Currency Volatility Tracker

Turkish Lira Plunges to New Depths

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The Turkish lira, shown above, was the world's second most volatile in the third quarter falling 13.4% against the dollar.

A declining dollar, low crude oil prices and inflationary pressures from central bank stimulus actions send global currencies on different paths.

Aided by a weaker dollar, the values of the yen, euro, pound and yuan surged along with many other currencies across the globe in the third quarter of 2020, while inflationary pressure from central bank stimulus spending and stubbornly low oil prices sent the values of other currencies into a tailspin. The dollar declined 3.23%.

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