| ceerhed15:33 UTC04 Jul 2007 | Hi all, Just wondering which currency is likely to get me the biggest bang for my buck. U.S.$ or Euros? It is currently cheaper for me to buy U.S. at the moment as my currency is nearly at par with the U.S. but Euros will cost me more. I will be buying either of them using Canadian currency.
Any of you "clever with conversion" travellers or locals have any smart ideas for me? Thanks in advance, Cee
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| kayakoyuwalker15:40 UTC04 Jul 2007 | Personally I wouldn't bother with either. You should be thinking of changing your Canadian Dollars straight into Turkish Lira. Then you won't have to pay 2 lots of commission. That's assuming you're coming to Turkey?
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| george516:16 UTC04 Jul 2007 | You might have some problems exchanging Canadian Dollars if you leave the major cities. If you're going off the beaten track a lot, I'd bring some Euros ur USD (doesn't matter which), but if you're sticking to Istanbul an the main tourist areas, I wouldn't bother exchanging my Canadian Dollar into Euros/USD at all.
George
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| andrewsmith17:22 UTC04 Jul 2007 | I use ATM's.
This "bang per buck" argument is the wrong way to think about this. If you change CAD into USD you get more USD than the number of EURs you'd get if you changed the same amount of CAD into EURs. This just reflects that 1 EUR is worh more than 1 USD. Guess what -in Turkey, they also know this fact, and you get more YTL for your 1 EUR than for 1 USD. So the number of YTL you get at the end is about the same, makes little difference whether you go via USD or YTL.
#1 is right, furthermore the spreads are much narrower in TR than in north america, so just bring CAD and change into YTL in Turkey, or, even better, use ATM's.
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