{"status":true,"post":{"id":22607,"user_id":23,"status":1,"type":1,"orde":null,"notification_type":3,"static_post":0,"published_at":"2022-10-24 14:18:43","created_at":"2020-08-06T21:00:00.000000Z","updated_at":"2022-10-24T11:18:43.000000Z","edited_at":"2024-12-17 22:35:21","source_id":null,"post_id":22607,"is_featured":0,"title":"Reel sekt\u00f6r d\u00f6viz pozisyonu","slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"home_title":null,"sub_title":null,"category_id":73,"description":null,"content":" \t\t\t\t\t \t\t\t\t\t

<\/strong><\/span>
Hikmet Baydar<\/strong><\/span><\/p>

TCMB verilerine g\u00f6re reel sekt\u00f6r\u00fcn 2008\u2019in 12. ay\u0131nda toplam d\u00f6viz cinsi varl\u0131\u011f\u0131 80.5 milyar dolar iken, 2020\u2019nin 5. ay\u0131nda y\u00fczde 53.96 art\u0131\u015fla 123.9 milyar dolara ula\u015ft\u0131. Burada en ilgin\u00e7 olan k\u0131s\u0131m, reel sekt\u00f6r mevduat\u0131n\u0131n yurt d\u0131\u015f\u0131 bankalardan yurt i\u00e7i bankalara kaymas\u0131. 2008 y\u0131l\u0131nda yurt d\u0131\u015f\u0131 bankalarda 33 milyar dolar civar\u0131nda mevduat bulunduran reel sekt\u00f6r, 2020 y\u0131l\u0131na geldi\u011fimizde yurt d\u0131\u015f\u0131 bankalarda tuttu\u011fu mevduat\u0131 18.5 milyar dolara indirdi. Oysa yurt i\u00e7i bankalarda tuttu\u011fu d\u00f6viz mevduat\u0131 2008 y\u0131l\u0131nda 27.2 milyar dolar iken, 2020\u2019nin 5. ay\u0131nda bu rakam 73.9 milyar dolara y\u00fckseldi. Reel sekt\u00f6r\u00fcn toplamda mevduat\u0131 60 milyar dolar civar\u0131ndan 92 milyar dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131.<\/span>
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\u0130HRACAT ALACAKLARI<\/strong><\/span>
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Di\u011fer ilgimizi \u00e7eken kalem ihracat alacaklar\u0131. 2008\u2019in 12. ay\u0131nda 10.8 milyar dolar ihracat alaca\u011f\u0131 olan reel sekt\u00f6r\u00fcn 2020\u2019nin 5. ay\u0131nda ihracat alaca\u011f\u0131 y\u00fczde 27 art\u0131\u015fla 10.9 miyar dolara ula\u015ft\u0131. Yani reel sekt\u00f6r yurt d\u0131\u015f\u0131na d\u00f6viz vadeli sat\u0131\u015f\u0131n\u0131 art\u0131rd\u0131.<\/span>
<\/span>
Reel sekt\u00f6r\u00fcn y\u00fck\u00fcml\u00fcl\u00fcklerine bakt\u0131\u011f\u0131m\u0131zda; 2008\u2019in 12. ay\u0131nda 150.3 milyar dolar olan y\u00fck\u00fcml\u00fcl\u00fckler, y\u00fczde 92 civar\u0131nda art\u0131\u015fla 288.9 milyar dolara y\u00fckseldi. <\/span>
<\/span>
Y\u00fck\u00fcml\u00fcl\u00fcklerde art\u0131\u015f\u0131n en \u00f6nemli merkezi yurt i\u00e7i bankalar. Buradan elde edilen d\u00f6viz kredileri 2008\u2019in 12. Ay\u0131nda 48 milyar dolar iken 2020\u2019nin 5. ay\u0131nda y\u00fczde 210\u2019dan fazla art\u0131\u015fla 149 miyar dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131. Yurt d\u0131\u015f\u0131ndan sa\u011flanan krediler ise 87.6 milyar dolardan 96 milyar dolar civar\u0131na art\u0131\u015f sa\u011flayarak y\u00fczde 9.5 b\u00fcy\u00fcme sa\u011flayabildi.<\/span>
