Developing Country Currencies Are Rising Except TL

Developing country currencies started to rise in transactions on Tuesday. On the other hand, the Turkish Lira decomposed negatively.

Developing country currencies are rising, except TL. The Turkish Lira diverged negatively against the US dollar, while the majority of the currencies of the developing countries were on the rise in Tuesday's transactions. After starting the week at 8.45 level, the USD/TL exchange rate was dropped to 8.30. The exchange rate, which increased again in Tuesday's transactions, is trading at around 8.33. While the currencies of the developing countries were on the rise on Tuesday, the only depreciation was the Turkish Lira. The TL, which lost 0.31 percent against the US dollar on Monday, fell by 2 percent last week. After the 10-year US Treasury bond interest started the week at 1.61 percent, it was at 1.64 percent in transactions on Tuesday. The Bloomberg Dollar Spot Index climbed around 1,122 on Monday and retreated to 1,115.

Short Term External Debt Stock Decreases After Record

According to the data announced by the Central Bank of the Republic of Turkey (CBRT), as of the end of March 2021, the short-term external debt stock according to the remaining maturity calculated using external debt data with 1 year or less to maturity, regardless of the original maturity, is at USD 185.6 billion. took place. As of the end of March 2021, the currency composition of the short-term external debt stock consisted of 45.6 percent US dollar, 27.3 percent Euro, 12.4 percent TL and 14.7 percent other foreign currency types.