Dollar Exchange Rate Today: Latest Update on Dollar-Euro Prices (June 5, 2024)

What are the dollar and euro rates against the Turkish lira? Get the latest on the interbank exchange rates. The sideways movement in foreign exchange rates following the local elections was disrupted yesterday.

Yesterday, the Dollar/TL, which experienced a rise of over 1%, started the new day with a decrease.

Today, the Dollar/TL traded around 32.56, showing a 0.15% decrease. Meanwhile, the Euro/TL exchanged hands at 35.46.

Emerging market currencies saw losses of over 2% against the dollar yesterday.

In line with global selling pressure, the Turkish lira experienced its first depreciation after the local elections, rising to 32.62.


Central Bank (TCMB) President Fatih Karahan emphasized that they would do “whatever it takes” to reduce inflation.

Karahan stated that the practice of taking 40% of the foreign exchange earned by exporters would continue, but they could consider changing the ratio as reserves strengthened.

Humberto Lopez, Country Director for Turkey at the World Bank, said that in addition to all the funds currently being implemented, Turkey will receive $18 billion in financing.


Excluding swaps, the Central Bank’s net reserves increased to $1.5 billion as of Friday, May 31, entering the positive zone for the first time in over 4 years.

Foreign investors’ bond purchases amounted to $7.1 billion in the past five weeks.

Minister of Treasury and Finance Mehmet Şimşek said that foreign share in the government bond market increased from 0.5% to 10%.

Source: NTV / Prepared by Irem Yildiz

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