Özet:

Since the beginning of the 2000s, the fluctuations in the prices of goods have had significant impacts on the global economy and the country’s economies. The price rise is considered a cause that increases the effects of economic and political crises and even causes the crisis. In particular, the sudden rise in energy, metal and food prices has led to an increase in macroeconomic indicators. The high importance of stock markets for economic growth requires the investigation of the impact of goods prices on stock prices. The main objective of this study is to identify the effect of the exchange rate on the price of metals on the Borsa Istanbul (BIST) Index by using monthly data between January 2004 and December 2019. There is a series of studies in current literature seeking to explore the dynamic interactions between goods and stock markets. This study and the influence of the metal prices on the BIST-Sınai index that we can say is important after the energy price for the Turkish industry will contribute to the empirical literature concerned with the relations between the goods and stock markets. According to the findings obtained, the change in the exchange rate and the metal prices affects the BIST-Snaai index in the same direction.

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