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Exchange rate

Llangefni, Wales...
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90 posts
21 reviews
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Exchange rate

Hi, I am going to Turkey in May, and am wondering would it be better to exchange money now, while the exchange rate is so good?? Best I have seen is 3.5 tl for the £1!! When I went in October 2012 it was only 2.82.

birmingham
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493 posts
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1. Re: Exchange rate

now

Kayakoy, Turkey
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2,786 posts
2 reviews
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2. Re: Exchange rate

Now's a good time to buy.

But, on the other hand, later could be even better.

It all depends on much more of a fall the TL takes during the graft investigations currently ongoing in Turkey.

Rosehearty, United...
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10,190 posts
10 reviews
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3. Re: Exchange rate

İ would wait a while - it is still slowly increasing, any reversal will be slow - but keep a close eye on the rate.

London, UK
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223 posts
211 reviews
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4. Re: Exchange rate

Hi,

I got a rate of 3.555 for £1 yesterday, at Exchange Office (Doviz) in Istanbul (and NO commission !)

It is always a better rate to exchange currency in Turkey, rather than UK. However, as the value of the Turkish Lira has fallen dramatically against other currencies in recent weeks, you may wish to exchange a small amount now, in case the TL starts to get stronger.

What the rate will be in May is anybody's guess, but personally I would not exchange too much pounds to TL outside of Turkey.

Enjoy Turkey !

Keith

Llangefni, Wales...
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90 posts
21 reviews
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5. Re: Exchange rate

Thank you everyone :)

Derby, United...
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115 posts
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6. Re: Exchange rate

Hi, I'd get at least half of what you want now - there is never a right time, just get some when you recognise a good deal.

Just got 3.469 here in the UK, delivered free to our home, from FairFX on line. Superb

Southampton, United...
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173 posts
26 reviews
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7. Re: Exchange rate

Read in the papers at the weekend that

the lira is going to stay high. Also that the

price of a meal will be 28% cheaper than

last year so can't be bad

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3 posts
12 reviews
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8. Re: Exchange rate

Sounds great im going in August. Last time I went Oct10 it was 2.40 to the pound. Seen a few scares on here about beer prices ? Is it still 4 to 5 tl a pint?

Southampton, United...
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173 posts
26 reviews
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9. Re: Exchange rate

Got 3tl in June last year fro m the jeweller opposite the Lycian

Liverpool, United...
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84 posts
14 reviews
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10. Re: Exchange rate

Im going in May too and have just changed some. Got 3.55. brilliant rate!

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