Dollar / TL Rate Starts New Day With An Increase

Dollar / TL Rate Starts New Day With An Increase Dollar / TL exchange rate starts the new day with an increase. The stock market started to decline after a positive start on Thursday. The dollar / TL exchange rate, which completed Wednesday at the level of 7.9105. The currency traded at 7.9250, with an increase of 0.18 percent at 10:00. Euro / TL exchanged from 9.3122 with 0.19 percent gain. The currency basket was recorded as 8.6185. The Dollar / TL rate set a new record yesterday with 7.9586. The one-year transaction range in the USD / TL exchange rate is between 7.9586 and 5.6855. The one-month daily moving average is 7.6805, the 50-day moving average is 7.5451 and the 100-day moving average is 7.2037. While the currency's historical volatility for three months is at 11.80 percent, its implied volatility for 3 months is hovering at 19.84 percent. The Bloomberg Dollar Spot Index (BBDXY), which measures the value of the US dollar against G - 10 coins, gained 0.21 percent and reached 1,168.79 points. Turkey’s 2 year maturity Treasury bond compound yield stayed at 13.62 percent level. The 10-year yield remained stable at 13.21 percent. 10-year eurobond interest rose from 6.75 percent to 6.81 percent. The 5-year loan default swap (CDS) premium rose from 515.3 basis points to 525.7 basis points. Borsa Istanbul BIST 100 Index started Thursday at 1.187 points with a 0.14 percent loss in value. Afterwards, the indicator index turned its direction down. Articles by IIF economists on October 14 states, " If the global risk appetite for emerging markets worsens, entire CEEMEA region is adversely affected, albeit at different rates. With relatively low foreign exchange reserves and current account deficit, Turkey stands out as the most sensitive markets."