Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Turkish Lira Rises for a Third Day, Rebounds From Record Low

Jan. 2 (Bloomberg) -- The Turkish lira strengthened for a third day after it depreciated to a record low of 1.9224 per dollar last week.

The lira rose 0.4 percent to 1.8833 per dollar at 8:49 a.m. in Istanbul after weakening 17.7 percent last year in the worst performance among emerging market currencies tracked by Bloomberg.

The central bank sold dollars directly on the market Dec. 30 after seeing "unhealthy price formations," it said in an e-mailed statement that day.

To contact the reporter on this story: Selcuk Gokoluk in Istanbul at sgokoluk@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.