Euro Broke Record in Turkish Parity PriceSat, Nov 19, 2022 12:00 AM
Euro started to gain value against the dollar and surpassed it with the decline in US inflation. It continues to rise without slowing down and sees new historical levels, especially against the Turkish Lira.
The highest level of the year was observed in the Euro and TL exchange rate. 1 Euro almost reached 20 TL by reaching 19.40 TL. Without a doubt, this is extremely appealing for investors, who are planning to shift their production lines to Turkey or invest in real estate.
The European Statistical Office (Eurostat) has released the final annual inflation data for the Eurozone and the European Union (EU) for September too. Inflation in the Eurozone in September was at the highest level measured in the last 25 years for which data were collected by Eurostat since 1997.
US Inflation Data Were Below the Expected
Euro started to rise without slowing down in November and it broke many records, including the highest value in the Turkish Lira - Euro parity of all time! The unexpectedly low US inflation data helped the dollar to gain value, which suppressed Euro in parity. However, it took quite a short, and Euro started to increase and gain value again.
The fluctuations in parities provided an amazing opportunity for foreign investors, who are planning to invest in Turkey. Whether you are already running a business, or you just want to make personal investments, Turkey may be quite appealing for you too!
The number of foreign investors investing in Turkish industries and markets is increasing every passing year!
Experts Say It Is the Best Time to Invest in Real Estate in Turkey
We all know that Turkey is a real estate paradise for many foreigners. There is a continuous and increasing trend in investing in properties in Turkey. If you are planning to make some money by investing in real estate, then this is the best time to do so.
Euro broke a record in Turkish parity price and experts believe it will not increase anymore! Considering that 1 Euro is almost equal to 19.50 Turkish Lira, this is the best time to make investments in Turkey!