As demand for the dollar increased with the Fed's rate hike, the dollar exchange rate in Türkiye renewed its record by rising to 48.80 lira (TL). The euro stood at 56.05 lira (TL) and the pound at 65.36 lira (TL).
As the impact of the Fed's interest rate hikes continues in the markets, global dollar demand increased pressure on the lira in Türkiye. This movement in economic balances determines the course of exchange rates and is among the figures closely followed by investors.