Calis Beach and Fethiye Turkey Discussion Forum
Turkey Related Subjects => Cost of Living in Turkey => Topic started by: HappyMonday on June 25, 2011, 18:58:14 PM
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I know that its difficult to predict but I have read that the Lira is likely to continue to weaken vs the GBP.
This appears to be partly due this year to the problems in Syria and Libya. Any views on whether it is likely to change?
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It's at least 2.6 at the moment, that is a really good rate so buy some now if you are worried
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Most 'Change' places in calis were giving 2.51 last week.
Fx in Victoria(London) 2.53 :)
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Add to that, the problems with the Euro and the Greek banking loans and it gets even more difficult to predict.
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got 2.54 in calis today ( gold shop )
Ron
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Should have got at least 2.61 Ron, hope you did not change to much.
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The post office in UK is offering 2.51 online today, so am suprised it is only 2.54 in Calis as you normally get a noticeable difference in resort, maybe it is worth me ordering some in case it falls again before my next trip to Turkey :)
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Travel FX Ltd, are offering 2.5470 online and M.&.S are offering 2.52.
So both better than the P.O.
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I looked at M&S yesterday Jacqui and you had to be a store card holder to order on line, what is the other place I have not heard of that is it an online currency ordering? many thanks :)
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2.58 at the bureaux in Fethiye today
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quote:
Originally posted by Karennina
I looked at M&S yesterday Jacqui and you had to be a store card holder to order on line, what is the other place I have not heard of that is it an online currency ordering? many thanks :)
Hi Karennina,
This is the website for Travel F X Ltd., http://www.travelfx.co.uk/?gclid=CJaZ4JPR0KcCFYob4Qodoz22DQ
I got 2.58 at the end of May, they always give the best rates in the U.K. ;)
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Thank you Jacqui that is brilliant :)
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My bloke, who used to be in banking here is forecasting that the lire will continue to rise through the summer and beyond.
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Thats what is concerning. For the last few years there has been a bit of a cycle with the Lira weakening over the summer months and strengthening outside of this.
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quote:
Originally posted by Julesp
My bloke, who used to be in banking here is forecasting that the lire will continue to rise through the summer and beyond.
Julie that's what I have heard too, but there is an expectation that it will peak in the next couple of months somewhere around 2.65TL to the £. Subject, of course, to the 'new' Turkish Government not making any surprise annoucements about the Turkish economy that was held back during the election campaign:-\
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Oh I am back in dilemma now whether to order in UK or wait until four weeks time when we are out :D
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Thanks Jacqui for such useful info - will definitely consider those options for future trips x
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When we were over in Calis in June for the entire time we were there (just over 4 weeks) the rate stayed static in Calis at 2.50 or 2.51. This seemed to be artificially low compared to the rates offered in Fethiye which ranged from 2.58/2.57 and once it went down to the lowest figure of 2.52. All the usual people who change money in Calis do not appear to have the boards out any longer. We go to Fethiye quite often anyway, so we nearly always changed our money there and got much better rates. This is something we have not noticed before in Calis.
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anyone who changes money and doesn't work at the bank or in an exchnage place runs the risk of losing money by the time they get it to the bank. This is why the rate on the street is lower.
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of course they may also benifit by making a profit too, but this is why they offer this service ;)
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Yes I fully realise that - but this is the first year I have noticed the rate being offered in Calis was a lot lower than the rate being offered in Fethiye.