Question 1

Why has Turkish lira fallen so much?

Accepted Answer

High inflation, unconventional monetary policy, and political concerns have weakened TRY.

Question 2

Is TRY a good investment?

Accepted Answer

Very risky. High interest rates attract some investors, but depreciation often exceeds yields.

Question 3

How often should I check exchange rates?

Accepted Answer

For large transactions, check rates multiple times per day as they fluctuate constantly. For small amounts, daily rates are usually sufficient.

Question 4

What affects currency conversion fees?

Accepted Answer

Banks typically add 2-4% markup on exchange rates. Credit cards may charge foreign transaction fees. Currency exchange services often have the worst rates.

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