Forex - Dollar near 13-Month Highs, Turkish Lira Rallies

The strength of the US Dollar and higher oil prices are additional worries even though, as the chart above shows, USDTRY has now been overbought judging by the day relative strength index, or RSI, which is now well above the 70 level. OctaFX provides forex brokerage services to its clients in over countries of the world. OctaFX uses the most up-to-date technology and knowledge to make your forex trading We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Danish krone currency Denmark Bank Notes. Load Sign up and your WeSwap card will be with you in working days. Brunei dollar currency Brunei Bank Notes.

Currency converter to convert from Turkish Lira (TRY) to Swedish Krona (SEK) including the latest exchange rates, a chart showing the exchange rate history for the last days and information about the currencies. Convert Turkish Lira to Swedish Krona (TRY to SEK) Currency Converter;.

Turkish Lira(TRY) To Swedish Krona(SEK) History Currency Exchange

The rising oil prices might have contributed to the rising USD. So, despite the Turkish Lira being one of the largest fallers among key emerging market currencies, it is not in a league of its own. Turkey was in the 17h largest economy in the world, larger than the Netherlands and Switzerland.

This level, although not healthy, is not an outlier. The weakening Lira should actually be good news for the Turkish economy. It is a key factor to help the country narrow its current account deficit by increasing the competitiveness of exports of goods and services, while making imports less competitive. Turkey is ranked 16th in the world in terms of manufacturing output, ahead of Poland, Switzerland and the Netherlands, and with manufacturing output per head higher than China, eight times that of India, and more than double Brazil.

The budget deficit, accordingly, is also a small at 1. Current account deficit is slightly lower than Turkey's at 4. If Turkey exploits to its benefit the currency weaknesses, it is likely to emerge stronger from the currency turmoil. I wrote this article myself, and it expresses my own opinions.

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The Swedish Krona is the currency in Sweden (SE, SWE). The Turkish Lira is the currency in Turkey (TR, TUR), and Northern Cyprus. The Swedish Krona is also known as Kronas. The Turkish Lira is also known as the Yeni Turk Lirasi. The symbol for SEK can be written kr, Sk, and Skr. The symbol for TRY can be written YTL. The Swedish . By viewing the currency pairs exchange rate history graph (different periods for selecting), you can get more previous performance about the two currencies. Do you want to INVERT the two currencies? Visit Swedish Krona(SEK) to Turkish Lira(TRY). Click on the following link if you want to reverse the Turkish lira to Swedish krona conversion. You can go back to the home page of the currency converter. The Swedish Krona is the currency of Sweden. The Turkish Lira is the money of Turkey. The code of Swedish krona is SEK, TRY is the ISO code of Turkish lira.