{"status":true,"post":{"id":26250,"user_id":23,"status":1,"type":1,"orde":null,"notification_type":3,"static_post":0,"published_at":"2022-10-24 15:18:03","created_at":"2021-04-29T21:00:00.000000Z","updated_at":"2022-10-24T12:18:03.000000Z","edited_at":"2024-12-17 22:35:21","source_id":null,"post_id":26250,"is_featured":0,"title":"Kur hareketlerinin reel sekt\u00f6r \u00fczerine etkisi","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

H\u0130KMET BAYDAR<\/strong><\/span>
<\/strong><\/span><\/p>

Reel sekt\u00f6r d\u00f6vizle hi\u00e7 i\u015f yapmasa bile, girdilerinin bir k\u0131sm\u0131n\u0131n d\u00f6vize endeksli olmas\u0131 nedeniyle kur hareketlerinden etkilenmektedir. Enerji, hammadde, sermaye mal\u0131 gibi girdiler d\u00f6viz hareketlerine kar\u015f\u0131 duyarl\u0131d\u0131r. O y\u00fczden al\u0131m ve sat\u0131mlar\u0131nda d\u00f6viz fiyat\u0131 verilmese bile maliyetlerde kur yans\u0131malar\u0131 ya\u015fanmakta, fiyatlar da buna g\u00f6re revize ediliyor.<\/span>
<\/span>
Girdilerinde d\u00f6viz fiyatl\u0131 \u00fcr\u00fcn olanlar ve d\u00f6viz ile ihracat yapanlar ise kur hareketlerinden 2 tarafl\u0131 etkilenmekte, \u00f6deme ve tahsilat zamanlar\u0131n\u0131n farkl\u0131 olmas\u0131 nedeniyle kurdan zarar riski potansiyeli daha da art\u0131yor.<\/span>
<\/span>
Genel olarak sekt\u00f6r d\u00f6viz hareketlerine kar\u015f\u0131 nas\u0131l tedbir alm\u0131\u015f inceleyelim.<\/span>
<\/span>
TCMB\u2019nin sitesinde finans kesimi d\u0131\u015f\u0131ndaki firmalar\u0131n d\u00f6viz varl\u0131k, y\u00fck\u00fcml\u00fcl\u00fck ve pozisyonlar\u0131 a\u00e7\u0131klanmaktad\u0131r. S\u00f6z konusu a\u00e7\u0131klamaya g\u00f6re 2021 y\u0131l\u0131 Ocak ay\u0131 itibariyle reel sekt\u00f6r\u00fcn durumu \u015fu \u015fekilde:<\/span>
<\/span>
\"\"VARLIKLAR: 80.465-141.356<\/span>
Mevduat: 60.370-96.681<\/span>
\u0130hracat Alacaklar\u0131: 8.566-21.711<\/span>
Yurtd\u0131\u015f\u0131na Do\u011frudan Sermaye Yat\u0131r\u0131mlar\u0131: 10.834-21.582<\/span>
Y\u00dcK\u00dcML\u00dcL\u00dcKLER: 150.314-297.494<\/span>
Nakdi Krediler: 135.695-245.600<\/span>
Yurt i\u00e7inden kredi: 48.066-145.610<\/span>
Yurtd\u0131\u015f\u0131ndan kredi: 87.629-99.990<\/span>
Uzun Vadeli: 86.543-99.162<\/span>
Vadeye 1 y\u0131ldan az: 26.054-12.129<\/span>
Vadeye 1 y\u0131ldan \u00e7ok: 60.489-87.033<\/span>
\u0130thalat Bor\u00e7lar\u0131: 14.619-51.894<\/span>
K\u0131sa vadeli: 14.049-51.275<\/span>
NET D\u00d6V\u0130Z POZ\u0130SYONU: (-69.849)-(-156.138)<\/span>
K\u0131sa vadeli varl\u0131klar: 69.631-119.774<\/span>
K\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fck: 65.029-94.487<\/span>
K\u0131sa Vadeli Net D\u00f6viz Poz: 4.602-25.287<\/span>
<\/span>
(\u0130lk say\u0131 Aral\u0131k 2008, ikinci say\u0131 Ocak 2021 verisidir. Say\u0131lar x milyon USD cinsindendir)<\/span>
<\/span>
Yukar\u0131daki listeden de g\u00f6r\u00fclece\u011fi \u00fczere reel sekt\u00f6r\u00fcn y\u00fck\u00fcml\u00fcl\u00fcklerindeki art\u0131\u015f varl\u0131klar\u0131ndaki art\u0131\u015ftan \u00e7ok fazlad\u0131r. Bu nedenle de net d\u00f6viz pozisyonu 2008\/12 ay\u0131nda 69,849 milyon USD iken, 2021\/01 ay\u0131nda 156,138 milyon dolara eksi vermi\u015ftir. Bu da\u011f\u0131l\u0131m\u0131 dikkatlice inceledi\u011fimizde, y\u00fck\u00fcml\u00fcl\u00fcklerin \u00f6nemli bir k\u0131sm\u0131 uzun vadeli kredilerdir. Al\u0131nan krediler \u00fcretim girdisi almak ya da yat\u0131r\u0131m