USD/TRY exchange rate at two-week low

By Gokhan Ergocun

ANKARA

The U.S. dollar/Turkish Lira exchange rate saw its lowest level in the last two weeks, while Turkey's Borsa Istanbul closed the day at 92,227.37 points with a 0.18 percent decrease on Wednesday.

Borsa Istanbul's BIST 100 index ended the day with a 161.74-point decrease from Tuesday's close of 92,389.11 points, while it opened the day at 92,836.31 points, up 0.48 percent. Trade volume was around 7 billion Turkish liras ($1.1 billion) on Wednesday.

The USD/TRY exchange rate dropped by 1.9 percent to 6.3530 as of 5 p.m. local time (1400GMT) Wednesday, compared with 6.4740 at Tuesday's close. The rate was 6.7840 at the end of August.

The euro/Lira exchange rate also fell by 1.6 percent to 7.3810 by market close, versus 7.4980 at the previous close, while the British pound/Lira exchange rate reached 8.2820 Turkish liras, compared with 8.4240 at Tuesday's close.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,194.00 as of 5.30 p.m. local time (1430GMT) Wednesday, compared with $1,193.70 at the previous close.

As of 6 p.m. local time (1500GMT), the price of Brent oil rose rapidly to $79.94 per barrel at the day's closing, compared with $78.59 at the end of Tuesday.

By Gokhan Ergocun

ANKARA

The U.S. dollar/Turkish Lira exchange rate saw its lowest level in the last two weeks, while Turkey's Borsa Istanbul closed the day at 92,227.37 points with a 0.18 percent decrease on Wednesday.

The USD/TRY exchange rate dropped by 1.9 percent to 6.3530 as of 5 p.m. local time (1400GMT) Wednesday, compared with 6.4740 at Tuesday's close. The rate was 6.7840 at the end of August.

In Borsa Istanbul's Precious Metals and Diamond Markets, one ounce of gold traded for $1,194.00 as of 5.30 p.m. local time (1430GMT) Wednesday, compared with $1,193.70 at the previous close.

As of 6 p.m. local time (1500GMT), the price of Brent oil rose rapidly to $79.94 per barrel at the day's closing, compared with $78.59 at the end of Tuesday.