Page 1 of 1

Euros

PostPosted: 16 May 2012 12:25
by ashington44
Hi everyone, I have been arranging my currency and the travel agent suggested I take Euros instead of Stirling as they are strong against the pound. Is anyone doing this and are the benefits significant. Finance is not my forte so I would appreciate your input. Thanks

Re: Euros

PostPosted: 16 May 2012 12:36
by JT
Changing stirling to euro and then changing euro to lira does not make sense

Travel agents in the UK do have some amazing theories but I would ignore this one

The Turkish currecny is Lira and the UK currency is the great British pound so why a travel agent tell you to do this is beyond me

Re: Euros

PostPosted: 16 May 2012 12:52
by ashington44
Thanks for replying. They were my thoughts but the travel agent confused me. Off to change my Scottish pounds into English.

Re: Euros

PostPosted: 16 May 2012 12:55
by speedin112
year travel agent must be mad you get a great exchange rate on sterling better than euro :?

Re: Euros

PostPosted: 16 May 2012 13:08
by JT
The rate for Stirling is 2.82 at the moment in the change office on our block and he has just informed us that the rate for Scottish bank notes is 2.5

Re: Euros

PostPosted: 16 May 2012 19:53
by markthomson1
I don't know why the rate is less for Scottish bank notes as they are sterling too.They clearly have sterling written on them,yet the rate is less them for throughout Europe.We made the mistake of not changing to English banknotes the first time we visited Icmeler and were losing quite a lot every time we cashed in.The rate for English was 2.52,while Scottish was only 2.00

Re: Euros

PostPosted: 17 May 2012 05:43
by Chris221273
Travel agents do come out with some rubbish at times I have to agree.
I went to my local one the other day, to see what rate they were offering.
"2.56tl to the pound sir, that's a great rate at the moment".
I replied with "it's 2.82 in Icmeler".
"Oh I doubt that sir, and do remember you will get less in resort than in the uk, and they charge a very high commission"!
To which I replied, "you are very factually incorrect, do you actually know what you're talking about?"
"ohhhh.....errrrm......"
"Yeah I thought not, bye bye!"

Re: Euros

PostPosted: 17 May 2012 16:19
by Caltonian
Simple arithmetic suggests the TA is full of hot air :lol:

£1000 = 1212 EUROS
£1000 = 2,800 YTL (approx)
1212E = 2,700 YTL (approx)

So you would effectively lose 100 Lira for every grand you exchanged.

Re: Euros

PostPosted: 17 May 2012 19:49
by ashington44
Caltonian wrote:Simple arithmetic suggests the TA is full of hot air :lol:

£1000 = 1212 EUROS
£1000 = 2,800 YTL (approx)
1212E = 2,700 YTL (approx)

So you would effectively lose 100 Lira for every grand you exchanged.


And that will buy a lot of Effes.!!!!!!

Re: Euros

PostPosted: 17 May 2012 19:57
by Caltonian
ashington44 wrote:And that will buy a lot of Effes.!!!!!!


And stop a few headaches, surprisingly enough :lol:

All that exchanging money and gambling not once, but twice, on maybe gaining a few lira or so (which is what you would need to do to make this worthwhile) is one thing I can really do without worrying about.

Re: Euros

PostPosted: 18 May 2012 10:56
by Sami
Chris221273 wrote:Travel agents do come out with some rubbish at times I have to agree.
I went to my local one the other day, to see what rate they were offering.
"2.56tl to the pound sir, that's a great rate at the moment".
I replied with "it's 2.82 in Icmeler".
"Oh I doubt that sir, and do remember you will get less in resort than in the uk, and they charge a very high commission"!
To which I replied, "you are very factually incorrect, do you actually know what you're talking about?"
"ohhhh.....errrrm......"
"Yeah I thought not, bye bye!"

Brilliant. This really made me chuckle :lol:

Re: Euros

PostPosted: 18 May 2012 16:50
by Katiehutchinson_1991
stick with pounds
the rate against the lira is amazing at the moment
2.85 in resort today :)
xxx

Re: Euros

PostPosted: 18 May 2012 17:09
by teac532s
Is the rate the same in resort for travellers cheques?