{"id":19155,"date":"2025-12-11T19:30:04","date_gmt":"2025-12-11T16:30:04","guid":{"rendered":"https:\/\/ekonomigundemi.com.tr\/index.php\/2025\/12\/11\/gedik-yatirimdan-haftalik-parasal-buyuklukler-degerlendirmesi"},"modified":"2025-12-11T19:30:04","modified_gmt":"2025-12-11T16:30:04","slug":"gedik-yatirimdan-haftalik-parasal-buyuklukler-degerlendirmesi","status":"publish","type":"post","link":"https:\/\/ekonomigundemi.com.tr\/index.php\/2025\/12\/11\/gedik-yatirimdan-haftalik-parasal-buyuklukler-degerlendirmesi\/","title":{"rendered":"Gedik Yat\u0131r\u0131m’dan haftal\u0131k parasal b\u00fcy\u00fckl\u00fckler de\u011ferlendirmesi"},"content":{"rendered":"

Gedik Yat\u0131r\u0131m'\u0131n de\u011ferlendirmesinde, 5 Aral\u0131k haftas\u0131nda swap hari\u00e7 net rezervlerde 5,5 milyar dolarl\u0131k art\u0131\u015f (alt\u0131n fiyat etkisi hari\u00e7 3,4 milyar dolar art\u0131\u015f), yurtd\u0131\u015f\u0131 yerle\u015fiklerin yakla\u015f\u0131k 24 milyon dolarl\u0131k D\u0130BS sat\u0131m\u0131 ve DTH\u2019lardaki 2 milyar dolar azal\u0131\u015f\u0131n \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 belirtildi. De\u011ferlendirmede ayr\u0131ca \u015fu bilgiler verildi:<\/p>\n

“Ayr\u0131ca, TCMB Analitik Bilan\u00e7o verilerine g\u00f6re, swap hari\u00e7 rezervlerde 10 Aral\u0131k itibariyle yakla\u015f\u0131k 1,3 milyar dolarl\u0131k azal\u0131\u015f (alt\u0131n etkisi hari\u00e7 0,7 milyar dolarl\u0131k d\u00fc\u015f\u00fc\u015f) oldu\u011funu hesapl\u0131yoruz. Haftal\u0131k hareketleri \u015f\u00f6yle s\u0131ralayabiliriz;<\/p>\n

Parite etkisinden ar\u0131nd\u0131r\u0131lm\u0131\u015f DTH bireysellerin 122 milyon dolar al\u0131mlar\u0131na kar\u015f\u0131n, kurumsallar\u0131n ise 2,165 milyon dolar sat\u0131m\u0131 ile toplam 2,042 milyon dolar azal\u0131\u015f g\u00f6sterdi. D\u00f6viz mevduatlarda sene ba\u015f\u0131ndan beri ise toplam 17,8 milyar dolar art\u0131\u015f g\u00f6r\u00fcnmektedir.<\/p>\n

KKM haftal\u0131k 3,9 milyar TL (yakla\u015f\u0131k 0,1 milyar dolar) \u00e7\u0131k\u0131\u015fla 12,9 milyar TL\u2019ye kadar geriledi. KKM hesaplar\u0131nda A\u011fustos 2023\u2019te ula\u015f\u0131lan tepe noktadan \u00e7\u00f6z\u00fclme 3,4 trilyon TL\u2019ye (136,7 milyar dolar) ula\u015fm\u0131\u015f durumda. KKM hesaplar\u0131n\u0131n \u00f6n\u00fcm\u00fczdeki g\u00fcnlerde tamamen kapanmas\u0131n\u0131 bekleyebiliriz.<\/p>\n

DTH + KKM\u2019nin toplam mevduat i\u00e7erisindeki pay\u0131 ise y\u00fczde 39,5 seviyesindedir. DTH ve KKM hesaplar\u0131n\u0131n toplam mevduat i\u00e7indeki pay\u0131 KKM hesaplar\u0131n\u0131n zirve yapt\u0131\u011f\u0131 A\u011fustos 2023\u2019te y\u00fczde 68,4 seviyesine kadar y\u00fckselmi\u015fti.<\/p>\n

TL mevduatlar haftal\u0131k 316 milyar TL azal\u0131\u015f g\u00f6stererek yakla\u015f\u0131k 15,5 trilyon TL seviyesinde bulunmaktad\u0131r.<\/p>\n

Yabanc\u0131 para krediler haftal\u0131k 1,4 milyar dolar art\u0131\u015f g\u00f6stermi\u015ftir. Mart 2024 sonundan bu yana y\u00fczde 46\u2019l\u0131k art\u0131\u015fla 62 milyar dolar geli\u015fim g\u00f6stererek 196,8 milyar dolar seviyesine ula\u015fm\u0131\u015ft\u0131r.<\/p>\n

Y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f 13-haftal\u0131k ortalama kredi b\u00fcy\u00fcmesine bakt\u0131\u011f\u0131m\u0131zda ise, ticari krediler y\u00fczde 21,7\u2019den y\u00fczde 22,4\u2019e y\u00fckselirken, t\u00fcketici kredileri ise y\u00fczde 51,2\u2019en y\u00fczde 50,5\u2019e gerilemi\u015ftir.<\/p>\n

