Will Turkish Lira grow or crash?
It is difficult to predict the future growth of the Turkish Lira or any other currency. The value of a currency can be influenced by a variety of factors such as economic growth, interest rates, inflation, and political stability. In the case of Turkey, the country has been facing a high inflation rate and a large current account deficit, which have put pressure on the Lira in recent years. Also, political instability and uncertainty have also been a major concern for the country.
It's important to note that currency value can be a complex and dynamic subject that depends on various internal and external factors. It would be best to keep an eye on the economic and political situation of Turkey, and consult with a financial advisor if you want to make investment decisions.
#Gold In Turkish Lira pic.twitter.com/V1660bXuHU— Northstar (@NorthstarCharts) January 25, 2023
Turkish Lira per US Dollar
Five years ago: 2.7
Three years ago: 5.9
One year ago: 11.2