Entries by Canberk Yalcin

ESG and Currency

Co-authored with Aaron Cantrell. This article first appeared on Responsible-Investor.com The advancement of ESG data access and analysis gives investors the chance to expand the scope of their sustainability objectives and investment programs, including in new asset classes. Record Currency Management has been building the research and investment infrastructure for ESG integration in currency. The …read more

Swedish Krona Outlook

The Swedish krona had a tough start to the year having depreciated over 5% against a basket of G4 currencies. This blog post outlines the outlook for the krona with an emphasis on its valuation versus G10 currencies, macroeconomic performance, external balances and the Riksbank’s policy trajectory. Potential upside and downside risks are inspected in …read more

Insights from Central Banks’ FX Turnover Data

FX turnover data, published by the central banks of six main FX jurisdictions, provides useful information on the size and the structure of FX activity. The size of the FX market increased by 11% compared to the previous year. NDFs (non-deliverable forwards) appeared to gain in popularity amongst FX market participants. The US dollar continues …read more

Turkey’s Currency Crisis Series: Part two (of two) – What next for the Turkish lira?

Previous EM currency sell-offs of similar magnitudes often yielded high currency returns in subsequent years. Based on valuations, historical data from previous sell-off episodes and the economic rebalancing that is taking place; current exchange rate levels suggest attractive return expectations for long-term TRY (Turkish lira) currency investments. Elevated rates of inflation and the external debt …read more