Saoirse

Moderator
Watch The Lira Now
Living between both countries I have witnessed rapid change in pricing for the sort of things holidaymakers buy

Bottom line it WAS the case that less expensive meal prices but higher drinks prices in Turkey evened up the food plus meals situation

Alas meals are now often at least as expensive as Spain ( hard to generalise but using similar standard establishments) whilst the gap in booze prices continues to grow

Its interesting that your budget offsets itself to almost even if you are long term in Turkey as grocery prices are substantially cheaper ( solely because of exchange rate- how on earth locals survive is beyond me)- whereas holidaying here regularly using bars and restaurants for your trip you will most likely spend more than in Espana
 

Mushroom

Member
Watch The Lira Now
If you mean the Turkish Central bank, I always take in what they say, then read what the economists and Financial experts from external banks are saying. I always come to the same conclusion ..... The Turkish Central Bank tells a few porkies !!
If their forecast isn't good for the end of this year into next, what they are really saying is it is going to be grim.
 

enoch

Member
Watch The Lira Now
If you mean the Turkish Central bank, I always take in what they say, then read what the economists and Financial experts from external banks are saying. I always come to the same conclusion ..... The Turkish Central Bank tells a few porkies !!
If their forecast isn't good for the end of this year into next, what they are really saying is it is going to be grim.
Grim dollar could reach 8.95 by the end of the year and 9. 23 the following year Fich is saying the same.
 
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Camden

Member
Watch The Lira Now
It seems that the rise in the Lira is on the expectations of resolve in the Turk/US S400 Missile crisis with hopefully no sanctions from Biden on Turkey ...its reported it could so easily swing the other way with Turkish expectations squashed ...
 

yalimart

The Carnwath Massive
Watch The Lira Now
It seems that the rise in the Lira is on the expectations of resolve in the Turk/US S400 Missile crisis with hopefully no sanctions from Biden on Turkey ...its reported it could so easily swing the other way with Turkish expectations squashed ...
If only it was so simple Camden, what happens when the great leader takes his finger out of the Dyke, or more to the point puts it in.
My bride and her investment colleagues are expecting a major market correction soon, when, they don't know.
 

croftj

Nil Satis Nisi Optimum
Watch The Lira Now
Living between both countries I have witnessed rapid change in pricing for the sort of things holidaymakers buy

Bottom line it WAS the case that less expensive meal prices but higher drinks prices in Turkey evened up the food plus meals situation

Alas meals are now often at least as expensive as Spain ( hard to generalise but using similar standard establishments) whilst the gap in booze prices continues to grow

Its interesting that your budget offsets itself to almost even if you are long term in Turkey as grocery prices are substantially cheaper ( solely because of exchange rate- how on earth locals survive is beyond me)- whereas holidaying here regularly using bars and restaurants for your trip you will most likely spend more than in Espana
We are blessed and are able to spend roughly 9 months in Turkey and 3 in Spain. Prices have risen significantly in Turkey but this is countered by the exchange rate which we benefit from but unfortunately the locals don't

We still find the restaurant food prices far cheaper here in Turkey (Altinkum) than in Spain and you can still get a cheap draught beer for less than 20tl in the bars away from the sea front. Draught beer on the seafront is roughly 25tl but one of our favourite bars is 18tl and is virtually on the front. Bottled beer on the front is between 25tl-30tl and a bit more in the really trendy bars. A glass of wine is between 25-35tl

Supermarket beer/wine prices are far cheaper in Spain with a wider range of choice although Turkey is getting better. On balance we'd say Turkey is still cheaper but the gap is narrowing.

Altough there are virtually no Brit holidaymakers about, the seafront, beach, restaurants and bars on the front were very busy last night with Turkish holidaymakers and locals.
 

Camden

Member
Watch The Lira Now
Turkey’s lira declined the day after a meeting between President Recep Tayyip Erdoğan and U.S. President Joe Biden appeared to dash hopes that Turkey was prepared to relinquish S-400 air defence missiles purchased from Russia.

Speaking after the meeting at a NATO summit in Brussels, Erdoğan signalled that Turkey’s position had not changed on an impasse that has led to U.S. sanctions on its defence industry.

“We expressed the same thoughts on S-400s to president (Biden) as we had before and also expressed the same thoughts about F-35s," Erdoğan said, according to Turkey’s state-run Anadolu news agency.
 
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