turkish lira rate...due to riots??

bigjuss


Joined: 09/09/2010
Posts: 221

Message Posted:
29/01/2011 17:02

fantastic time to cash in on the exchange rate,watching the money markets,i think theres a possibility of it rising again,we may see 3tl = £1.

in england at the moment,ive been studying the rate closely over the last week or so..

news hit our screens of the rioting and revolt in tunisia,the tl rate climbed a bit,

then came news of the unrest in egypt,rioting and talk of "revolution"the tl rate started climbing more rapidly.

then the news of the riots and violence in yemen.......again, the rate rose.

now news reports a possibility of political unrest in "arab" states.

geographically,the trnc and turkey,you could say,are both in an arabic area of the world and pretty close to the troubles.i think this is why international currency inverstors and money players are being put off buying lira,for the forseeable future.

does more rioting and troubled states mean a higher rate?

we will have to see.....................