The Turkish lira, which is subject to sharp fluctuations before the usual trading time, stabilized early on Friday following falling 4.25 percent to a record low of 19.80 once morest the dollar in the evening.
And by 04:39 GMT, the lira settled at 18.9575 once morest the US dollar, which is the same closing level as yesterday, Thursday.
During the night, the lira rose by regarding 5.3 percent to 18.0030, before changing its direction and retreating.
Economists are currently studying the impact of the strong earthquake that rocked Turkey last month.
The presidential and parliamentary elections scheduled for May 14 also add to the uncertainty.
The outcome of those elections will determine whether Turkey will continue or reverse the unconventional fiscal policies of President Recep Tayyip Erdogan.
The lira has largely stabilized since last August, thanks to the authorities’ heavy intervention in the foreign exchange market.
