To answer the question briefly: yes. But this is nothing new. The value of a country's fiat currency is basically influenced by three factors: the strength of the domestic economy, the amount of money in circulation, and the demand for that currency.
If one or more of these factors are bad then the currency loses value and becomes weak. This can be seen very well in Turkey at the moment. The economy is stumbling, and a lot of cheap money is being printed, which is currently pushing inflation up to 20+%. This also reduces demand, because no one wants a weak currency with high inflation. Many bring their money in Turkish currency in safety, and exchange it into the USD, the Euro, gold or Bitcoin.