The Turkish Lira has been through some tough times recently and now the British Pound buys more of them than it ever has; and that’s good news for tourists coming on holiday to Turkey in 2014.

British holidaymakers planning to visit the popular Turkish holiday resorts of Fethiye, Oludeniz, Bodrum and Marmaris could find their holiday spending goes much, much further in 2014.

On Wednesday the Turkish Lira hit an all time low against major currencies including the British Pound. On that day the pound bought 3.60 TL. This time last year the Pound bought 2.90 TL.

If the current situation continues your British Pound could give you much more holiday bang for your buck, even after increases in sin taxes on alcohol that came into force on 1st January this year, and general inflation.

Here are few examples of holiday savings:

A beer is now under the £2 level again after inflation and taxes bumped it up too. A 7 TL beer would have cost £2.41 last year but now the same beer would cost £1.94.

A meal for 2 that cost 60 TL would have exchanged to £20.68. That same meal would now cost £16.66 a saving of £4.02.

Smokers save too with a 9.00 TL packet of 20 now costing £3.10.

These are just some common examples. But maybe another way to look at how far your cash could go is if you look at the savings on an average holiday spend.

If, for example, a family spent £1,000 whilst on holiday, the current exchange rate would mean they would get a whopping £195 or 700 TL more to spend than last year.

Now that’s a winning combination and another good reason to come on a Turkish holiday to one of the popular resorts of Fethiye, Oludeniz, Calis, Hisaronu or Ovacik or other parts of Turkey this year.

Note: Exchange rates quotes are interbank rates and not those that you can obtain when changing cash. Always shop around for best exchange rates and keep an eye on commission charges.

4 COMMENTS

  1. This is good news, but I have friends who have advised they are unable to find anyone selling Turkish Lira. Any advice?

    • If you are in the UK then try the Post Office or any of the high street banks. Or, wait until you get to Turkey and change currency at your resort where you will often get a better exchange rate than the UK.

  2. hi there I am told that they now prefer the euro, is this true and would I be best to get lira or euros at the minute?
    thanks viv

LEAVE A REPLY