<\/span>
Al\u0131nan kredilerin uzun vadeli olmas\u0131, yat\u0131r\u0131m kredisi oldu\u011fu anlam\u0131na geliyor. Dolay\u0131s\u0131yla bu yat\u0131r\u0131m\u0131n gelir projeksiyonlar\u0131 hen\u00fcz hesaplara dahil olmad\u0131\u011f\u0131 i\u00e7in varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fckler aras\u0131ndaki fark, sizlere ciddi bir risk gibi gelmemeli. Burada y\u0131llar i\u00e7erisindeki yat\u0131r\u0131m\u0131n d\u00f6n\u00fc\u015f\u00fc bulunmuyor. <\/span>
<\/span>
\u0130THALAT BOR\u00c7 RAKAMI<\/strong><\/span>
<\/span>
Tabloda ilgimizi \u00e7eken ve olu\u015fturdu\u011fumuz lobinin de katk\u0131s\u0131 olmas\u0131 nedeniyle mutluluk duydu\u011fumuz ithalat bor\u00e7 rakamlar\u0131na bir bakal\u0131m. \u0130thalat bor\u00e7 rakam\u0131, vadeli al\u0131m anlam\u0131na gelir ve bu sayede kredi kullanmak zorunda kalmazs\u0131n\u0131z. Bir\u00e7ok \u015firket bu sayede kredi kullan\u0131mlar\u0131n\u0131 azaltabildi. 2008\u2019in 12. ay\u0131nda 14.6 milyar dolar olan ithalat borcu, y\u00fczde 200\u2019e yak\u0131n artarak 43.7 miyar dolara y\u00fckseldi. KKDF gibi firmalar\u0131 pe\u015fin al\u0131ma zorlayan engeller azal\u0131nca reel sekt\u00f6r vadeli al\u0131m yaparak bu tutar kadar kredi kullanmaya ihtiya\u00e7 duymad\u0131. Umar\u0131z bu rakamlar\u0131n kat be kat artmas\u0131yla reel sekt\u00f6r\u00fcm\u00fcze yurt d\u0131\u015f\u0131n\u0131n g\u00f6sterdi\u011fi g\u00fcvenin nas\u0131l artt\u0131\u011f\u0131n\u0131 da g\u00f6rme imkan\u0131na kavu\u015furuz. <\/span>
<\/span>
KUR ATAKLARI ZARAR VERMEZ<\/strong><\/span>
<\/span>
Burada kritik di\u011fer bir konu, kur ataklar\u0131na kar\u015f\u0131 reel sekt\u00f6r savunmas\u0131z m\u0131 de\u011fil mi onu g\u00f6rmeliyiz. K\u0131sa vadede varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fck kar\u015f\u0131la\u015ft\u0131rmas\u0131n\u0131 yapt\u0131\u011f\u0131m\u0131zda reel sekt\u00f6r\u00fcn k\u0131sa vadeli d\u00f6viz pozisyonunda 13.8 milyar dolar fazla d\u00f6vizinin bulundu\u011funu g\u00f6r\u00fcyoruz. Yani kur ataklar\u0131 reel sekt\u00f6re herhangi bir zarar veremeyecek.<\/span>
<\/span>
Son s\u00f6z\u00fcm\u00fcz; kur riski \u015firketlerin k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 ciddi bir \u015fekilde riske atan, beklenmedik zamanlarda ciddi zarar verebilen bir unsur oldu\u011fundan \u015firketinizin kur riskine profesyonel bir \u015fekilde hakim olmay\u0131 sak\u0131n ihmal etmeyin.<\/span><\/p> \t\t\t\t","slug":"reel-sektor-doviz-pozisyonu","tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"Reel sekt\u00f6r d\u00f6viz pozisyonu","meta_description":"Hikmet Baydar","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"view_count":1066,"cropped_1200x675":null,"user":{"id":23,"name":"H\u0130KMET","surname":"BAYDAR","email":"hikmet-baydar@gmail.com","slug":"hikmet-baydar","avatar":"\/front\/uploads\/avatar\/1733691600m8IdzrjJsMVvSMC.