February 13, 2012
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US dollar yields greatest monthly real profit in February
13 March 2010 / TODAY’S ZAMAN, İSTANBUL
Trading on the US dollar created the highest monthly real returns among investment instruments in February, 1.19 percent when adjusted for inflation according to the producer price index (PPI) and 1.4 percent under the consumer price index (CPI).
The Turkish Statistics Institute (TurkStat) on Friday released its latest report on the rates of real return yielded by investment instruments in February. According to the report, last month deposit interest, the stock exchange, the euro and gold suffered monthly real loss at rates of 1.01, 5.85, 3 and 0.81 percent, respectively, when adjusted for the PPI. Adjusted for the CPI, losses of 0.81 percent in deposit interest, 5.66 percent in the stock exchange, 2.8 percent in the euro and 0.59 percent in gold were recorded in February.
Trading on the stock exchange yielded the highest annualized real profit, with rates of 95.05 percent according to the PPI and 89.19 percent according to the CPI.
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