Author Topic: Just hit 3.30  (Read 18627 times)

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Offline BernieTeyze

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Re: Just hit 3.30
« Reply #20 on: December 19, 2013, 15:53:41 PM »
whoop! Thanks Colwyn. Is that if I pay in £ or lira, or it doesn't make a difference.



Offline Colwyn

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Re: Just hit 3.30
« Reply #21 on: December 19, 2013, 16:01:00 PM »
I was assuming you would convert your £s into TLs at the best rate you can get. If you pay the storekeeper in £s I guess you'll get the rate he offers you. I know what I'd do.

Offline KKOB

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Re: Just hit 3.30
« Reply #22 on: December 19, 2013, 16:10:18 PM »
Give the seller a choice and see what rate they're prepared to offer, or what freebies they'll throw in for their choice of currency.

As an example, if you're kitting out a kitchen with fridge, freezer cooker etc and the seller wants £'s, ask them if they'll throw in a quality toaster or even a microwave. Play them !  ;)

Offline mercury

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Re: Just hit 3.30
« Reply #23 on: December 19, 2013, 19:10:05 PM »
Does anyone remember if the exchange was as high as this before and if so when?

Offline Scunner

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Re: Just hit 3.30
« Reply #24 on: December 19, 2013, 19:34:14 PM »
I remember when you could get over 2 million to the £   ;)

It's not all good for the property market.

Not good for British sellers either with the main purchasers in Fethiye area now being Turkish. For example a house at an asking price of £100,000 meant 275,000 TL purchase price not so long ago when the rate was 2.75. The same £100,000 house will cost a Turk more like 335,000 Lira now - meaning the same house at the same sterling selling price needs 60,000 lira more to buy it. 60,000 lira even at these mad rates means finding the equivalent of paying £118,000 for what is the same £100,000 house.

Offline Rimms

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Re: Just hit 3.30
« Reply #25 on: December 19, 2013, 19:56:26 PM »
I think if you are trying to sell a property here then you need to set out your stall and decide whether you will only accept a buyer prepared to pay with GBP or accept payment in lira. In my opinion, if you go for the latter, as in Skunner's example I think you are likely to be disappointed. Even though the property market here doesn't have the relative price discipline seen in the UK, believe me, the local Turkish population know exactly where the price lines are and if you think they will pay an extra 10 or 20 thousand lira because of exchange rate fluctuation, then you are fooling yourself.

That being said, it's always a double edged sword when you move over to a foreign currency, the money I brought over with me is worth significantly less if I were to change it back into GBP while my monthly pension which comes over here in GBP is worth significantly more each month.




Offline loz

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Re: Just hit 3.30
« Reply #26 on: December 19, 2013, 20:09:17 PM »
Does anyone remember if the exchange was as high as this before and if so when?

The last time it hit 3.34Tl to the £ was 2006 or 2007 I remember as I was holding John and Freda's GBP to pay for the iron railings and told them to hold fire for until I got the best rate. 

Offline mercury

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Re: Just hit 3.30
« Reply #27 on: December 19, 2013, 21:45:29 PM »
I can live in hopes then. X

Offline usedbustickets

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Re: Just hit 3.30
« Reply #28 on: December 19, 2013, 21:59:01 PM »
Interesting update of the Turkish economy in this article from Reuters. http://www.reuters.com/article/2013/12/19/markets-turkey-idUSL6N0JY1E520131219


Offline mac2010

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Re: Just hit 3.30
« Reply #29 on: December 20, 2013, 11:06:46 AM »
Finans  bank just hit 3.41 tl to the pound.Wish I had a crystal ball. :'(




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