TRY in the spotlight: latest news

Rabobank forecasts that the US Dollar to Brazilian Real (USD/BRL) exchange rate will stabilize at 5.55 by the end of 2025. On Friday, the exchange rate remained steady at around 5.35, with the Brazilian Real exhibiting minimal fluctuations amidst ongoing trade activities.

Anadolu Efes announced strong third-quarter results for 2025, exceeding market predictions for both earnings per share (EPS) and revenue.

Turkcell reported a net profit of 5.40 billion lira for the third quarter, marking a decline compared to the previous year. The company anticipates an EBITDA margin of approximately 42% to 43% by 2025.

The Euro to Polish Zloty (EUR/PLN) exchange rate remained stable at approximately 4.83 on Wednesday, as investors anticipated the upcoming policy decisions from the National Bank of Poland.

The exchange rate between the US Dollar and Mexican Peso (USD/MXN) remained stable on Wednesday, hovering around 18.61 as the currency pair continued its consolidation trend. Rabobank forecasts that this sideways trading is expected to persist into 2026.

FX analysts at RBC Capital Markets predict that the USD/CNY exchange rate will gradually strengthen to 7.00 by the end of 2026, driven by consistent trade surpluses and the expanding global use of the Chinese yuan.

Turkey's monthly inflation rate for October is projected to reach 2.83%, largely fueled by increases in clothing and food prices. The year-end inflation rate is anticipated to be around 32%.

Türkiye continues to grapple with inflation as the pace of disinflation slows down, presenting ongoing economic challenges for the country.

For a detailed analysis of the monthly foreign exchange outlook, please download the PDF available above, which includes information on the Australian dollar, New Zealand dollar, Canadian dollar, Norwegian krone, and Swedish krona.

Turkey's monthly inflation rate for October is projected to reach 2.83%, influenced by increases in clothing and food prices. The year-end inflation is anticipated to be around 32%.

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Türkiye's inflation rate for October 2025 is expected to reach approximately 2.83 percent, reflecting a significant decrease compared to earlier months. The year-end inflation forecast has been adjusted to 28.5 percent, coinciding with an increase in the economic confidence index, which now stands at 98.2.

Türkiye's disinflation process is progressing as planned, according to Treasury and Finance Minister Mehmet Şimşek, who stated on Friday that recent price data do not change this perception.

Turkey's monthly inflation rate is projected to reach 2.83% in October, primarily due to increases in clothing and food prices. The year-end inflation rate is anticipated to be around 32%.

The euro is nearing its highest level in a decade against a trade-weighted currency basket, driven by expectations that the European Central Bank will not implement further rate cuts.

Gold prices are experiencing a downward trend after previously reaching record highs. Currently, the price of gold per gram is 5,296 lira, and the price per ounce is fluctuating.

The price of gold has retreated from its record highs of nearly $4,100 per ounce, as investors reconsider the factors contributing to this year's remarkable rally.

The Pound to Euro exchange rate (GBP/EUR) has remained relatively stable over the past month, recently falling to just under 1.1470. Danske Bank forecasts that the exchange rate will reach 1.124 within the next 12 months.

The British Pound experienced a slight decline against both the Euro and the Dollar on Friday, despite recent UK data indicating robust business activity and consumer confidence that exceeded expectations.

The Euro to Dollar (EUR/USD) exchange rate is currently at 1.1614, showing a minor decline of 0.03%. This stability comes as investors await the release of the latest US inflation data. Analysts from Credit Agricole anticipate a resurgence of dollar strength by 2026.

The British Pound has been consistently declining against the US Dollar since mid-September, influenced by the US Dollar's overall recovery and growing caution in the market.

The Central Bank of Turkey has cautioned that there may be a slowdown in the disinflation process due to recent hikes in food prices.

Pound Sterling remained stable on Tuesday, with GBP/USD trading around 1.34 and EUR/GBP at approximately 0.87, as traders prepared for upcoming political and fiscal developments, including potential tax hikes in the UK's autumn budget.

Rabobank warns that while the November budget is currently in the spotlight, a significant threat to the Bank of England's reforms could lead to a drastic 10% decline in the Pound Sterling.

The Turkish central bank has reduced its benchmark one-week repo rate by 100 basis points to 39.5%. This decision comes amid concerns regarding rising inflation trends.