Economic giants announce their Dollar/TL forecasts
As the volatile trend in the Dollar/TL exchange rate continues, the year-end expectations of 7 institutions have drawn attention. The dollar/TL expectations of these economic giants range between 32.5 and 37 TL.
12punto
This week, the US dollar lost 0.27 percent in value, falling to 32.9680 liras. While the dollar exchange rate has been moving within a narrow band for a long time, year-end forecasts have also been updated.
The Central Bank of the Republic of Turkey's (TCMB) year-end dollar/TL forecast fell from 37.7463 to 37.3667 TL. The 12-month dollar/TL expectation, on the other hand, rose from 41.4115 to 41.5175.
Meanwhile, the year-end dollar/TL forecasts of some financial institutions have also been updated. Among the 7 institutions, the most optimistic forecast was 32.5 TL. The highest dollar exchange rate expectation was recorded at 37 TL.
Here are the dollar/TL forecasts of the institutions:
HSBC
Year-end forecast: 36 TL
FITCH
Year-end forecast: 36 TL
DEUTSCHE BANK
Year-end forecast: 37 TL
BNP PARIBAS
Year-end forecast: 36 TL
COMMERZBANK
Year-end forecast: 35 TL
MORGAN STANLEY
Year-end forecast: 36 TL
WELLS FARGO
Year-end forecast: 32.5 TL.