Exchange rate between us dollar and turkish lira


In the October 23, 199, issue, The Economist reports that the interest rate per annum is 5.93 percent in the United States and 70.0 percent in Turkey. Why do you think the interest rate is so high in Turkey? On the basis of the reported interest rates, how would you predict the change of exchange rate between the U.S. dollar and the Turkish lira?

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Finance Basics: Exchange rate between us dollar and turkish lira
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