Affect of exchange rate

[Colwyn]

I find an interesting logic in relation to risk and cost in the article Webbstar cited. People might be deterred from going to Turkey (bird flu) or Egypt (bombs) unless the price comes down. So people wouldn't want to pay £1000 and be blown up, but for £800 they might consider it. Since you are a former Financial Advisor, Stoop, you will be able to understand this. Just seems silly to me.

[reddevil]

I'm talking about distinctly average wine in a restaurant not REAL rough stuff like Dikmen. Was that a supermarket price or restaurant price?

[webbstar]

I wish I had kept the paper I read the original article from.
I do know that they said a meal in Turkey was £13 and the same
meal in Spain was £9. That wine was dearer in Turkey as was
a short and a pint of beer.Having read a post on here that
some resturants are now charging for bread it makes you wonder
if it is just greed on the part of these resturants/bars.I know
we are just talking holidays here and not actually living
in Turkey but reddevils post just backs up what the article said.

[tinkerman]

Whereabouts in Spain is it cheaper than Turkey?
and how do they serve the same meal?

[lindacarl]

We went to the Canaries at Christmas - just because we couldn't get a flight out to Turkey.
We were shocked at the way prices have gone up there since we were last there 3 years ago.
Not talking drink prices as we rarely imbibe but cost of food.
Found a wonderful Chinese restaurant that did a buffet at a reasonable cost but elsewhere was horrendous prices. Even buying in food & cooking your own was expensive. Selection was horrible, the fruit & veg were well dead, even for ones produced on the Island.
You can keep Spain & the Canaries where they tolerate the Brits.
Give me Turkey anyday.
Linda

[webbstar]

Tinx.The article never named a specific place in
Spain or a specific resturant. The article was
comparing the cost of holidays abroad for uk
holiday makers. I dont think it was meant to be
biased in anyway towards or against any particular
country.Why should it be.  

[webbstar]

Linda 3 years ago I could have bought a 3 bed property
a couple of roads away for £70k If I wanted to buy it
now it would cost me £190k. I could have gone out and had
a nice meal over here for £15 now its £25. I could have
got the weekly shopping for £50 now its £70.How can you
possibly compare prices 3yrs ago to what they are now.
Of course they are going to be more expensive now.What
this topic is about is comparing the cost of holidays in
2006.not comparing 2006 holidays to those in 2003.  

[stoop]

Webster,

Correction - what this topic is about is the effect of the exchange rate on the cost of things in Turkey. Nobody mentioned Spain until you brought it up.

Stoop

[cheerful]

Spain is definitely cheaper especially booze.House wine about £4 a bottle.Eating out similar if not cheaper.A few years ago the Spanish put all the prices up and peolple went elsewhere, I hope the Turkish don't do the same. We paid 25 lira for a bottle of Kavak in the fish market.I would class that as house wine. I also think they have overpriced the aqua park. Three years ago it use to be half price if you went in after 4.00, now there is hardly any difference.I still love Calis.
Janet

[lindacarl]

Webster
I was not really comparing prices from 3 years ago. I found Spanish costs far more than in Turkey for food etc. I was just surprised at how much things had gone up in the 3 yesrs since we visited.
I don't see how anyone can say Spain is cheaper than Turkey unless they are just looking to drink themselves to death. In that case it probably is cheaper.
If your idea of a good holiday is to be permanently sloshed then go so Spain. PLEASE!

The exchange rate will eventually work its way through to everyday things but at the moment will just affect newly bought in imports - which will have risen by around 20% or more.
I found when we visited Turkey in the times of 100% inflation that most things were priced in ££'s or hard currencies in the tourist markets. Shops prices changed all the time so they didn't mark prices on anything. No-one wanted to take Lira they all wanted hard currency. At one time every time we sat down we were approached with locals wanting to change money for us - at 10% more than we could get in the banks.

I hope the currency stabalises fast as it's Ok for us Brits who have access to currency exchanges & can keep our cash in ££'s but it's the ordinary Turkish person who will be most hard hit - what point saving any money as it will be devalued to half its value if times of 100% currency fluctuations reoccur.

Linda