Recently, the Turkish lira has repeatedly set record lows. On the evening of June 1, after Turkish President Erdogan called for a rate cut, the lira fell sharply to a record low, at 8.77 lira to 1 U.S. dollar.
In recent years, Turkey's political situation has been unstable and its economic development has been affected. At the same time, affected by the deterioration of Turkish-U.S. relations, the exchange rate crisis in Turkey, and the outbreak of the new crown epidemic, the exchange rate of the Turkish lira against the U.S. dollar has depreciated by more than 50% compared with the beginning of 2018.
The above situation is very good for exports, what are the business
opportunities. But it is not good for imports how to adjust your risk management