The Rise of the Dollar

The current account deficit occurs when the amount a country pays for imported services and goods exceeds the value of goods and services it exports. A current account deficit in a country means an increase in the exchange rate. This is the main reason for the rise of foreign currency. Among the secondary factors for the rise of foreign currency are; political instability, FED decisions, IMF, economic policies, tourism, and many other elements are effective. The main reason for the imbalance of the dollar in our country is the current account deficit. The dollar is constantly rising due to Turkey's external debt. Although the central bank occasionally injects dollars into the market to prevent the rise of the dollar exchange rate, this method is not sustainable due to insufficient reserves.

The Fall of the Dollar

If foreign currency enters the country, the exchange rate will fall. A decrease in the exchange rate increases the value of the national currency. Unfortunately, the Turkish lira has been losing its value against the dollar for a long time. No matter how many measures are taken, the rise of the dollar cannot be completely stopped. An important factor that causes the dollar to fall is tourists. Tourists are one of the important sources of income that provide dollars to the country. Following tourism revenues will make it easier to follow the increase and decrease of the dollar. You can get information about dollar values. These rises in the dollar also bring about sales in the stock market, namely the BIST-100 index, over time. Experts are taking measures by pulling interest rates and the dollar index to critical support levels. The situation between the dollar and the stock market affects each other in the long term due to the causality relationship. You can visit the relevant web pages on the internet to access daily exchange rates instantly.