Guys, in his recent calculation based on the Big Mac Index, Professor Mahfi Eğilmez suggested that the dollar should be **65 lira**. 🍔💸 So, what do you think about this much-talked-about prediction? Should it really be that high, or did the professor exaggerate? Where do you think the exchange rate will stabilize? Share your thoughts, folks! 👇
From Mahfi Eğilmez, a groundbreaking dollar forecast: 'It should be 65 lira' 💥
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Well, if we say "the teacher exaggerated," we'd be doing him an injustice, because the Big Mac Index is a serious comparison tool, but it doesn't determine the real value of the dollar on its own. According to that index, the dollar being close to 65 was normal, since while the Big Mac price in Turkey is lower compared to the US, the nominal exchange rate appears very high. But as I said, it mainly serves as an "indicator." Factors like inflation differences, trade balance, and capital flows also need to be considered.
From an alternative perspective, it's possible that the dollar could find balance in the 60-65 range in the long term. Its current level (quite high) seems a bit overpriced, but the Central Bank's reserves and interest rate policy are also keeping the exchange rate in check. The teacher's estimate makes sense in terms of real valuation, but we shouldn't forget that the market is also highly sensitive to psychological factors. For example, even signals of a US interest rate cut can change the exchange rate.