The exchange rates of the dollar and the euro are among the subjects of interest on the agenda. Especially recently, the dollar has been closely watched by investors. “How much is the dollar today, how much is the euro and the pound sterling and how much is the TL?” search for answers to questions. Here’s the latest live dollar price and exchange rate situation for April 1…
HOW MUCH IS THE DOLLAR TODAY? (APRIL 1ST)
The dollar/TL is trading at 14.69 after starting the day on the upside.
Moving in an uptrend, albeit limited, yesterday, Dollar/TL closed the day at 14.6745, 0.13% above the previous close.
After starting the new day with an upside, the dollar/TRY is trading at 14.6910 with an increase of 0.1% at 11:00 from yesterday’s close. In the same minutes, the Euro/TL is at 16.2550 and the GBP/TL is at 16.2730 levels.
The dollar index is currently at 98.5, an increase of 0.16% from the previous close. The euro/dollar parity, on the other hand, finds takers at 1.1060 with a drop of 0.1%.
Analysts noted that geopolitical risks and inflationary pressures have raised expectations that central banks will implement the process of tightening monetary policies more aggressively, and noted that the dollar has appreciated against others. currencies.
Highlighting that bond market volatility continues alongside these developments, analysts said the yield on US 10-year bonds rose above 2.40%.
Analysts said today Eurozone inflation and the US jobs report will be key to the direction of markets, and data from the Purchasing Managers’ Index (PMI ) of the manufacturing industry which will be announced in the world will also be followed.
Stating that national credit rating agency S&P is expected to announce Turkey’s credit rating assessment report after the markets close, analysts said the 97.5 level of the dollar index is technically a support and 99.2 is a resistance.
What is the exchange rate?
Exchange rate; It is expressed as a coefficient indicating the value of a country’s currency relative to the currencies of other countries. There are two options for transactions to be made with a foreign currency, which is one of the most used investment instruments in international trade, such as the buying rate and the selling rate.
How many exchange rate systems are there in Turkey?
Flexible market exchange rate: It is the name given to the system in which the Central Bank does not intervene and the exchange rate fluctuates freely.
Fixed exchange rate system: It is the system in which the Central Bank intervenes to maintain the equilibrium of the exchange rate.
Controlled exchange rate system: It is the name given to the exchange rate system in which the Central Bank operates to control the fluctuation of the exchange rate.
What are the types of exchange rates?
Nominal rate: It is the name given to the value of foreign currencies in relation to the national currency. It is a type of exchange rate that indicates the equality of 1 US dollar of another unit to a foreign currency.
Actual exchange rate: The real exchange rate is obtained by adjusting the nominal exchange rate within the inflation rate. For this reason, the value of the nominal exchange rate is directly related to the real exchange rate. In the event of an increase in the real exchange rate, the TL share in the USD/TL parity depreciates.
Exchange rate: It is the name given to the exchange rate of foreign currencies against another foreign currency. For example; When the person wants to buy euros with the dollar he has, the cross rate is in question.
Effective rate: The effective exchange rate is calculated by calculating the average of two exchange rates between them. Before trading in the cross currency, the value of the currency must be learned. For example; If the types of currencies to be exchanged are dollars and euros, it is necessary to know how much 1 dollar and 1 euro are worth.
What are the factors affecting the variation of the exchange rate?
Balance of payments: This is the name given to the register of economic transactions in the country. Payments imbalances can be eliminated by implementing active exchange rate policies. Changes in currency prices alter the balance of supply and demand. Differences in supply and demand also impact creditors and debtors.
Income level: When the average income of the country is higher than that of other countries; For each exchange rate, there is an increase in the country’s imports. While the supply remains unchanged, the exchange rate increases, causing the country’s currency to depreciate. Interest in imported goods increases, as the demands and tastes of people with rising incomes will begin to differ. This causes an increase in the demand for currencies as well as a change in the equilibrium rate.
Changes to the general price level: High inflation in the country makes products produced in the country more expensive than abroad. Consequently, the demand for imported goods increases and the country’s currency depreciates. Inflation and the value of money are inversely proportional.
Interest rate: When the real interest rate goes down, the country’s currency depreciates, and when the real interest rate goes up, its currency appreciates.
Capital movements: Capital movements are one of the most important factors in the evolution of the exchange rate in the short term.