The Dollar and Euro Started the Day Higher.
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The dollar is trading at 49.1798 Turkish lira and the euro at 55.1543 Turkish lira on the second trading day of the week (as of 09:30). All the details you need to know about the real-time dollar/euro transactions in the free foreign exchange markets are here; answers to questions such as "How much is the dollar in TL?", "How much is the euro selling for?", and "What are the dollar/euro exchange rates today?" are in our news report...
In the Istanbul free market, the dollar started the day at 49.1780 Turkish lira and the euro at 55.1920 Turkish lira. Yesterday, the selling price of the dollar was 49.1590 lira and the selling price of the euro was 55.0560 lira.
The dollar/TL started Tuesday at 49.17 TL, while the euro started at 55.20 TL... September inflation came in below expectations. This development supported the markets and is said to have opened up room for the Central Bank of Turkey (TCMB) to cut interest rates at its meeting on October 22nd.
The pause in the dollar index in global markets shifted the balance in the foreign exchange market. Despite the Central Bank's actions, the dollar continued its rise, reaching 49.18 TL. The euro climbed to 55.21 TL, and the pound sterling to 65.05 TL.
OCTOBER 6TH EXCHANGE RATES: Volatility continues in exchange rates. Today, the dollar is trading at 49.18 TL and the euro at 55.23 TL. Here are the current exchange rates and the latest market situation…
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