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April 23, 2007


Turkish Lira — Steady Eddie for Now

Looking at a chart of the Istanbul Stock Exchange National 100 Index today reminded me of my old Mugabe posts.

XU100

The Index looks pretty good until you look at it together with the Turkish Lira chart.

TRY

Then when you pull it all together, adjusting for Lira devaluation, you can see that the run since 2002-2003 when the Lira stabilized has been darned impressive. Currency-adjusted price charts are key.

XU100 adjusted

Bloomberg has a great feature where you can currency-adjust any chart… see the drop-down menu in the upper-right-hand corner? Another reason why the terminal may be worth $1500 a month.

This entry was posted on Monday, April 23rd, 2007 at 10:09 pm (utc+8) and is filed under Currencies.

2 Responses to “Turkish Lira — Steady Eddie for Now”

  1. stevegee58 said:
    April 23rd, 2007 at 10:43 pm

    Yikes that’s sobering. And here I was thinking my retirement portfolio was finally back in the black since the market bubble pop…

  2. C. Maoxian said:
    April 23rd, 2007 at 10:49 pm

    steve: hang on, I had some funky data there and posted a bad chart (since killed). It’s late, I’m tired, and I’ll re-post it when I get things in order. ;-)

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