Author Topic: Affect of exchange rate  (Read 17540 times)

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Offline mibur

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Affect of exchange rate
« Reply #40 on: May 26, 2006, 15:58:50 PM »
Just returned from Calis and we were getting 2.70 for the first few days and by the time we left most places were offering 2.89. I would think that it is much better to pay in ytl than sterling now. Prices have not really gone up that much from last year and we certainly saw the difference in the smaller numbers of tourists, which at the moment means that there is more competition from local restaurants, who are all trying to get you inside to eat! Along the "front" at Calis, Efes ranged from 2.5 - 3 lira for a large bottle.
Quite a few of the restaurants were offering 10% or "set menu" prices, just to get your custom.
We were in a jewellers yesterday in Fethiye, that we have used quite a lot over recent years and bought some pieces of jewellery. We got an exchange rate of 2.89, then half an hour later returned there to buy something else that had taken our eye and the rate had gone up to 2.94 !!!!
I don't think it will be long before it reaches 3 lira at this rate.
Happy shopping everyone



Offline wickwilly

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Affect of exchange rate
« Reply #41 on: May 26, 2006, 18:51:52 PM »
Have you seen the cost of fuel over here now? Diesel is now 2.32 a litre and unleaded is 3.12. One negative aspect of the rise in exchange rates!!

WW

Offline Crabbit

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Affect of exchange rate
« Reply #42 on: May 26, 2006, 19:34:52 PM »
quote:
Originally posted by stoop

Just seen 289 ytl to the £! Will it get to 300 ytl by the time I get there in two weeks??







NO. It`ll be lower.

Crabbit

Offline stuart

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« Reply #43 on: May 27, 2006, 02:33:35 AM »
how can you be so shure?

Offline stoop

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Affect of exchange rate
« Reply #44 on: May 27, 2006, 09:35:57 AM »
Crabbit - that's why I've asked our partners to pay all the bills next week!!! Not taking any chances.

Rate dropped to 2.84 today. Could be a blip though.

Stoop

Offline doll

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Affect of exchange rate
« Reply #45 on: May 27, 2006, 10:51:48 AM »
i got 2,78 at garanti bank for £ yesterday

Offline lance

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Affect of exchange rate
« Reply #46 on: May 27, 2006, 13:20:50 PM »
Hi just got back from calis this a.m. yesterday friday 280 on calis sea front from the shop that lays back .also lge draught efes in the
big bar on the corner opp seril hotel end of beach the one with big pool table 2ytl hows that then and pool table free.

                          Lance.:D 8)

Offline tony

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Affect of exchange rate
« Reply #47 on: May 27, 2006, 13:27:28 PM »
Aye Lance I would have been tempted to stay mate.
Tony

Offline brummyboy

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Affect of exchange rate
« Reply #48 on: May 27, 2006, 13:50:20 PM »
please excuse me for being thick, but is it not the case now that if you bring turkish into the country now ,you are onto a loser

Offline Aegean

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Affect of exchange rate
« Reply #49 on: May 27, 2006, 13:54:39 PM »
quote:
Originally posted by wickwilly

Have you seen the cost of fuel over here now? Diesel is now 2.32 a litre and unleaded is 3.12. One negative aspect of the rise in exchange rates!!

WW



I think it's the other way round. I've read that worries over energy prices and a general sense of unrest over EU negotiations, coupled with some uncertainty over the appointment of the new Central Bank chief, and concern over the current account defecit are responsible for this movement. Also on the news wires, you'll find that this movement is, apparently, not unexpected with analysts having stated that the lira was overvalued against the major currencies. However, this is all second hand information and markets are not rational things.




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