Author Topic: pound/lire (Read 17887 times)

stuart · « **on:** May 04, 2006, 18:14:56 PM »

looks like its happening what you finacial wizz kids were predicting a few weeks ago the pound is getting stronger against the lire. 2.44 today!! any comments??

KKOB · « **Reply #1 on:** May 04, 2006, 18:18:29 PM »

Yes, It's LIRA !

Crabbit · « **Reply #2 on:** May 04, 2006, 18:24:17 PM »

2.6 this time last year.
So where does the stronger come into it ?

Crabbit

mercury · « **Reply #3 on:** May 04, 2006, 18:41:35 PM »

On teletext the lira is still 2.26 to the pound. Where does the 2.44 come from? Anne.

tinkerman · « **Reply #4 on:** May 04, 2006, 18:45:59 PM »

got it in the post office today 2.27

Crabbit · « **Reply #5 on:** May 04, 2006, 19:06:27 PM »

Got 2.4062 in Halk Bank today

mercury · « **Reply #6 on:** May 04, 2006, 19:47:45 PM »

which is why we only change the minimum amount neccesary for when we arrive in Turkey.

KKOB · « **Reply #7 on:** May 04, 2006, 20:10:15 PM »

I withdrew 600 YTL from a Nationwide Flex account last night at an Ak Bank ATM and the rate was 2.42 YTL to the pound.

SEVIYORUM · « **Reply #8 on:** May 04, 2006, 20:24:28 PM »

I thought the Lira was weak for this time of year..

Fethiye · « **Reply #9 on:** May 04, 2006, 20:31:31 PM »

It's cos the interest rate was reduced by a quarter point last week. Interesting that this resulted in around a 2.5% change in the lira to the £. And there's more to come. The new head of the Central Bank has a target to reduce the inflation rate down to 5%. If that happens then interest rates 'may' fall to around 8% - 10% and the exchange rate will weaken too. Ok if you're a tourist as your £ will buy more or an exporter as your goods will be cheaper, but not so good of you have all your cash in the lira and are living off the interest (as many are). So, make the most of the high rates now while they last and spread your investment risk!

Author Topic: pound/lire (Read 17887 times)

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