Monday, October 25, 2021

Turkish Lira

 For anyone who follows currencies.....you could have gone back to mid-November 2007, and a US dollar would have bought you .85 Turkish Lira.  

Draw the trend line since 2007?

There's a marginal downward trend to around 2011, then a steady drop after that.  In the last couple of days....you could buy 10 Turkish Lira for one dollar.  

All this diplomatic chaos in the past month....hurting the Lira even more?  Well....you could make that case, but you could say the path for the Lira has never been positive while Erdogan has been in office.  

The full-up complete McDonalds 'big' combo meal?  Currently in Istanbul....if you did the currency game....it's around $3.40.

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