Friends, the news is incredible! The Euro/TL hit 30 yesterday, and the Dollar soared past 28 📈. I’m joking about ABC’s headline, but the numbers don’t lie. With the CBRT’s latest moves and inflation pressure, the market’s really blowing past everyone. What do you all think? Is there any hope left for the TL, or are we just waiting for the classic “the lower it goes, the better”? 🤔 What are you expecting next week?
Euro/TL just hit 30, bro, what are you doing? 😱
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Last week I thought I’d dabble in forex and bought 2–3 k euros. When I converted back to TL I saw it had slipped to 30, and honestly I lost about 20 % of my money right then. Like the rest of us, I’m wondering “what now?” – we’ll have to see what the Central Bank of Turkey decides. By the way, I haven’t sold yet; I’m waiting.