October's only profit making tool is the dollar
Only profit making investment tool was the dollar in Turkey, in October, on both Domestic Producer Price Index (D-PPI) and Consumer Price Index (CPI) reductions, according to the data released by Turkish Statistical Institute, on Friday.
Dollar, one of the financial investment tools, yielded monthly real profit with the rates 1.13 percent and 0.16 percent when reduced by D-PPI CPI, respectively.Investors of stock exchange, euro, deposit interest, Government Domestic Debt Instruments (GDDI) and gold lost by 3.47 percent, 0.63 percent, 0.51 percent, 0.20 percent and 0.10 percent, respectively, when reduced by D-PPI.When reduced by CPI, investors of stock exchange, euro, deposit interest, GDDI and gold lost by 4.40 percent, 1.59 percent, 1.46 percent, 1.16 percent and 1.06 percent, respectively.DOLLAR IS LEADER ON QUARTERLY BASISDollar made the highest real profit with the rates of 4.02 percent when reduced by D-PPI and 4.09 percent when reduced by CPI, quarterly. In the same period, investors of stock exchange lost by 7.14 percent when reduced by D-PPI and 7.08 percent when reduced by CPI.DOLLAR IS LEADER ON BI-ANNUAL BASISUS Dollar made the highest real profit with the rates of 3.51 percent according to D-PPI and 2.65 percent according to CPI, bi-annually. In the same period, investors of Euro made the highest loss with the rates of 4.96 percent and 5.75 percent according to D-PPI and CPI respectively.STOCKS INVESTORS FACED ANNUAL LOSSThe annual real profit rates of US Dollar were 2.98 percent and 4.06 percent when reduced by to D-PPI and CPI respectively, while investors of stock exchange faced the highest loss with the rates of 10 percent and 9.06 percent when reduced by D-PPI and CPI.