KSZTAŁTOWANIE SIĘ KURSU LIRY TURECKIEJ WOBEC PODSTAWOWYCH WALUT ŚWIATOWYCH
THE BEHAVIOR OF TURKISH LIRA EXCHANGE RATES

Summary/Abstract: The volatility of the exchange rates is the subject of intensive research, however, the research of mutual influence of exchange rates are taken very rarely. On the other hand, is assumed the existence the convergence of smaller currencies. The Turkish economy is developing dynamically. Turkish Lira is currently stable, the its exchange rates are a good laboratory for study the impact of dominant currency (euro). The subject of the paper is the verification of hypothesis that exchange rate of Turkish lira to main currencies are determined by the exchange rate of this currency to the euro.

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