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When should I convert to Turkish lira?

RyanairIssue
RyanairIssue Posts: 9 Forumite
in Overseas holidays & travel planning
So I messed up I was so certain of a remain victory I held off getting my Turkish Lira and visa until after the pound recovered. I know it wasn't the brightest and I also know that some people will tell me that I should just get the money now as we've no way of knowing the conversion rate. But I've got two weeks until our trip and we're going for quite awhile so going to convert about a grand so it'd help to get the best possible rate.

So should I wait as surely the pound has got to recover shortly? Or just bite the bullet and accept I got a worse rae because I was certain we'd stay? Thanks!
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Comments

  • London50
    London50 Posts: 1,850 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Why not hedge your bet and exchange half of your money now and see how things go in the next week for your balance when the dust may have started to settle. At least by then you should see how the market is doing .
  • RyanairIssue
    RyanairIssue Posts: 9 Forumite
    That's extremely clever and I think the best way forward! Hopefully by Monday anyway the pound might recover a bit more once people realise brexit isn't the end of the world.
  • poppy12345
    poppy12345 Posts: 18,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    RyanairIssue wrote: »
    So I messed up I was so certain of a remain victory I held off getting my Turkish Lira and visa until after the pound recovered. I know it wasn't the brightest and I also know that some people will tell me that I should just get the money now as we've no way of knowing the conversion rate. But I've got two weeks until our trip and we're going for quite awhile so going to convert about a grand so it'd help to get the best possible rate.

    So should I wait as surely the pound has got to recover shortly? Or just bite the bullet and accept I got a worse rae because I was certain we'd stay? Thanks!
    With the Turkish Lira in the past i've always got a better rate out there. Just change a little now and rest when there.
  • RyanairIssue
    RyanairIssue Posts: 9 Forumite
    poppy12345 wrote: »
    With the Turkish Lira in the past i've always got a better rate out there. Just change a little now and rest when there.

    That's even better! We're starting in Istanbul do you have any suggestions for converting currency there?
  • poppy12345
    poppy12345 Posts: 18,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    RyanairIssue wrote: »
    That's even better! We're starting in Istanbul do you have any suggestions for converting currency there?
    I've never been to that part, but i would think most places would give about the same rate. Restaurants, shops lots of places to choose from.
  • gettingtheresometime
    gettingtheresometime Posts: 6,911 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    Isn't euros & sterling accepted in Turkey?
  • meer53
    meer53 Posts: 10,217 Forumite
    Tenth Anniversary 10,000 Posts Combo Breaker
    I take enough for the first day then draw out from the ATM what i need in Lira. Usually get a much better rate there than here.
  • benjus
    benjus Posts: 5,433 Forumite
    Part of the Furniture 1,000 Posts
    The standard advice for almost all countries is to get a fee-free card (e.g. Halifax Clarity) and withdraw money from ATMs when you arrive.
    Let's settle this like gentlemen: armed with heavy sticks
    On a rotating plate, with spikes like Flash Gordon
    And you're Peter Duncan; I gave you fair warning
  • PompeyPete
    PompeyPete Posts: 7,126 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    gettingtheresometime wrote: »
    Isn't euros & sterling accepted in Turkey?

    Yep, money is money.

    But you'll always get a better deal by paying in Turkish Lira.
  • poppy12345
    poppy12345 Posts: 18,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    gettingtheresometime wrote: »
    Isn't euros & sterling accepted in Turkey?
    Always best to use Turkish Lira, it's Turkey after all :)
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