I'll give you 2019's big pump. Today USD/TRY is 5,2721. In 2019 Q1 we will see 6.55+ and it will touch 10,00 in 2019.
It is ok. 3 years later, but ok
Topic: 2019 USD/TRY (Read 365 times)
It is ok. 3 years later, but ok
yeah but i dont think it is useful for the people except turkish. i mean what a foreigner can use this information. they already don't have any try with them so they can not sell and exchange them to usd
People can swap and short TRY. In 31 March, Turkish goverment uprised the forward rates up to 1500% to block swaps. They will do it again soon. The US will impose sanctions on Turkey because of S400 weapons.
I'm sure that the relationship between the two countries has an effect on the prices of their currency.
Just like in crypto, there are also speculations but the volatility is still unpredictable.
Let's just see if TRY could really reach 10,00 this year.
Just like in crypto, there are also speculations but the volatility is still unpredictable.
Let's just see if TRY could really reach 10,00 this year.
It's still hard to believe in this kind of statement without further proof or evidence. The Turkish government is good at manipulating their currency and we can't question the increase. It's also volatile and changes are visible if we'll just monitor it well.
I'll give you 2019's big pump. Today USD/TRY is 5,2721. In 2019 Q1 we will see 6.55+ and it will touch 10,00 in 2019.
We are at 6.10 now
but which in my opinion can be used, but it is rather difficult to reach the price mentioned above
hopefully 2019 can be realized
Turkish goverment played very dangerous game. We saw price on 5.85 last days but then goverment uprise the forward rates up to 1500%. Yes you didnt read it wrong; 1500%
They wanted to block shorting USD/TRY. They did it because for local elections (which is today).
So maybe Turkish goverment won first round in the match. But won with shoting under the waist.
Foreign investors will pay this to the government. You will see.
They wanted to block shorting USD/TRY. They did it because for local elections (which is today).
So maybe Turkish goverment won first round in the match. But won with shoting under the waist.
Foreign investors will pay this to the government. You will see.
At this rate, it is not hard to see the TL/USD value you mentioned. Actually, we deserved that and we have no right to not utter a word. Yes, it is not difficult to see the values you specify, but in my opinion, it will not touch to 10, the dollar will be equal to a maximum of 8.50 Turkish liras.
01.01.2019 we started with 5.27 and today (03.01.2019 ) at midnight we saw 5.70 now its 5.45! What a volatility...
I really don't thin such thing will happen again, unless relationships between the tow countries goes bad, it is true that during the last few months the Lira really saw some big hits to its price but during this month it really started seeing some improvements, and for i what i have been seeing from the news the political relations between the tow countries are defiantly improving.
of course, with increasing relations of improvement between countries, the economy can massively return to normal. and there is no ego from a giant country. what is expected is indeed the economy of all developed countries together I'll give you 2019's big pump. Today USD/TRY is 5,2721. In 2019 Q1 we will see 6.55+ and it will touch 10,00 in 2019.
and how would you do that? can you move bitcoin market price or pump up it up in that market price you have stated? You have to make some proof so that we can believe on your claim OP. I really don't thin such thing will happen again, unless relationships between the tow countries goes bad, it is true that during the last few months the Lira really saw some big hits to its price but during this month it really started seeing some improvements, and for i what i have been seeing from the news the political relations between the tow countries are defiantly improving.
This is not about USA-TURKEY. It's not about USD rise. This is just about Turkey. And TRY will down against all.
I really don't thin such thing will happen again, unless relationships between the tow countries goes bad, it is true that during the last few months the Lira really saw some big hits to its price but during this month it really started seeing some improvements, and for i what i have been seeing from the news the political relations between the tow countries are defiantly improving.
interesting to follow, I will monitor the price of TRY, even though this is not crypto and I will be there during 2019 Q1.
What makes you think that the lira will perform so badly against the dollar? For the latter parts of 2018 the value of the lira has been increasing despite it falling at a rate of around 100% per year over recent years.
We don't produce anything. Our interest rate is %25. We don't have money anymore. Goverment pressure foreign currencies for local elections (31 March 2019).
Trump and Erdogan are warming up their relationships.I think that they will sign a secret deal about the kurds in Syria.This will stabilize the turkish lira.By the way,I don't think that the "Economics" sub-forum is related to fiat currency market discussions.Post this topic is another forum. 
They don't have secret deal. It is just a trap.
And can you at least share what your forecast is based on? Well, just follow your advice would be stupid, not understanding what your conclusions are based on, and how true your information is. The prerequisites for the devaluation of the lira are indeed more than for strengthening, but I would still like to get some explanations from you. I do not claim that you are mistaken or not, but I blindly followed other people's advice a long time ago. The main prerequisite for the fall of the lira, I personally see the imminent global financial and economic crisis.
Cuz I live in Turkey and know whats going on reality. Goverment pressure foreign currencies for local elections (31 March 2019). You don't have to believe me. Watch Q1 it will be 6,51. Then maybe you will believe me that it will go 8+
And can you at least share what your forecast is based on? Well, just follow your advice would be stupid, not understanding what your conclusions are based on, and how true your information is. The prerequisites for the devaluation of the lira are indeed more than for strengthening, but I would still like to get some explanations from you. I do not claim that you are mistaken or not, but I blindly followed other people's advice a long time ago. The main prerequisite for the fall of the lira, I personally see the imminent global financial and economic crisis.
Trump and Erdogan are warming up their relationships.I think that they will sign a secret deal about the kurds in Syria.This will stabilize the turkish lira.By the way,I don't think that the "Economics" sub-forum is related to fiat currency market discussions.Post this topic is another forum.
What makes you think that the lira will perform so badly against the dollar? For the latter parts of 2018 the value of the lira has been increasing despite it falling at a rate of around 100% per year over recent years.
I'll give you 2019's big pump. Today USD/TRY is 5,2721. In 2019 Q1 we will see 6.55+ and it will touch 10,00 in 2019.
If Turkey start a mass war campaign to fight Kurds in Syria, it;s very likely to see TRY on 7+ in Q1.
Still, its very risky move to me and I will keep it in my paper speculation list.
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