TL slipping again

[BernieTeyze]

So should I buy now, am I even going in September?

[KKOB]

Nobody knows.

[Scunner]

Nobody knows, but generally the exchange rate is better tomorrow than it is today - or better next month than it is this month. Or better next year than it is this year.

Where “better” = more lira to the pound.

[Scunner]

Actually by coincidence, 5 years ago today I grabbed the moment the TL first hit the outrageous level of 4/£.

[KKOB]

A true case of Better being Worse being Better.

[stoop]

So should I buy now, am I even going in September?

I bought the other day at 8.50. £100 just to top up what I bought the other month.

If I’d waited for the price to go to 8.60 I’d have made an extra quid and a bit.

Sometimes you win, sometimes you lose but unless you are buying thousands of pounds worth it makes very  little difference really. 1 lira worth about 11.5p?

[KKOB]

Sometimes you win, sometimes you lose but unless you are buying thousands of pounds worth it makes very little difference really.

Quite right Stoop. But the value of the TL against the £, Euro and USD gives an indication of the world markets faith, or lack of faith, in Turkey and its government.

[Supacabby]

I bought at 7.5 a while ago & thought I got a bargain, I still think that, 7.5 is a great rate imho. Good luck to those getting more, my Efes will still taste the same  

[stoop]

Sometimes you win, sometimes you lose but unless you are buying thousands of pounds worth it makes very little difference really.

Quite right Stoop. But the value of the TL against the £, Euro and USD gives an indication of the world markets faith, or lack of faith, in Turkey and its government.

Agreed. In the scheme of things the extra few lira means very little. However for the Turkish people the decline of it's value could fuel even more inflation which is not good.

[Ray1951]

I suppose the exchange rate is only as good as the prices charged in the restaurants and shops when you’re there.