The Turkish Lira has regularly depreciated against major currencies such as the Euro and the Dollar over the last decade. However, this trend has clearly picked up in recent months. During the decade, the USD / TRY and EUR / TRY exchange rates increased [...]

It was hot in the currency market. Only today we have a panic sell-off of the Turkish lira, the Hungarian forint is record weak and the Polish zloty continues to weaken under the pressure of supply. This is certainly not the end of emotions for these and [...]

The current week has started with a bang. We are witnessing a pogrom on the Turkish lira after the Turkish president dismissed the head of the central bank shortly after an interest rate hike from 17% to 19% and replaced him with a critic of high rates. 

26 August. 2019 so-called currency market flash crash on the Turkish lyre. On this day, EUR / TRY quickly broke by around 10%. As a result of this event, a conflict arose between the House [...]