In developing countries, currency crises have become a significant threat. The purpose of the paper is 
 to examine the volatility of stock prices during the two recent currency crises in Turkey. The selected 
 companies are the 15 Turkish energy companies listed on the stock exchange.In an atmosphere where 
 economic uncertainties are growing as a result of globalisation; the exchange rate is one of the most 
 critical measures and costs. The aim of this study is to reveal its impact on stock prices of Turkish energy 
 companies. The period of the study covers 12 quarterly periods between 31.03.2018 and 31.12.2020.A 
 multiple regression model was used to investigate the impact of currency fluctuation on the stock prices of 
 energy companies operating in Turkey. Our empirical findings show that during the financial crisis, there was no significant relationship between 
 stock prices and currency rates.