Calis Beach and Fethiye Turkey Discussion Forum
Calis Beach Forum => Calis Beach Questions and Information => Topic started by: Burnley Dave on July 30, 2018, 13:46:40 PM
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Hi all,
I'm visiting Calis in a couple of weeks. Question regarding best value for exchanging GBP, will I be better converting GBP into TL before departing or exchanging my hard earned GBP or whilst in Calis?
Thanks in advance for any recommendations.
Dave
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will I be better converting GBP into TL before departing or exchanging my hard earned GBP or whilst in Calis?
Change it locally, you will always get a better rate. Only change enough in the UK to do you until the change shops open.
JF
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Would suggest a nominal exchange here and then exchange main spending money in Fethiye or Calis. Rates are always better in the resorts.
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Thanks for that, duly noted and exchange will be made in Calis.
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I've sent you a pm :)
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I have replied to your pm.
Hope it helps. :)
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7.30 is the rate today if that helps.
Sent from my SM-A520F using Tapatalk
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It will be interesting to see what it is in the morning! :o
Anyone have a guess?
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7.30 is the rate today if that helps.
Sent from my SM-A520F using Tapatalk
Hmm... no it isn't.
JF
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But is that the rate in Calis, I know it's not the official rate on xe.com that's 8.20
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Perhaps member calischangeoffice can advise us.
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Yesterday M&S were selling at 7.66 didn't notice their buying back rate,John Lewis were selling at 8.05 & buying back at 8.90 anyone returning to the UK with lira left over is best keeping hold of it for next time.
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Yesterday M&S were selling at 7.66 didn't notice their buying back rate,John Lewis were selling at 8.05 & buying back at 8.90 anyone returning to the UK with lira left over is best keeping hold of it for next time.
I'd seriously avoid that advice to be honest :o
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Sorry I was just thinking that where people have bought at a lower rate if the rate stays high when they get home, they will get even less back for their money & therefore may be worth holding on to it - for example £100 of lira bought at 6.50 = 650 lira if cashing it in back at home & rate is 8.90 you only get £73.03 but everyone to their own & like most things where rates fluctuate there is always a risk
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Yes I see your thinking but if the rate at the time of their next holiday (say next year) is 14/£ (conservative estimate) then their reclaimed £73.03 will get them 1,022 TL; a lot better than the 650 TL they started with.
The main point to remember in all this is there are few particular examples in the last 10 years of someone speculating and buying/keeping lira when the rate goes up to cash in on a higher exchange rate. We have had nearly 10 years of consistent increasing rates for exchanging pounds into lira.
The best thing people can do with unused holiday liras is get rid of them and spend the pounds on lira next year :)
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True I was thinking this sudden jump was maybe temporary but perhaps not, let's just hope it brings in more tourists than recent years as think they are going to need it to help the economy. We have been visiting Calis since about 2000 & certainly the last few years there doesn't appear to be as many tourists, we were there the last 2 weeks of June last year & we thought it was a lot quieter, due to work commitments we are going in September this year which we have never done before 😊
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I have read that bookings are up around 60% - a lot of that on the back of the high exchange rate so that is one of the few silver linings. The next month or two will be critical for our Turkish friends and their futures.
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So does all this mean, I can now release some of my one million lira notes now?
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I have read that bookings are up around 60%
The HDN (http://www.hurriyetdailynews.com/turkish-resort-enjoys-100-percent-occupancy-rate-135702)are suggesting that Alanya is actually fully booked which is good news for that stretch of the coast. It's Kurban Bayram next week so, as HDN also mentions, most folk will be off from this Friday for a week and should see a boost all along the coast with domestic holidaymakers.
JF
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We come out on Friday and have just got 8.2 in Asda and they're buying back at 9.5!! 7.6 yesterday in Sainsburys. Let's hope more tourists do decide to go to Turkey and spend lots of money!
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and they're buying back at 9.5!!
Think about it !
They're selling TL to you at a little over 12p each. They're offering to buy them back from you at around 10.5p each.
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I didn't say I was going to sell any unused back. We rarely bring any back and usually leave it as tips etc at the end of the holiday! Was just adding to the discussion.
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I didn't say you were going to sell any back. I was just adding to the discussion too ! :)
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If local traders previously quoted the price in sterling, say £ 20, what should a tourist expect to pay now ;).
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I'd expect to pay £15 now.
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RE price increases in Calis. Is the following correct ?:
If you were charged, for example £ 10 for a boat trip in June that would have been equivalent to 60tl.
If you are now to be charged an extra 20tl you will be paying the equivalent of 80tl.
But you will have received nearly 90tl for your tenner..
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I'm presuming anything charged in £'s will stay the same & anything charged in lira will move with the exchange rate - that could start another debate on the price of efes 😂 what I think have been stupid prices this year are the flights, I booked ours for this year as soon as Easyjet released their schedule for September & as it was busy the website kept crashing so even though I originally did get some cheap flights in my basket I ended up paying a lot more than we have ever paid before 😨
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I'm presuming anything charged in £'s will stay the same & anything charged in lira will move with the exchange rate
DianeT - Why should that be the case?
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At the end of the day you're paying the same amount & the local prices in lira will increase for the traders so they need to move their prices accordingly, I'm probably completely wrong 😬
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I'm probably completely wrong 😬
Really ? :)
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Looking on the Post Office exchange page this morning and see that the Turkish Lira rate has disappeared !
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Yep. They're making a loss on exchanging £s for TL now.
