Özet:

Currency rates that have a significant impact on markets are especially important for developing countries. The changes and developments in the financial markets affect those who want to invest in individual or corporate bases. The aim of this study is to investigate whether the exchange rate in Turkey has an impact on the BIST 100 index. For this purpose, 174 observations were used for each set of data used monthly from January 2004 to June 2018. In the model specification Dependent variable Stock Exchange Istanbul 100 Index Closing Monthly average values are determined. The U.S. dollar, which is the average monthly value of the independent currency Turkish Lira, is regulated and regressed by accepting the exchange rate. According to the analysis results, there is a meaningful relationship between the delayed values of the dollar currency and the Bist 100 index.

Özet:

The exchange rates having an important effect on the global markets are very important for the developing countries. The changes and advances in money markets affect not only the individuals but also the companies aiming to invest. The objective of this study is to determine if the exchange rate has effect on the BIST 100 index in Turkey. For this purpose, in each dataset, totally 174 observations starting from January 2004 to June 2018 was used. In specification of the model, the mean index values of Borsa Istanbul 100 by the end of month were taken as dependent variable. The independent variable was chosen to be monthly mean USD exchange rate in Turkish Lira, and then regressed. According to the analysis results, there is a significant relationship between lagged values of USD exchange rate and BIST 100 index.

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