ZAR/TRY Exchange Rate Today, Forecast & News

ZAR/TRY
South African Rand - Turkish Lira
Closed
1.71554-0.00652 (-0.38%)
As of: May 31, 2024 21:03 UTC
Open
1.72207
High
1.73184
Low
1.70287

Stats

Prev. Close

1.72206

Open

1.72207

Day's Range

1.70287 - 1.73184

52 Week Range

1.05841 - 1.83257

YTD Change

7.73%

1 Year Change

61.14%

Economic CalendarAll Events

Time zone: GMT

Thursday, May 30th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
13:00	ZAR	Interest Rate Decision	Medium	8.25%	8.25%	8.25%

Friday, May 31st 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
07:00	TRY	GDP Growth Rate YoYQ1	Medium	5.7%	5.7%	4%
07:00	TRY	GDP Growth Rate QoQQ1	Medium	2.4%	1.5%	1%
12:00	ZAR	Balance of TradeApr	Medium	ZAR10.47B	ZAR 3.5B	ZAR9.16B

Monday, June 3rd 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
07:00	TRY	Inflation Rate YoYMay	Medium		74.80%	69.8%
07:00	TRY	Inflation Rate MoMMay	Medium		3%	3.18%
08:00	TRY	Balance of Trade PrelMay	Medium		$-10B	$-9.9B

ZAR/TRY

The South African Rand to Turkish Lira currency pair links South Africa's commodity-focused economy with Turkey's diversified economy, which includes manufacturing, agriculture, and tourism. The Rand is impacted by the performance of the mining sector and the overall health of the South African economy, while the Lira is highly sensitive to Turkey's economic policies, inflation rates, and political climate. The ZAR/TRY exchange rate reflects the dynamics between two economies that are significant players in their respective regions.

	South Africa		Turkey
Interest Rate	8.25% May 24		50% May 24
Inflation Rate	5.2% Apr 24		69.8% Apr 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	Ba2Stable	BB-Stable	B3Stable	BPositive

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Currencies

ZAR/TRY

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