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So thats over 200% a year???? That can't be right! Turkish inflation used to be crazy, but I don't think it's that high.
Sounds dodgy......remember the old mantra - if it sounds too good to be true, it probably is.
How easy is it for a retail investor to do a TRY EUR hedged forward?
Which brokers would offer this option?
How easy is it for a retail investor to do a TRY EUR hedged forward?
Which brokers would offer this option?
So it all a gamble, based on the assumption that it will move to a 'favourable rate'. What happens if it never hits that 'favourable rate'?HI
and due to the Turkish currency is very unstable he converts sterling into Turkish Lira and leaves it receiving 10% a year and when the currency moves back to a favorable rate he moves it back into his own currency.
And what happens if it keeps moving in the wrong direction?you are receiving 10% interest and if you are able to leave it there until the market moves in the right direction, but if doesn't move all the way to your desire rate you would lose a fraction of your profit but due to the interest you are more likely to be within in a profit.
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