shock horror-exchange rate today

[daveG]

From 2.24Tl yesterday to 2.18 today.After relative calmness and a government in place, stock market I know still edgy but I was hoping for gradual increase,whats happening[?]

[pookie]

tourist season,   thats whats happening  

[amanda bullock]

yes,half term approaches!! flippin typical

[Jim Fraser]

Yes quite a shock, drop of 3% in a week.
FinansBank 2.27 last week 2.20 today
Don't know if its the £ that strengthened or the Lira that's weakened

[nichola]

Its the pound that is weak - nothing to do with the TL.

It has got progressively weaker all week... taking more of a downward turn in the last couple of days

[stoop]

Pound actually went up today (Friday) against a lot of currencies - including the YTL. Latest exchange rate (not tourist rate)is 2.237ytl to the £.

Tourist rate is obviously lower.

The £ is almost at a 1 year high against the euro.

[Jim Fraser]

Well spotted Nichola - I put it the wrong yaw round.

[nichola]

thank you Jim  

http://www.oanda.com/currency/converter/

This is the currency converter I use - if you put £1 the rate for close of business Friday is 2.23153 TL

Underneath is a helpful medium graph that covers the past month and shows that the £ plummeted rather dramatically on the 10th May and has yet to recover...

[captainjon]

If you go into bbc world news,click on UK,followed by business,then market news into currencies you get the full picture of lira/ pound.Either at that moment,or intra day,month whatever.then just save as favourite for instant view every day

[kenkay]

On a cheerier note all the jewellers etc in Calis giving 2.35 tl per pound tonight