Tag: Turkish lira

HP News
Turkish lira hits record low against the dollar

The Turkish lira has continued its downward slide this week, reaching a record-low against the dollar today. One US dollar is now worth 7.23 Turkish lira, with the currency losing 18% of its value to the dollar this year. The lira also fell against the pound and the euro. Today’s currency market shows £1 is […]

HP News
Interest rate hike stabilises tumbling Turkish lira

  After weeks of depreciation, the Turkish lira appears to have rallied back, closing at 4.66 against the US dollar on Monday. It follows Turkey’s central bank raising interest rates to try and prop up the embattled currency, which hit a record low of 4.9290 last week. Leading government officials also met with investors in […]