Can someone tell me what the turkish lira rate is at the moment for 1 pound
blimey might be time to get some
Yes fantastic rate in our favour at the moment - When we first started going to Turkey around 4 years ago it was less than 4, and its slowly gone up ever since. Last October it was hovering around or just under 5..
There is a downside! When I lived in Turkey 2004-2008, the Lira varied between 2 and 3 to the Pound. Turkish Lira savings accounts were paying 14-18% p.a. and I saw many ex-pats convert their UK savings into Lira for the income. Those life savings are now worth less than half of what they were and people getting older and needing to repatriate to the UK for the NHS are no longer able to afford to.
14% compounded for 14 years would turn 2,000 liras into 12,500; £1K in 2004 into £2K in 2018. Not a bad deal, unless they spent all the interest income.Edited: 16 May 2018, 00:18
I just bought some lira on my revolut app at today's rate. (You get the perfect rate with no commission) 6Lira/Pound.
So no matter if the rate goes down when I go in 3 weeks i still get 6 lira. Just use the card in any machine out there. Or i Just use Halifax clarity and get whatever the current rate is at the time. Never take cash anywhere.
My main issue with the Revolut card ( I have one) is the paltry cash withdrawal limit of £200 per month. Cash withdrawals above this limit attract a charge of 2%.
Take a look at Starling Bank, a much better choice: https://www.starlingbank.com/Edited: 16 May 2018, 15:36
I normally change mine over here looks like I need to rethink what I do regarding money, I've not even got any of the cards mentioned
"My main issue with the Revolut card ( I have one) is the paltry cash withdrawal limit of £200 per month." [LuddendenTurk].
Being a typical Yorkshireman, I have no issue with that limit :-)