Economy in Turkey: New Historical Peak for Euro, 1 Dollar = 28.64 TL

During the opening hours of the Turkish markets, the dollar price rose to 28.64 TL, reaching a new peak while the markets were open. Meanwhile, the euro prices gained value, breaking its new record with the support of the Euro/dollar parity.

New historical peak for Euro

While the dollar prices were at 28.5531 TL at the closing time of the Turkish markets yesterday, they started the new day at 28.6073 TL. The exchange rate rose to 28.6420 TL after the opening, reaching its highest level while the markets were open. By the closing time of the Turkish markets at 17:30, the dollar moved at 28.6220 TL with a 0.11% increase.

At the same time, the dollar climbed up to 28.7070 TL in the international markets while the Turkish markets were closed today; it had reached a record level of 28.73 in the shallow market on November 10.

Historical record for Euro

Following the lower-than-expected US inflation data, Euro prices tested a new historical record with the rise of the Euro/dollar parity. Euro, once again exceeding 31 TL, reached its peak at 31.0490 TL. Currently, Euro is trading at 31.0123 TL with a 1.28% increase. Meanwhile, the British pound is trading at 35.6832 TL.

The dollar index is currently at 104.56 with a 1.01% decrease, and the Euro/dollar parity is moving around 1.0829.

The compound interest rate of the 10-year benchmark bond is at 28.83%, and the compound interest rate of the 2-year benchmark bond is at 41.68%.