Commerzbank Announces New Year Dollar Rate Forecast

Commerzbank, one of Germany’s largest international banks, updated its forecasts for the dollar/TL parity. New forecasts show that the worst days are yet to come. 2022 and 2023 will be quite challenging according to these forecasts.

Turkey’s most popular agenda lately. dollarhas been on the agenda of the world press and international organizations for a while. The exchange rate, which accelerated its rise due to the interest rate cuts made by the Central Bank of the Republic of Turkey, does not seem to be easily restrained. Even so, global financial companiesThey update the general situation and dollar rate forecasts in Turkey one by one.

Now based in Germany Commerzbankpublished its new forecasts for the dollar exchange rate. According to the analysis of analysts at Commerzbank, one of the most popular banks in the world, the dollar will continue to rise. And the worst days are yet to come. According to the bank, in 2023, the dollar rate will be much higher than it is now.

“The dollar will be 15 TL in the first quarter of 2022”

According to Commerzbank analysts, the dollar/TL parity will increase in the first quarter of 2022. will rise to 15. The bank thought that the dollar/TL rate would be 11 TL in its previous forecasts. The bank’s 2023 forecasts are terrible. According to analysts, who thought that 1 dollar would be 10 TL in their previous predictions, at the end of 2023, the dollar/TL parity will be We will see that it is 16 TL

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It is not known how much the dollar rate will rise. However, the President of the Central Bank of the Republic of Turkey (CBRT) Falling star Kavcioglumade a remarkable debut in the past few days. Stating that there is room for interest rate cuts, Kavcıoğlu said that the interest rate cut at the meeting in December. that you can’t gave the signals. If such a thing happens, the dollar rate will be at least for a while. accumulate is we can see. Even this is very important because the stabilization of the dollar even at the level of 13.70 TL, uncertainty status will eliminate.

Source :
https://www.haberler.com/alman-bankasi-commerzbank-turkiye-icin-dolar-14580790-haberi/


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