Change Between Dollar and Turkish Lira
-
- Şeyda Şen
- 11/06/2024
Dollar and Turkish Lira exchange rate by year
Annual Change Examples
As of 2023, let's assume you have purchased 1,000 Dollars. Last year, the value of the Dollar against the TL was 15 TL, but it is currently 20 TL. This change offers significant earning opportunities for Turkish investors.
• 2022: 1,000 USD x 15 TL = 15,000 TL
• 2023: 1,000 USD x 20 TL = 20,000 TL
• Increase: 20,000 TL - 15,000 TL = 5,000 TL gain
• Change Percentage: 5,00015,000×100≈33.33%\frac{5,000}{15,000} \times 100 \approx 33.33\%15,0005,000×100≈33.33%
The 33.33% gain on an annual basis clearly demonstrates the advantages provided by exchange rate fluctuations. The change between the Dollar and TL has the potential to increase investors' earnings.
Three-Year Change
The long-term effects of exchange rates should not be ignored. In 2021, the value of the Dollar against the TL was around 8 TL.
In this case:
• 2021: 1,000 USD x 8 TL = 8,000 TL
• 2023: 1,000 USD x 20 TL = 20,000 TL
• Total Earnings:
• 20,000 TL - 8,000 TL = 12,000 TL
• Change Percentage: 12,0008,000×100≈150%\frac{12,000}{8,000} \times 100 \approx 150\%8,00012,000×100≈150%
This 150% increase shows the potential for investors to increase their foreign exchange earnings. The earnings to be provided in dollars for Turkish investors highlight how profitable real estate investments in Thailand can be.
Conclusion:
Investing in real estate in Thailand allows you to benefit not only from local economic growth but also from foreign exchange earnings. The exchange between the dollar and the Turkish lira offers great opportunities for Turkish investors. Real estate investments in Thailand are supported by foreign exchange earnings as well as increasing financial security in the future.