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How to take advantage of falling Turkish Lira?
I started looking at booking a trip to Turkey given the news that the lira has fallen ~50% against the dollar this year. I figured things would be cheap for me, since I now get so many more lira for each dollar.
However, I checked Park Hyatt Instanbul, Turkish Airlines business class, and nothing appears to be terribly cheap. PH seems to be denominated in euros?
Anyways, this raises two questions:
– Specifically, how to maximize the falling lira to go ton a great vacationin turkey now
– Generally, what hotel, airlines, packages are priced on “foreign” money vs local money? In other words, will the Park Hyatt Istanbul always be, say 300 EUR regardless of what the lira is doing because it’s based on european demand? Trying to wrap my head around it.
I’d just assume hotels and airlines are adjusting prices quickly in response to the falling currency.
The Lira has been tanking since New Years, would not be surprised if most international chains have gone to the Euro by now.
Same with the Hyatt in Kiev, also sold in Euro at very high prices despite the local currency being weak.
James did have a post though it’s not directly related to your question: [URL]https://onemileatatime.com/turkish-currency-devaluation/[/URL]