turkish lira infographic

Turkish Lira has lost more than 40 percent of its value against the US dollar this year, raising concerns that Turkey's economy, heavily reliant on foreign currency loans, could have a negative impact on other emerging markets. Turkey's currency has been under pressure due to rising diplomatic tensions with the US, President Erdogan's control...

2018-08-17 Orbex Read more
forex TRY

In the latest “flash-crash” episode for the market, the Turkish Lira suffered a sharp and sudden fall overnight plunging around 13% against the US Dollar. TRY has been under increasing pressure this year as a stronger US Dollar and domestic economic concerns have weighed on prices, with the CBRT seemingly unable to stop the declines with their p...

2018-08-10 James Harte Read more
erdogan

In the first dual parliamentary and presidential elections to be held in Turkey, President Recep Tayyip Erdogan won the opportunity to remain in power. The elections had been due to take place November 2019 but the president announced in late April that he was bringing them forward. In line with the constitutional changes implemented in response...

2018-06-28 James Harte Read more
TRY Craters Despite CBRT Rate Hike

CBRT Lifts Rates 0.75% As downward pressures on price has continued over recent months, Turkey’s central bank today took action to address the situation by lifting its headline interest. While a rate was widely signalled at today’s meeting, in line with central bank commentary and the wider industry view on the Turkish economy, the CBRT took th...

2018-04-25 James Harte Read more
Turkey_Stock exchange_2606

There are many reports have been hovering around Turkey’s economic situation, whether before the failed coup or even after the coup. Many are saying that the economy is in a state of crisis. Yet, there are evident signs of stabilization. Crashing Currency One of the main things that everyone is talking about is the Turkish Lira, which lost ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Erdogan_Turkish referendum_1304

Recep Tayyip Erdoğan, President of Turkey Focus Shifts Away from Europe & US While focus over the last year has mainly been on political events happening in Europe and America, there are important political events happening elsewhere that also require investor attention. One such event is the upcoming constitutional reform referendum b...

2017-04-13 James Harte Read more
CBRT_TRY_volatility

Pressure Builds On TRY The Turkish Lira (TRY) has been one of the worst-performing Emerging Market currencies over the last several months, even underperforming the Mexican Peso. Given the level of the decline, the market is increasingly expecting the Central Bank of the Republic of Turkey (CBRT) action, leading to a potential reversal in TRY d...

2017-01-24 James Harte Read more
TRY depreciation_1201

Significant TRY Depreciation The Turkish Lira has weakened dramatically over the last few weeks moving over 8% lower against the US Dollar over the last month. TRY has been deteriorating over the last few months, however, even by historical standards the recent moves are large and also concerning because they are occurring whilst: Domest...

2017-01-12 James Harte Read more