Carry Trade is the one of the most stylish trading system.Example on 1 years :
UK interest rates = 0,74
Turkey interest rates = 23
If i lend money with GBP and if i invest in Turkey 2Y bonds my real income is :
23 - 0,74 = 22,26 (%) (yearly)
Because of i invested with hot money , Turkish lira will get high and i can buy more Pounds if i want to get...
The Turkish New Lira is the official currency of Turkey and Turkish Republic of Northern Cypress. The new Lira was introduced in 2005 after periods of high inflation devalued the old currency.
