Quantitative Analysis /
Turkey

Turkish lira hits fresh lows and is set to plunge further until mid-2022

  • Lira down 46% from the beginning of the year – assisted by a record fall of 28% in November

  • Real interest rates hit -6.3%, the lowest in over a decade

  • Hugely oversold conditions help lift TRY's 12-month forecast into the green

Turkish lira hits fresh lows and is set to plunge further until mid-2022
James Huckle
James Huckle

Quantitative Analyst

Tellimer Research
10 December 2021
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