Affect of exchange rate

[stuart]

crabbit i understand starfish are going to hold some kind of reception party for your donation..lol.

[Crabbit]

How unlucky can i get ?
One day away and it cost me £10.
I will be donating my £10 as soon as Mr Scunner & Family have returned from their holiday in Belek.

Crabbit.

[stuart]

well done old boy!!

[ausgal]

try www.bigpara.com for the exchange rate i have found I get pretty mutch the same rate in the the Financ bank. i have just looked and it is 3.055 to the £  ausgal

[Anne]

Hope it stays like this till we're over in a couple of weeks
Anne

[Crabbit]

i hope it doesn`t.
I want them to raise interest rates to try and bring the exchange rate down.

Crabbit. (selfish)

[wickwilly]

It hit 3.10 this afternoon.

WW

[lindacarl]

Dave
Raising interest rates is NOT the answer. Years ago interest rates were 60-80% a few times I went over.
GREAT NOT - as inflation meant the Lira was devaluing around 100% a year - therefore your savings were eroding not growing. Headline rates looked great but lots of ordinary people + many businesses lost big-time. Hopefully this government won't try & use interest rates like previous ones have - they should have learnt by now that it doesn't work.
You really should try & have a serious talk with Dippey. Our interest rates of around 5% or less don't look appealing but our currency is pretty stable. I can't remember a time when it devalued around 25% in under 2 months as has just happened in Turkey.
The Turkish people are well aware of what can happen & very wary of placing too much money in a Lira account. I suspect that now many Turkish people if they have savings are holding their savings in Euros, Pounds or Dollars if they get the chance. Ask them!
Linda

[1gor2don]

Christ I hope the Lira does'nt keep rising! I can't bloody afford it!!
Living out here with only Lira, and all the helpful local businesse's pricing everthing in sterling for the benefit of tourist's, like hell!!, I am now paying approx 25% more for things than I was a couple of months ago.
Why on earth can't everthing here be priced in Lira,it is Turkey for heavens sake. This would benefit everyone, businesses would have a stable income, and tourists would benefit from the rate going up, which they don't at present. If you pay £10 sterling, you could have changed at 3.05 to the £ then you are still effectivly paying 30.50 Lira for something that only cost 23 lira a couple of months ago. It is bad enough all the prices rocketing when the tourist season starts, without the exchange rates kicking in the afterburner as well!!

[puma]

it was 3 when i left yesterday