-babe
Joined: 30/12/2008
Posts: 75
Message Posted:
16/01/2009 10:29 | | Join or Login to Reply | Message 1 of 10 in Discussion |
| Could anyone advise me when they think the exchange rate will improve, as i have some sterling that i need to convert to TL.
Was quoted 2.38 this morning, whic is dismal compared to what a friend got last year (2.65 as i recall).
Any ideas ?
Suzie |
authentichoccie
Joined: 09/01/2008
Posts: 481
Message Posted:
16/01/2009 10:44 | | Join or Login to Reply | Message 2 of 10 in Discussion |
| Suzie 2.38 is pretty good at the moment! and probably the highest its been nearly all week!
The rate has been up and down lately, it depends how desperate you are to change your money. You could wait and then find it goes down, or indeed up!
Sorry not much help but I think the days of 2.65 are long gone!! |
cyprusishome
Joined: 31/03/2007
Posts: 2381
Message Posted:
16/01/2009 11:02 | | Join or Login to Reply | Message 3 of 10 in Discussion |
| Wish we had a crystal ball on that one.
In the last 6 months the rate has been between 2.10 and 2.75 (approx) and is varying daily as much as 0.10tl
It will depend on why you need the money. I changed some other day just to get it from poor UK interest to invest here. Obviously lost in short term fluctuations but having done the maths would still be in good credit state for a considerable time.
If needing to pay for something you just got to change and not worry about what happens to the rate afterwards thinking "if only"! |
breezyboy
Joined: 14/05/2007
Posts: 1179
Message Posted:
16/01/2009 14:07 | | Join or Login to Reply | Message 4 of 10 in Discussion |
| Suggest putting it into Sterling account and transferring just what you need for now and watching the rate daily. Streling is undervalued at the moment according to some of the guys who know so I would think 2.45-2.48 may be not far away. No guarantees, some city suits tell porkies ! |
fire starter
Joined: 19/06/2008
Posts: 3401
Message Posted:
16/01/2009 17:18 | | Join or Login to Reply | Message 5 of 10 in Discussion |
| we have noticed if you change money on monday, friday or saturday the rate is usually worse than on the other days of the week. |
mikelapta
Joined: 20/11/2008
Posts: 2186
Message Posted:
16/01/2009 17:53 | | Join or Login to Reply | Message 6 of 10 in Discussion |
| Ah I remember the days,18,000tl to the pound!!!Wheelbarrow under the hole in the wall...rich,very rich being a Brit |
keithr
Joined: 20/08/2008
Posts: 720
Message Posted:
16/01/2009 18:36 | | Join or Login to Reply | Message 7 of 10 in Discussion |
| Turkey reduced base rate to 13.00%,so the TRNC banks may follow suit. YTL on the up on the wholesale markets now.2.39 at the last look. |
The-Wicks
Joined: 27/05/2007
Posts: 2279
Message Posted:
16/01/2009 20:13 | | Join or Login to Reply | Message 8 of 10 in Discussion |
| Mike message 6 - ah - the good old days, I remember them well. Remember when you could change up £50 and it would last 2 of you about 4 days?
J |
johnboy
Joined: 19/05/2008
Posts: 170
Message Posted:
16/01/2009 23:10 | | Join or Login to Reply | Message 9 of 10 in Discussion |
| got this off xe.com
Turkey New Lira United Kingdom Pounds
1 TRY = 0.415741 GBP 1 GBP = 2.40535 TRY |
fourplusone
Joined: 04/11/2007
Posts: 130
Message Posted:
16/01/2009 23:44 | | Join or Login to Reply | Message 10 of 10 in Discussion |
| The chart looks very positive, 2.60 the next hurdle IMHO |
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