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-10-19T14:42:06.000000Z","updated_at":"2024-12-18T09:49:02.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":22706,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":22607,"locale":"tr","category_id":73,"title":"Reel sekt\u00f6r d\u00f6viz pozisyonu","home_title":null,"sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":null,"content":" \t\t\t\t\t \t\t\t\t\t

<\/strong><\/span>
Hikmet Baydar<\/strong><\/span><\/p>

TCMB verilerine g\u00f6re reel sekt\u00f6r\u00fcn 2008\u2019in 12. ay\u0131nda toplam d\u00f6viz cinsi varl\u0131\u011f\u0131 80.5 milyar dolar iken, 2020\u2019nin 5. ay\u0131nda y\u00fczde 53.96 art\u0131\u015fla 123.9 milyar dolara ula\u015ft\u0131. Burada en ilgin\u00e7 olan k\u0131s\u0131m, reel sekt\u00f6r mevduat\u0131n\u0131n yurt d\u0131\u015f\u0131 bankalardan yurt i\u00e7i bankalara kaymas\u0131. 2008 y\u0131l\u0131nda yurt d\u0131\u015f\u0131 bankalarda 33 milyar dolar civar\u0131nda mevduat bulunduran reel sekt\u00f6r, 2020 y\u0131l\u0131na geldi\u011fimizde yurt d\u0131\u015f\u0131 bankalarda tuttu\u011fu mevduat\u0131 18.5 milyar dolara indirdi. Oysa yurt i\u00e7i bankalarda tuttu\u011fu d\u00f6viz mevduat\u0131 2008 y\u0131l\u0131nda 27.2 milyar dolar iken, 2020\u2019nin 5. ay\u0131nda bu rakam 73.9 milyar dolara y\u00fckseldi. Reel sekt\u00f6r\u00fcn toplamda mevduat\u0131 60 milyar dolar civar\u0131ndan 92 milyar dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131.<\/span>
<\/span>
\u0130HRACAT ALACAKLARI<\/strong><\/span>
<\/span>
Di\u011fer ilgimizi \u00e7eken kalem ihracat alacaklar\u0131. 2008\u2019in 12. ay\u0131nda 10.8 milyar dolar ihracat alaca\u011f\u0131 olan reel sekt\u00f6r\u00fcn 2020\u2019nin 5. ay\u0131nda ihracat alaca\u011f\u0131 y\u00fczde 27 art\u0131\u015fla 10.9 miyar dolara ula\u015ft\u0131. Yani reel sekt\u00f6r yurt d\u0131\u015f\u0131na d\u00f6viz vadeli sat\u0131\u015f\u0131n\u0131 art\u0131rd\u0131.<\/span>
<\/span>
Reel sekt\u00f6r\u00fcn y\u00fck\u00fcml\u00fcl\u00fcklerine bakt\u0131\u011f\u0131m\u0131zda; 2008\u2019in 12. ay\u0131nda 150.3 milyar dolar olan y\u00fck\u00fcml\u00fcl\u00fckler, y\u00fczde 92 civar\u0131nda art\u0131\u015fla 288.9 milyar dolara y\u00fckseldi. <\/span>
<\/span>
Y\u00fck\u00fcml\u00fcl\u00fcklerde art\u0131\u015f\u0131n en \u00f6nemli merkezi yurt i\u00e7i bankalar. Buradan elde edilen d\u00f6viz kredileri 2008\u2019in 12. Ay\u0131nda 48 milyar dolar iken 2020\u2019nin 5. ay\u0131nda y\u00fczde 210\u2019dan fazla art\u0131\u015fla 149 miyar dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131. Yurt d\u0131\u015f\u0131ndan sa\u011flanan krediler ise 87.6 milyar dolardan 96 milyar dolar civar\u0131na art\u0131\u015f sa\u011flayarak y\u00fczde 9.5 b\u00fcy\u00fcme sa\u011flayabildi.<\/span>
<\/span>
