The Turkish Lira is cheap……says The Economist as it releases its annual Big Mac Index graphic. So what do you do you once you’ve sold your strong and powerful USD and Bought your Turkish Lira (TRY)?
Well, the Turkish Government 10 Year Bonds are yielding 10.8% or my preference would be to take a look at the Turkish Banks such Garanti, Yapi Kredi, Akbank, Is Bankasi or Halk.
Amongst the less riskier currencies, an upcoming post will feature my bullish stance of the GBP and JPY versus the USD.
p.s. see my disclaimers, do your own research or hire someone who knows, so that you don’t get hurt.