yapmak amac\u0131yla talep edilmi\u015ftir. O y\u00fczden, yap\u0131lan yat\u0131r\u0131m\u0131n veya \u00fcretilen \u00fcr\u00fcn\u00fcn sat\u0131\u015f\u0131 olmadan varl\u0131k b\u00f6l\u00fcm\u00fcne girmesi s\u00f6z konusu olmaz. Dolay\u0131s\u0131yla, al\u0131nan kredinin sa\u011flayaca\u011f\u0131 ciro d\u00f6n\u00fc\u015fleri hen\u00fcz varl\u0131k b\u00f6l\u00fcm\u00fcnde bulunmamaktad\u0131r. Kald\u0131 ki kur hareketleri reel sekt\u00f6re uzun vadede zarar veremez. \u00c7\u00fcnk\u00fc sat\u0131lacak \u00fcr\u00fcn\u00fcn fiyat\u0131na kur giydiriliyor. <\/span>
<\/span>
Kur dalgalanmalar\u0131n\u0131n k\u0131sa vadede fiyatlayamama, maliyet oynakl\u0131klar\u0131 gibi \u00e7e\u015fitli olumsuzluklara kar\u015f\u0131 nas\u0131l tedbir al\u0131nm\u0131\u015f diye sordu\u011fumuzda \u015fu tabloyu g\u00f6rmekteyiz;<\/span>
<\/span>
Reel sekt\u00f6r\u00fcn k\u0131sa vadeli varl\u0131klar\u0131 119.774 milyon USD, y\u00fck\u00fcml\u00fcl\u00fckleri ise 94.487 milyon USD\u2019dir. Bu durumda reel sekt\u00f6r\u00fcn k\u0131sa vadeli pozisyonu a\u00e7\u0131s\u0131ndan 25.287 milyon USD d\u00f6viz fazlas\u0131 bulunuyor. <\/span>
<\/span>
Bu durumda d\u00f6viz d\u00fc\u015f\u00fc\u015f\u00fc oldu\u011fu takdirde, k\u0131sa vadede reel sekt\u00f6r\u00fc olumsuz etkileyecekken, uzun vadede olumlu etkileyecektir. D\u00f6viz y\u00fckseli\u015fleri ise k\u0131sa vadede olumlu, uzun vadede ise olumsuz etkileyecek gibi g\u00f6r\u00fcn\u00fcyor. <\/span><\/p> \t\t\t\t","slug":"kur-hareketlerinin-reel-sektor-uzerine-etkisi","tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"Kur hareketlerinin reel sekt\u00f6r \u00fczerine etkisi","meta_description":"H\u0130KMET 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":1075,"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":26349,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":26250,"locale":"tr","category_id":73,"title":"Kur hareketlerinin reel sekt\u00f6r \u00fczerine etkisi","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

H\u0130KMET BAYDAR<\/strong><\/span>
<\/strong><\/span><\/p>

Reel sekt\u00f6r d\u00f6vizle hi\u00e7 i\u015f yapmasa bile, girdilerinin bir k\u0131sm\u0131n\u0131n d\u00f6vize endeksli olmas\u0131 nedeniyle kur hareketlerinden etkilenmektedir. Enerji, hammadde, sermaye mal\u0131 gibi girdiler d\u00f6viz hareketlerine kar\u015f\u0131 duyarl\u0131d\u0131r. O y\u00fczden al\u0131m ve sat\u0131mlar\u0131nda d\u00f6viz fiyat\u0131 verilmese bile maliyetlerde kur yans\u0131malar\u0131 ya\u015fanmakta, fiyatlar da buna g\u00f6re revize ediliyor.<\/span>
<\/span>
Girdilerinde d\u00f6viz fiyatl\u0131 \u00fcr\u00fcn olanlar ve d\u00f6viz ile ihracat yapanlar ise kur hareketlerinden 2 tarafl\u0131 etkilenmekte, \u00f6deme ve tahsilat zamanlar\u0131n\u0131n farkl\u0131 olmas\u0131 nedeniyle kurdan zarar riski potansiyeli daha da art\u0131yor.<\/span>
<\/span>
Genel olarak sekt\u00f6r d\u00f6viz hareketlerine kar\u015f\u0131 nas\u0131l tedbir alm\u0131\u015f inceleyelim.<\/span>
<\/span>
TCMB\u2019nin sitesinde finans kesimi d\u0131\u015f\u0131ndaki firmalar\u0131n d\u00f6viz varl\u0131k, y\u00fck\u00fcml\u00fcl\u00fck ve pozisyonlar\u0131 a\u00e7\u0131klanmaktad\u0131r. S\u00f6z konusu a\u00e7\u0131klamaya g\u00f6re 2021 y\u0131l\u0131 Ocak ay\u0131 itibariyle reel sekt\u00f6r\u00fcn durumu \u015fu \u015fekilde:<\/span>
<\/span>
\"\"VARLIKLAR: 80.465-141.356<\/span>
Mevduat: 60.370-96.681<\/span>
