Exchange rate watchers

[twinster]

Yello
Seeing the exchange rate creeping up slowly i am very temted to dive in now with the likes of Asda offering 247,or from past rate watching experience would it be wiser to hang on to my filthy lucre for a while longer?

[noodles1609]

I realise it's a personal thing, but I much prefer to wait til I get there, the rate is loads better in Icmeler. I'm only intended to change about £20 to get us the first couple of efes at the airport and on the way to the hotel. Once we're there we'll be changing the rest. Was getting roughly 10-15 kurus more to the pound than in the UK last September

[dragon]

It's always a gamble. Yes, the rate is always better in Icmeler than at home on any particular day. The gamble is if It's 2.47 here it will be higher in Icmeler on the same day, but by the time you get to Icmeler the rate could have dropped (or increased) and not even the experts can predict exactly what will happen.

For example by the time of your holiday the rate here could go down to 2.3, it would still be higher than that in Icmeler on that particular day, but you would have had a better rate changing your money here at 2.47 rather than waiting. A while ago I remember people who hadn't changed money in advance saw the rate go down to 2.1 but on saying that the rate could go up. As I said its a gamble.

[mammygazzo]

it was 2.52 in icmeler on monday of this week. so if i were you i would wait til u get there

[bobbysgirl]

Went to M&S yesterday with a friend who was purchasing euros and noticed the Turkish Lira was flashing on the infor board and they were selling it for 2.49! so purchased some bu not all.

[dksbbs]

It's always a gamble. Yes, the rate is always better in Icmeler than at home on any particular day. The gamble is if It's 2.47 here it will be higher in Icmeler on the same day, but by the time you get to Icmeler the rate could have dropped (or increased) and not even the experts can predict exactly what will happen.

For example by the time of your holiday the rate here could go down to 2.3, it would still be higher than that in Icmeler on that particular day, but you would have had a better rate changing your money here at 2.47 rather than waiting. A while ago I remember people who hadn't changed money in advance saw the rate go down to 2.1 but on saying that the rate could go up. As I said its a gamble.

Totally agree with what Dragon has said.

If you are about to go on holiday wait and change your money in Icmeler, if you don't go for a few months then it's a gamble to change now, some you will loose, some you will win.

I changed £500 in March and got just under 2.52 which is the best rate since 2007, with inflation running high in the UK I would not be surprised to see interest rates increase which means the £ will stengthen and you will get more TL, however the Bank of England may believe its too risky to increase this year and if inflation continues to increase the £ will get weaker, I don't go until August so may change more if it goes above 2.50 but I will only change 50% of money so to even out the gamble.

Dave

[Kneale]

You should get a Norwich & Peterborough current account, you get the Visa exchange rate on purchases and cash withdrawals, the rate yesterday was 2.590538 - they don't load the exchange rate at all and they don't charge for using an ATM.

[reesy1959]

Great to see the higher rate from last year.

I haven't taken the gamble and purchased any lira, as I still have about £100 left in lira from last October, hopefully the rate will stay higher for the whole season.