I'm having to look into this too! We've always used our Nationwide flexaccount card to draw from ATM in Turkey as it was free, and that also gave the best exchange rate. But this year they've started charging (like most cards do) a fixed fee per transaction plus a % for the exchange.
You usually get the best exchange rate in Turkey. But make sure it's commission free, (and watch out for touristy exchange booths trying to rip you off!) Apparently the PTT (Turkish post office) has a good rate at the moment, don't know about the banks.
As you're only going for 4 days, you won't be losing much on the exchange rate by changing it here. Plus no hassle of finding best place to exchange it over there, queuing in the banks, finding someone who speaks English etc. Just shop around for best rate (which of course changes daily). You can compare travel money exchange rates online (eg Post Office, Thomas Cook, whatever travel agents you have in your high street, etc) sometimes you get a better deal if you order your currency online. Yeah I'd check with the Turkish bank in Lewisham, sounds a good idea.
Some places in Turkey will accept sterling, and you'd be able to exchange some at bank or PTT if you didn't take enough lira. Also credit cards / visa debit cards are accepted many places, but of course you pay whatever fee your bank charges you & sometimes a commissison fee over there.
Carrying round 250YTL takes the same space in your purse as carrying round £250
The denominations are similar to ours: lira notes of 5,10,20,50,100, 1 lira coin, and the kurus small coins 1,5,10,25,50.
Sorry, I have no idea how much lira you'll need! cos I've no idea what you want to buy or where/what you'll be eating! Do you need to pay entrance fees eg for Topkapi Palace or wherever? I think seeing whirling dervishes can be expensive - but wonderful!!
It's a long time since I've been to Istanbul so not sure of their prices, it will be more expensive than where we go. Generally eating out is cheaper than here (you can have a good meal for less than £10 where we go), alcohol is expensive. Cup of coffee around £1.50, turkish tea is very cheap.
Take maybe 25% less lira than you would for a UK 4-day break and take some sterling as back-up?
You'll need a £10 note for visa on entry. (they won't accept 2x£5)
PS re
Quote:
I read that £100 = 246.784 Turkish Lira
Before they changed to NEW Turkish lira, eg in 2004 the exchange rate was 2,500,000 = £1. When we exchanged £200 we had
500 million lira!!!
sorry I've waffled on, hope it helps!