The benchmark interest rate in the United States was last recorded at 4.25 percent. This dataset provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in China was last recorded at 3 percent. This dataset provides the latest reported value for - China Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

30 Year Mortgage Rate in the United States increased to 6.34 percent in October 2 from 6.30 percent in the previous week. This dataset includes a chart with historical data for the United States 30 Year Mortgage Rate.

The benchmark interest rate in the United Kingdom was last recorded at 4 percent. This dataset provides - United Kingdom Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Context

The Turkish Lira is losing its value against U.S. Dollar constantly. As of October 22, 2021, 1 USD = 9.61 Turkish Lira (TRY). On the other hand, interest rates are quite high, especially for the Turkish Lira.

I set out to investigate if I had $100000 in 2010 and invested this money in different interest rates in both Turkish Lira (TRY) and US Dollar (USD), which investment would bring more gain in 2021.

Content

The data has been gathered from Türkiye Cumhuriyeti Merkez Bankasi (TCMB), aka the Turkish FED, website. The data shows the historical interest rates as well as USD/TRY conversion rates between July 2010 and July 2021. The original data’s all column names and relative explanations were Turkish, so the columns are renamed and the data is cleaned.

There are ten cleaned columns on the dataset: Date, 1-month TRY interest rates, 3 months TRY interest rates, 6 months TRY interest rates, 1-year TRY interest rates, 1 month USD interest rates, 3 months USD interest rates, 6 months USD interest rates, 1 year USD interest rates, USD/TRY Buying Conversion Rate, USD/TRY Selling Conversion Rate.

** USD Buying means, the customer is selling USD to the bank/ exchange office ** USD Selling means, the customer is buying USD to the bank/ exchange office

Inspiration

Would it be more beneficial if I converted my $100000 in July 2010 to Turkish Lira, which is the equivalent of 153631.36 TRY using July 2010’s rates and invested with Turkish high-interest rates or kept my money as U.S. Dollars and invested with relatively lower U.S. Dollar interest rates until July 2021? $100000 is equivalent to 861294.12 TRY in July 2021.

The benchmark interest rate in Canada was last recorded at 2.50 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Japan was last recorded at 0.50 percent. This dataset provides - Japan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Norway was last recorded at 4 percent. This dataset provides the latest reported value for - Norway Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

BD: Deposit Interest Rate data was reported at 6.518 % pa in 2023. This records an increase from the previous number of 5.555 % pa for 2022. BD: Deposit Interest Rate data is updated yearly, averaging 8.252 % pa from Dec 1976 (Median) to 2023, with 48 observations. The data reached an all-time high of 13.663 % pa in 1991 and a record low of 5.045 % pa in 2021. BD: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bangladesh – Table BD.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;;

The benchmark interest rate in Russia was last recorded at 17 percent. This dataset provides the latest reported value for - Russia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Sweden was last recorded at 1.75 percent. This dataset provides the latest reported value for - Sweden Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Turkey was last recorded at 40.50 percent. This dataset provides the latest reported value for - Turkey Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate In the Euro Area was last recorded at 2.15 percent. This dataset provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Germany was last recorded at 4.50 percent. This dataset provides - Germany Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Mexico was last recorded at 7.50 percent. This dataset provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Netherlands was last recorded at 4.50 percent. This dataset provides - Netherlands Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Vietnam was last recorded at 4.50 percent. This dataset provides the latest reported value for - Vietnam Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Thailand was last recorded at 1.50 percent. This dataset provides - Thailand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Switzerland was last recorded at 0 percent. This dataset provides - Switzerland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in India was last recorded at 5.50 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.