TL positively differentiated! Here is the last situation in dollars
The dollar / TL continues to decline, with the Central Bank's verbal communication that it will maintain its tight monetary policy for a long time and the locals' buying foreign currency stops. While TL differentiates positively from other developing countries' currencies, the dollar is changing hands from 7.07 as of February 9
With the statement that the Central Bank (CBRT) will keep the interest rates tight for a long time and add the unforeseen rate cuts for most of this year, the TL continues to gain in value.
With the rumors that there will be no early interest rate cut, 5-year CDSs, which stood at 570 at the beginning of November, fell below 300 basis points.
After breaking the 200-day moving average two weeks ago, the dollar / TL gained about 3.5% against the dollar last week, showing the best performance among the currencies of the developing countries.
On the morning of February 9, the dollar / TL changes hands from 7.07. Euro 8.54, gram gold costs 418 TL.