\u0130hracat Alacaklar\u0131: 8.566-21.711<\/span>
Yurtd\u0131\u015f\u0131na Do\u011frudan Sermaye Yat\u0131r\u0131mlar\u0131: 10.834-21.582<\/span>
Y\u00dcK\u00dcML\u00dcL\u00dcKLER: 150.314-297.494<\/span>
Nakdi Krediler: 135.695-245.600<\/span>
Yurt i\u00e7inden kredi: 48.066-145.610<\/span>
Yurtd\u0131\u015f\u0131ndan kredi: 87.629-99.990<\/span>
Uzun Vadeli: 86.543-99.162<\/span>
Vadeye 1 y\u0131ldan az: 26.054-12.129<\/span>
Vadeye 1 y\u0131ldan \u00e7ok: 60.489-87.033<\/span>
\u0130thalat Bor\u00e7lar\u0131: 14.619-51.894<\/span>
K\u0131sa vadeli: 14.049-51.275<\/span>
NET D\u00d6V\u0130Z POZ\u0130SYONU: (-69.849)-(-156.138)<\/span>
K\u0131sa vadeli varl\u0131klar: 69.631-119.774<\/span>
K\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fck: 65.029-94.487<\/span>
K\u0131sa Vadeli Net D\u00f6viz Poz: 4.602-25.287<\/span>
<\/span>
(\u0130lk say\u0131 Aral\u0131k 2008, ikinci say\u0131 Ocak 2021 verisidir. Say\u0131lar x milyon USD cinsindendir)<\/span>
<\/span>
Yukar\u0131daki listeden de g\u00f6r\u00fclece\u011fi \u00fczere reel sekt\u00f6r\u00fcn y\u00fck\u00fcml\u00fcl\u00fcklerindeki art\u0131\u015f varl\u0131klar\u0131ndaki art\u0131\u015ftan \u00e7ok fazlad\u0131r. Bu nedenle de net d\u00f6viz pozisyonu 2008\/12 ay\u0131nda 69,849 milyon USD iken, 2021\/01 ay\u0131nda 156,138 milyon dolara eksi vermi\u015ftir. Bu da\u011f\u0131l\u0131m\u0131 dikkatlice inceledi\u011fimizde, y\u00fck\u00fcml\u00fcl\u00fcklerin \u00f6nemli bir k\u0131sm\u0131 uzun vadeli kredilerdir. Al\u0131nan krediler \u00fcretim girdisi almak ya da yat\u0131r\u0131m yapmak amac\u0131yla talep edilmi\u015ftir. O y\u00fczden, yap\u0131lan yat\u0131r\u0131m\u0131n veya \u00fcretilen \u00fcr\u00fcn\u00fcn sat\u0131\u015f\u0131 olmadan varl\u0131k b\u00f6l\u00fcm\u00fcne girmesi s\u00f6z konusu olmaz. Dolay\u0131s\u0131yla, al\u0131nan kredinin sa\u011flayaca\u011f\u0131 ciro d\u00f6n\u00fc\u015fleri hen\u00fcz varl\u0131k b\u00f6l\u00fcm\u00fcnde bulunmamaktad\u0131r. Kald\u0131 ki kur hareketleri reel sekt\u00f6re uzun vadede zarar veremez. \u00c7\u00fcnk\u00fc sat\u0131lacak \u00fcr\u00fcn\u00fcn fiyat\u0131na kur giydiriliyor. <\/span>
<\/span>
Kur dalgalanmalar\u0131n\u0131n k\u0131sa vadede fiyatlayamama, maliyet oynakl\u0131klar\u0131 gibi \u00e7e\u015fitli olumsuzluklara kar\u015f\u0131 nas\u0131l tedbir al\u0131nm\u0131\u015f diye sordu\u011fumuzda \u015fu tabloyu g\u00f6rmekteyiz;<\/span>
<\/span>
Reel sekt\u00f6r\u00fcn k\u0131sa vadeli varl\u0131klar\u0131 119.774 milyon USD, y\u00fck\u00fcml\u00fcl\u00fckleri ise 94.487 milyon USD\u2019dir. Bu durumda reel sekt\u00f6r\u00fcn k\u0131sa vadeli pozisyonu a\u00e7\u0131s\u0131ndan 25.287 milyon USD d\u00f6viz fazlas\u0131 bulunuyor. <\/span>
<\/span>
Bu durumda d\u00f6viz d\u00fc\u015f\u00fc\u015f\u00fc oldu\u011fu takdirde, k\u0131sa vadede reel sekt\u00f6r\u00fc olumsuz etkileyecekken, uzun vadede olumlu etkileyecektir. D\u00f6viz y\u00fckseli\u015fleri ise k\u0131sa vadede olumlu, uzun vadede ise olumsuz etkileyecek gibi g\u00f6r\u00fcn\u00fcyor. <\/span><\/p> \t\t\t\t","slug":"kur-hareketlerinin-reel-sektor-uzerine-etkisi","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":"Kur hareketlerinin reel sekt\u00f6r \u00fczerine etkisi","meta_description":"H\u0130KMET BAYDAR","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","view_count":1075,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":null,"cropped_842x474":null}]}}