ISTANBUL (AA) – Central Bank of Turkey (KBT), Turkish Lira (TL) shall forward currency selling auctions has resulted in compromises.
The transaction was not realized because CBRT failed to bid for the negotiated 1 month USD 100 million currency exchange rate.
CBRT's $ 50 million bid for currency transactions with a 3 month maturity was $ 10 million. While the amount reached in the bid was $ 10 million, the average price was 5,68510, the lowest price was 5,68110 and the highest price was 5.69110. The average price offered was 5,68510.
CBRT's value of USD 50 million of negotiated 6-month forward currency auctions was offered at $ 8 million. The amount reached in the bid was $ 8 million, the average price was 5.93197, the lowest price was 5,92980, the highest price was fixed at 5,93560. The average price offered was 5.93198.
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