Before the first round of the presidential elections, the arbitrage between Binance’s foreign exchange and Binance TR, which reached 4-5 percent, created a serious activity in the USDT/TL parity.
The USDTTRY parity, which decreased from 22.40 TL to 20.31 TL for a while after the election, turned its direction up again with a sharp movement today. The highest levels seen as of today in the Tether / TL parity, which is accepted as the equivalent of the Dollar / TL parity in the crypto money market, are 21.18 TL.
Tether was at 20.83 TL yesterday.
But as of now, there is no arbitrage margin between Binance.com and Binance TR. Prices seem to be on par. This is interpreted as the transition of investors who hold their money on the crypto side from TL to dollars.
Grand Bazaar dollar rate is 21.37 TL, bank dollar rate is 21.90 TL
Domestically, the free market dollar rate is based on 19.90 TL. On the other hand, the dollar exchange rate in the Grand Bazaar, which retreated rapidly after the election and quickly closed the buying-selling scissors, has again risen above 21.37 TL. In the interbank market, the dollar-TL parity rose again above 21.90 TL. And the trading spread jumped to 11 percent. Currently, the dollar buying rate in the interbank market is around 19.74 TL.
Banks dollar rate
Grand Bazaar dollar rate
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.