Eight months ago, the TRY to USD was approximately 1.8:1. One of the tips I had read in an ESL Teacher Jobs forum was to ask that your contract/salary be in the form of your original country's currency--that as an American or Brit, your currency value would be much less volatile than that of a smaller, possibly more economically unstable country. While I took the "it never hurts to ask" approach, I realized afterwards how awkwardly I brought up the subject in my interview. The response was along the lines of: "Why would I pay you in American money? I don't have American money. You won't be living in America." Fair point. I was kindly told what the equivalent of my salary would be in USD (according to, at the time, current exchanges) to put my mind at ease. For 6 months I have been paid salary in Turkish Lira, and the exchange rate has now climbed to 2.28:1, thanks in part to political scandal, as well as perhaps a suffering diplomatic relationship between Turkey and the US. Thanks to this change, I now earn 22% less each month in American paper. The bright side is that my income/spending are on the same system, so relatively there hasn't been a change. When I return to the States, though, my savings will likely carry less value than they would have eight monts ago.
The real winner in this shift: hotels, tour companies, and other visitor services that list their prices in euros, despite the fact that in general euros aren't accepted in this country. A year ago, a 100 euro/night hotel room would have pocketed the innkeeper 235 lira. Tonight: 310 lira.
Hopefully the Turkish Lira return to its earlier value in the near future. Please.