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I don't know exactly how the money markets work and no doubt someone ;) will come along and shoot me down inflames. This is how I see it.
A money changer in the UK buys 1000 TL a few weeks ago at 6 TL to the £. That costs them about £166. They then sold the TL at 5.50 to the £. They made £182. A profit of £16.
They're now having to give 8 TL to the £ which makes them £125.
£166 - £125 = a loss of £41 per 1000 TL sold.
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I was reading FB earlier and it seems lots of places are no longer giving lira
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Have read the same Anne. Some saying they've got some, some that they can't get lira anywhere. :o
The Post Office may well have some on again later today or tomorrow. They've been doing this since last week. Apparently they won't keep large stocks of currency when it's so volatile and no-one knows what the rate will be in two hours never mind two days. Which I think is what KKOB was saying in his post!
Most places will be the same at the moment, but you might just get lucky and get some when they've re-stocked.
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I'm presuming anything charged in £'s will stay the same & anything charged in lira will move with the exchange rate - that could start another debate on the price of efes 😂 what I think have been stupid prices this year are the flights, I booked ours for this year as soon as Easyjet released their schedule for September & as it was busy the website kept crashing so even though I originally did get some cheap flights in my basket I ended up paying a lot more than we have ever paid before 😨
Me too.
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The Post Office in Chirk is selling TL @8.00 / £. They're advertising it at "No Commission" so I asked how much it would cost for 800TL and was told £102.50. When I asked what the £2.50 was for I was told it was "an admin fee". So, "No Commission" then ?
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RE price increases in Calis. Is the following correct ?:
If you were charged, for example £ 10 for a boat trip in June that would have been equivalent to 60tl.
If you are now to be charged an extra 20tl you will be paying the equivalent of 80tl.
But you will have received nearly 90tl for your tenner..
But the cost of providing the service may well have increased too. For instance, the diesel for the boat trip, as oil is priced in US$, by the same token, anything that is transported around Turkey, either by road or air, is likely to cost more.
The retailers that have non perishable goods, such as bags, clothing etc & have bought their seasons stock at the beginning of the season, will be winners, but only for the current season.
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I don't know exactly how the money markets work and no doubt someone ;) will come along and shoot me down inflames. This is how I see it.
A money changer in the UK buys 1000 TL a few weeks ago at 6 TL to the £. That costs them about £166. They then sold the TL at 5.50 to the £. They made £182. A profit of £16.
They're now having to give 8 TL to the £ which makes them £125.
£166 - £125 = a loss of £41 per 1000 TL sold.
It's all that, change shops make money on the difference between what they buy at and what they sell at.
Over and above the example KKOB gives, don't forget that bookings are up 60% on last year (surprisingly) so there's likely to be a requirement for 60% more liras than the amount required last year in UK exchanges. Then add on that a pound buys twice as many liras for each pound compared to last year and you are looking at UK exchange shops needing last year's amount of liras + 60%, x2.
Not many would have foreseen that across the UK so liras will be in short supply.
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Right that's the TL sorted for the first couple of days of my trip in September.
(https://i.ytimg.com/vi/6VL0G7S2PWU/maxresdefault.jpg)
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Right that's the TL sorted for the first couple of days of my trip in September.
(https://i.ytimg.com/vi/6VL0G7S2PWU/maxresdefault.jpg)
Is that Scunner's wallet you're looking after?
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Can't be, no moths.
:)
JF
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Somebody has been raiding the shoe boxes
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I know we are all getting a great exchange for our pound , but have the prices been inflated for meals out and drinks ?? This is were it becomes confusing for me because every year no matter what the exchange rate it sometimes feels that the prices match our pound !
or is that just me ??
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"inflated"
?
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Hi nichola.
Not really sure what you are asking me on your last post , with the ?
What I was asking the forum is has the prices around the bars in Calis increased to the exchange rate that we are experiencing..
I don’t really think it matters if you are only on a holiday, I have known the rate to be under 3lira to the pound but somehow the drinks and meals were then lower , and the money still streached, It’s just a question.
Regards
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When I was over back end of July there was no increase in Kippa on general house hold products but I did notice a slight increase on effes but I assumed that was down to the annual tax increase (or is it twice yearly) and I never noticed it in the restaurants but if they had put it up slightly its still great value for money
It am not really bothered about slight increases and when you compare it to the euro the £ to lira is and will be for a long time great value
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Inflated definition - excessively or unreasonably high...
Inflation was 15% last month and exchange rates are just a part of this. Petrol is bought in $ and this affects the price of everything and we are seeing big hikes in the cost of electricity, meat, most staples and some fruit and veg.
If any business wants to stay in business beyond the end of this season then they will have to adjust their prices accordingly. That's not unreasonable or excessive and even when all things are taken into account the prices for those that are coming on holiday work out pretty favourably.
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I tend to look at in the whole rather than itemise for instance in July I think the exchange rate was over 6tl to the pound (but under 7) and 4 of us went for a meal at the steak restaurant on the sea front (forgot what they called it) we had 4 mains 4 deserts a complementary fruit platter quite a few alcoholic beverages for just over 540tl that's less than £10 a head the food was some of the best we have had, If you look at it that way whats not to like
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I still can't get past the calculating at 2.5TL/£ stage.
I think if I get a 540 TL bill I'd collapse before doing the maths :D
p.s. it's quite a bit more than a tenner each Peter ;)
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p.s. it's quite a bit more than a tenner each Peter ;)
That's what I thought :)
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£16 ish still not bad though
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Agreed :)