Exchange rates started Thursday, May 21, 2026 with limited changes. While the dollar/TL exchange rate was traded at 45.59 levels in the markets, the euro/TL exchange rate was in the 52.96 lira band. In global money markets, the volatile outlook among major currencies continued. According to the previous effective exchange rate data announced by the Central Bank of the Republic of Turkey (CBRT), the buying rate of the dollar was recorded as 45.4771 TL and the selling rate was recorded as 45.6593 TL.
In the previous day’s data, buying was at 45.4159 TL and selling was at 45.5979 TL. In international markets, euro/dollar parity was at 1.1614, sterling/dollar parity was at 1.3425 and dollar/yen parity was at 158.911. These data indicated that limited price changes continued in global foreign exchange markets. In the US bond market, the increase in long-term yields attracted attention. The increase in the 30-year US bond interest rate to 5.19 percent highlighted the monitoring of the course of long-term borrowing costs in the markets.
Rising yields in global bond markets were among the main headlines affecting borrowing dynamics in developed economies. An upward trend was also seen in Japanese bonds in Asian markets. While 10-year Japanese bond yields exceeded 2.80 percent, 30-year bonds reached 4.17 percent. These data showed that the trend of rising yields in long-term bonds on a global scale continues. In the evaluations regarding the Chinese economy, data showing that incentive policies based on credit expansion had a limited impact on domestic demand came to the fore.
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