Exchange rates in TRNC remain stable on the free market
On the free market of the Turkish Republic of Northern Cyprus (TRNC), major foreign currencies are trading without significant changes today.
According to the latest data, the US dollar exchange rate is 45.20 Turkish liras, the euro is 52.95 Turkish liras, and the British pound is 61.15 Turkish liras.
Analysts note that no significant fluctuations in exchange rates have been recorded at the moment, indicating a temporary stabilization in the market after previous periods of volatility.
Experts attribute this dynamic to a relative balance of supply and demand for foreign currency, as well as the absence of sharp external economic factors in the short term.
Thus, as of today, it can be said that there are no changes in the exchange rate compared to recent values, while the overall sensitivity of the market to external economic and geopolitical events remains.
Author
Born in the city of shipbuilders, Mykolaiv (Ukraine). Currently living in Moscow. Diplomat in reserve. More than 10 years of experience in the Mediterranean region (Greece, Cyprus). Until 2015, First Secretary of the Russian Embassy in Cyprus. Fluent in Greek and English. Completed civil service in…
