The dollar continues to gain value in global markets due to expectations that the US Federal Reserve (FED) will continue its interest rate reduction policies. In Turkey, the dollar/TL exchange rate has been on a significant upward trend since the beginning of 2024. Analysts state that factors such as high inflation rates in Turkey and increasing external debt payments are putting upward pressure on the dollar exchange rate.
HOW MUCH IS 1 DOLLAR ON AUGUST 13?
As of 08:30, USD/TRY started to be traded at 33.4757 (buy) and 33.5816 (sell).
LATEST SITUATION IN EURO
The Euro has been on a volatile course, particularly due to the energy crisis in Europe, Germany’s economic stagnation and the monetary policies of the European Central Bank (ECB). In Turkey, the Euro/TL exchange rate has occasionally moved parallel to the dollar, but the weakening of the European economy has made the Euro more fragile.
HOW MANY TL IS 1 EURO?
The Euro started the morning of Tuesday, August 13th at 36.7445 TL.
