Turkish Lira - Crisis Or Opportunity? May 27, 2018 4:32 PM ET | Includes: TRYS Tarek El Sherbini
In the past few weeks, the Turkish Lira has been in the news frequently for its high volatility versus the USD. The Lira lost about 20% of its value to the USD from the beginning of this year, falling from 3.8 to the USD to 4.7 last Friday. Some commentators have been writing about all forms of doomsday scenarios; recession, capital controls, no more investors, etc. Some commentators were even comparing the Lira’s demise with that of the Argentine Peso.
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