Turkey expects increase in US dollar in next months

High-level executives from Turkey's capital market institutions said that a significant number of participants expect an increase in the U.S dollar.

Turkey expects increase in US dollar in next months

 

A survey recently conducted among a group of high-level executives from Turkey's capital market institutions has revealed that a significant number of participants expect an increase in the U.S dollar in the next 6 and 12 months.

According to a survey of expectations carried out by the Capital Markets Board of Turkey (SPK) in June 2010, 36 percent of the participants expect a monthly increase in USD rates, while nearly 46 percent estimate a rise in the next 6 months and more than 49 percent expect an increase in yearly basis.

Moreover, 53 percent of the executives said that they did not expect any changes in Euro on monthly basis, while 41 percent and 36 percent noted that they expected Euro to remain the same in the next 6 and 12 months respectively.

A total of 327 high-level executives from Turkish capital market institutions attended SPK's survey.

Capital Markets Board of Turkey (SPK) is the regulatory and supervisory authority in charge of the securities markets in Turkey.

Empowered by the Capital Markets Law, which was enacted in 1981, the board implements detailed regulations for organizing the markets and developing capital market instruments and institutions in the country.
 

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Güncelleme Tarihi: 08 Temmuz 2010, 11:56
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