Yurtd\u0131\u015f\u0131 yerle\u015fiklerin 5 Aral\u0131k ile biten haftada D\u0130BS\u2019te 24 milyon dolarl\u0131k sat\u0131mlar\u0131yla stok de\u011fer yakla\u015f\u0131k 16,8 milyar dolar \u2019a y\u00fckseldi. Mart ortas\u0131ndan Nisan sonuna kadar D\u0130BS\u2019te toplam 9,3 milyar dolarl\u0131k \u00e7\u0131k\u0131\u015f ya\u015fan\u0131rken, May\u0131s ba\u015f\u0131ndan itibaren yakla\u015f\u0131k 8,4 milyar dolar giri\u015f ger\u00e7ekle\u015fti. Hisse senetlerinde ilgili haftada 154 milyon dolar al\u0131m ger\u00e7ekle\u015fti ve stok de\u011feri yakla\u015f\u0131k 32 milyar dolar oldu. Hazine eurobondu taraf\u0131nda ise yakla\u015f\u0131k 219 milyon dolarl\u0131k sat\u0131\u015f ger\u00e7ekle\u015fti ve stok de\u011feri yakla\u015f\u0131k 82 milyar dolar oldu.<\/p>\n

5 Aral\u0131k haftas\u0131nda br\u00fct rezervler 183,2 milyar dolar \u2019dan yakla\u015f\u0131k 3,2 milyar dolar art\u0131\u015fla 186,4 milyar dolar \u2019a y\u00fckseldi. Ayn\u0131 haftada net rezervler ise 72,1 milyar dolar \u2019dan 5,5 milyar dolar art\u0131\u015f g\u00f6stererek 77,6 milyar dolar \u2019a y\u00fckseldi. Swap hari\u00e7 net rezervler de yakla\u015f\u0131k 5,5 milyar dolar art\u0131\u015f (alt\u0131n etkisi hari\u00e7 3,4 milyar dolar art\u0131\u015f) g\u00f6stererek 63,2 milyar dolar \u2019a y\u00fckseldi. Swap hari\u00e7 net rezervlerin 2024 mart sonundaki dip seviyesi ise -65,5 milyar dolar, 14 \u015eubat 2025 tarihindeki zirve seviyesi ise 71 milyar dolar olmu\u015ftu. \u0130lgili haftada alt\u0131n fiyatlar\u0131ndaki art\u0131\u015f\u0131n rezervlere yakla\u015f\u0131k 2 milyar dolar pozitif etki yapt\u0131\u011f\u0131n\u0131 belirtmekte fayda var.<\/p>\n

TCMB\u2019nin analitik bilan\u00e7osuna g\u00f6re, g\u00f6re, 10 Aral\u0131k itibariyle (bu haftan\u0131n ilk 3 g\u00fcn\u00fcnde) br\u00fct rezervlerde 1 milyar dolar art\u0131\u015f, net rezervlerde yakla\u015f\u0131k 1,1 milyar dolar azal\u0131\u015f ve swap hari\u00e7 net rezervlerde ise yakla\u015f\u0131k 1,3 milyar dola azal\u0131\u015f hesaplamaktay\u0131z. Ancak, bu d\u00f6nemde alt\u0131n fiyat etkisi negatif anlamda 0,6 milyar dolar oldu. Buna g\u00f6re, alt\u0131n fiyat etkisi hari\u00e7 tutuldu\u011funda swap hari\u00e7 rezervlerde yakla\u015f\u0131k 0,7 milyar dolar \u2019l\u0131k bir azal\u0131\u015ftan s\u00f6z edilebilir.<\/p>\n

Para Piyasas\u0131 Fonu (PPF) b\u00fcy\u00fckl\u00fc\u011f\u00fc 5 Aral\u0131k haftas\u0131nda yakla\u015f\u0131k 63 milyar TL azal\u0131\u015f g\u00f6stererek 1,4 trilyon TL\u2019ye geriledi. Serbest \u015eemsiye Fonu alt\u0131ndaki PPF b\u00fcy\u00fckl\u00fc\u011f\u00fc ise ge\u00e7en hafta yakla\u015f\u0131k 53 milyar TL art\u0131\u015f g\u00f6stererek 1,2 trilyon TL\u2019ye y\u00fckseldi. T\u00fcm d\u00f6viz fonlar\u0131n\u0131n aktif b\u00fcy\u00fckl\u00fc\u011f\u00fc ise yakla\u015f\u0131k 445 milyon dolarl\u0131k art\u0131\u015fla 77,6 milyar dolara y\u00fckseldi. 2024 ba\u015f\u0131nda bu seviye 25 milyar dolar, 2025 ba\u015f\u0131nda ise 50 milyar dolar civar\u0131ndayd\u0131. Yat\u0131r\u0131m fonlar\u0131n\u0131 da dahil ederek hesaplad\u0131\u011f\u0131m\u0131z dolarizasyon oran\u0131, 5 Aral\u0131k haftas\u0131nda y\u00fczde 42,1 seviyesinden y\u00fczde 42,5 seviyesine y\u00fckselmi\u015ftir. Bu oran 2023 y\u0131l\u0131 ortalar\u0131nda y\u00fczde 70\u2019e kadar y\u00fckselmi\u015fti.”<\/p>\n

<\/strong>
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"

\u0130stanbul, 11 Aral\u0131k (Hibya) – Gedik Yat\u0131r\u0131m, 5 Aral\u0131k haftas\u0131nda swap hari\u00e7 net rezervlerde 5,5 milyar dolarl\u0131k art\u0131\u015f (alt\u0131n fiyat etkisi hari\u00e7 3,4 milyar dolar art\u0131\u015f), yurtd\u0131\u015f\u0131 yerle\u015fiklerin yakla\u015f\u0131k 24 milyon dolarl\u0131k D\u0130BS sat\u0131m\u0131 ve DTH\u2019lardaki 2 milyar dolar azal\u0131\u015f\u0131n ya\u015fand\u0131\u011f\u0131n\u0131 bildirdi.<\/p>\n","protected":false},"author":1,"featured_media":19156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,4,1],"tags":[],"class_list":["post-19155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-dunya","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/19155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/comments?post=19155"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/19155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/19156"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=19155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=19155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=19155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}