Turkey is in the throes of a currency crisis. The lira has lost more than 40 percent of its value against the United States dollar last year, making it the worst-performing of all emerging market currencies.

This market will resolve to “Yes” if the dollar price / exchange rate of one Turkish Lira (TRY) falls below $0.0500 at any time before the resolution time of December 31 2022, 11:59:59 PM ET, and “No” otherwise. 

The resolution source for this market will be foreign exchange platform XE: https://www.xe.com/currencycharts/?from=TRY&to=USD

This market will resolve on midmarket prices with a 10-min resolution, however the "low" price for the time period of this market (January 20 2022 - January 1 2023) will be sufficient.

Will Turkish Lira (TRY) price fall below $0.05 by the end of 2022?

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