content tagged with loss of value

Ahead of Central Bank’s interest rate decision, USD exchange rate against lira on the rise

Ahead of Central Bank’s interest rate decision, USD exchange rate against lira on the rise

The exchange rate of the US dollar increased from 8.43 to 8.65 Turkish Lira last week. Ahead of the Monetary Policy Committee meeting, where it will be decided whether the policy rate will remain unchanged or not, the dollar saw 8.72 earlier today.

20 September 2021

Exchange Rate of US Dollar Hits 6.39 TRY, Falls Back to 5.80

Exchange Rate of US Dollar Hits 6.39 TRY, Falls Back to 5.80

Shortly after transactions started in Asian markets earlier today, the exchange rate of US Dollar hit 6.39 Turkish Lira. After a value loss of over 15 percent, the exchange rate has fallen back to the level of 5.80 Lira.