Kibkom North Cyprus Forum

Reyntj wrote: ↑

Thu 02 Apr 2020 12:36 pm

More of a question of when than if . Will make calculations easier.

This article is a prediction by a japanese bank of $8 to 1 tl in a year.
https://ahval.me/turkish-lira/turkish-l ... rgest-bank

So if gbp usd was about the same that would equate to 10 tl to the pound..

I have seen other recent predictions of tl to $ falling ti 7.5 $ ti the tl in much shorter order.

Clearly given the history and the fact that turkey has already been in recession and depleted its fx reserves none of this will surprise most of us.. none of these predictions may be right but seem probable.

I did see some other stuff about erdogan asking Trump for an fx swap facility which may help that would likely require concessions such as sending the russian missile system packing.

Reyntj wrote: ↑

Thu 02 Apr 2020 11:00 pm

Seems like an echo

For those interested heres an article today by ahval . They do have a negative spin bias towards turkey think they are funded by U.A.E. And are exiled in turkey.

https://ahvalnews.com/turkey-coronaviru ... uch-longer

Its difficult to argue with what they are saying . All countries are under significant economic pressure im only singling out turkey currency as its relevant to living in trnc. It could depreciate rapidly from here. To me it feels like we have been in a 7 to 8 try /gbp trading range for a while and now its gone past 8 tl to the pound and with the virus now taking a hold in turkey really just this week it may go south.

Reyntj wrote: ↑

Thu 02 Apr 2020 12:36 pm

More of a question of when than if . Will make calculations easier.

This article is a prediction by a japanese bank of $8 to 1 tl in a year.
https://ahval.me/turkish-lira/turkish-l ... rgest-bank

So if gbp usd was about the same that would equate to 10 tl to the pound..

I have seen other recent predictions of tl to $ falling ti 7.5 $ ti the tl in much shorter order.

Clearly given the history and the fact that turkey has already been in recession and depleted its fx reserves none of this will surprise most of us.. none of these predictions may be right but seem probable.

I did see some other stuff abouterdogan asking Trump for an fx swap facility which may help that would likely require concessions such as sending the russian missile system packing.