Al\u0131nan kredilerin uzun vadeli olmas\u0131, yat\u0131r\u0131m kredisi oldu\u011fu anlam\u0131na geliyor. Dolay\u0131s\u0131yla bu yat\u0131r\u0131m\u0131n gelir projeksiyonlar\u0131 hen\u00fcz hesaplara dahil olmad\u0131\u011f\u0131 i\u00e7in varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fckler aras\u0131ndaki fark, sizlere ciddi bir risk gibi gelmemeli. Burada y\u0131llar i\u00e7erisindeki yat\u0131r\u0131m\u0131n d\u00f6n\u00fc\u015f\u00fc bulunmuyor. <\/span>
<\/span>
\u0130THALAT BOR\u00c7 RAKAMI<\/strong><\/span>
<\/span>
Tabloda ilgimizi \u00e7eken ve olu\u015fturdu\u011fumuz lobinin de katk\u0131s\u0131 olmas\u0131 nedeniyle mutluluk duydu\u011fumuz ithalat bor\u00e7 rakamlar\u0131na bir bakal\u0131m. \u0130thalat bor\u00e7 rakam\u0131, vadeli al\u0131m anlam\u0131na gelir ve bu sayede kredi kullanmak zorunda kalmazs\u0131n\u0131z. Bir\u00e7ok \u015firket bu sayede kredi kullan\u0131mlar\u0131n\u0131 azaltabildi. 2008\u2019in 12. ay\u0131nda 14.6 milyar dolar olan ithalat borcu, y\u00fczde 200\u2019e yak\u0131n artarak 43.7 miyar dolara y\u00fckseldi. KKDF gibi firmalar\u0131 pe\u015fin al\u0131ma zorlayan engeller azal\u0131nca reel sekt\u00f6r vadeli al\u0131m yaparak bu tutar kadar kredi kullanmaya ihtiya\u00e7 duymad\u0131. Umar\u0131z bu rakamlar\u0131n kat be kat artmas\u0131yla reel sekt\u00f6r\u00fcm\u00fcze yurt d\u0131\u015f\u0131n\u0131n g\u00f6sterdi\u011fi g\u00fcvenin nas\u0131l artt\u0131\u011f\u0131n\u0131 da g\u00f6rme imkan\u0131na kavu\u015furuz. <\/span>
<\/span>
KUR ATAKLARI ZARAR VERMEZ<\/strong><\/span>
<\/span>
Burada kritik di\u011fer bir konu, kur ataklar\u0131na kar\u015f\u0131 reel sekt\u00f6r savunmas\u0131z m\u0131 de\u011fil mi onu g\u00f6rmeliyiz. K\u0131sa vadede varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fck kar\u015f\u0131la\u015ft\u0131rmas\u0131n\u0131 yapt\u0131\u011f\u0131m\u0131zda reel sekt\u00f6r\u00fcn k\u0131sa vadeli d\u00f6viz pozisyonunda 13.8 milyar dolar fazla d\u00f6vizinin bulundu\u011funu g\u00f6r\u00fcyoruz. Yani kur ataklar\u0131 reel sekt\u00f6re herhangi bir zarar veremeyecek.<\/span>
<\/span>
Son s\u00f6z\u00fcm\u00fcz; kur riski \u015firketlerin k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 ciddi bir \u015fekilde riske atan, beklenmedik zamanlarda ciddi zarar verebilen bir unsur oldu\u011fundan \u015firketinizin kur riskine profesyonel bir \u015fekilde hakim olmay\u0131 sak\u0131n ihmal etmeyin.<\/span><\/p> \t\t\t\t","slug":"reel-sektor-doviz-pozisyonu","orjinalimage":null,"news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":null,"cropped_310x208":null,"cropped_416x247":null,"cropped_197x247":null,"cropped_416x600":null,"cropped_1200x675":null,"tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"Reel sekt\u00f6r d\u00f6viz pozisyonu","meta_description":"Hikmet Baydar","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","view_count":1066,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":null,"cropped_842x474":null}]}}