Recentely, the Turkish lira has witnessed severe fluctuations. So investors are wondering about the best solution to invest in light of these fluctuations.
The first advice for the investor is to keep the money in USD or Euro instead of the Turkish lira, and this is for the funds in the banks. As for the money invested in real estate, it does not matter wether it is in Turkish lira or US dollars, as the investor benefits more in the case of a decrease in the value of the Turkish lira.
Despite the fact that inflation in the Turkish economy is one of the factors causing the depreciation of the Turkish lira, the Turkish economy has not been affected much by this inflation because it is strong and based on strong economic foundations, but the fluctuation of the Turkish lira makes the best solution for investors is to invest in itself instead of keeping the capitals while waiting for the Turkish lira to improve or decrease, thus ensuring the investor does not lose even if the value of the Turkish lira drops.
In case investor is residing in Turkey, he needs amounts in Turkish lira, and therefore it is preferable to leave an amount in Turkish lira and use the rest of the wealth either by investing or another stable currency.
Real estate investment is one of the investments that guarantees profit for the investor and without much fatigue. Therefore, investors are advised to invest in real estate with part of their money, as real estate investment is better than keeping money in banks.
