Historical dataset of the daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate.

The benchmark interest rate in Mexico was last recorded at 9.50 percent. This dataset provides - Mexico 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.

View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.

The benchmark interest rate In the Euro Area was last recorded at 2.65 percent. This dataset provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Sweden was last recorded at 2.25 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 China was last recorded at 3.10 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.

The benchmark interest rate in Australia was last recorded at 4.10 percent. This dataset provides - Australia 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 Thailand was last recorded at 2 percent. This dataset provides - Thailand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Bank of England Policy Rate in the United Kingdom (BOERUKM) from Nov 1694 to Jan 2017 about academic data, United Kingdom, and rate.

The benchmark interest rate in Norway was last recorded at 4.50 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.

The benchmark interest rate in Hong Kong was last recorded at 4.75 percent. This dataset provides the latest reported value for - Hong Kong 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 Brazil was last recorded at 14.25 percent. This dataset provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Switzerland was last recorded at 0.25 percent. This dataset provides - Switzerland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Effective Federal Funds Rate in the United States remained unchanged at 4.33 percent on Tuesday February 11. This dataset includes a chart with historical data for the United States Effective Federal Funds Rate.

The benchmark interest rate in India was last recorded at 6.25 percent. This dataset provides - India 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 Taiwan was last recorded at 2 percent. This dataset provides the latest reported value for - Taiwan Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States Interest Rate Swaps: Mth Avg: 10 Year data was reported at 3.174 % pa in Nov 2018. This records a decrease from the previous number of 3.205 % pa for Oct 2018. United States Interest Rate Swaps: Mth Avg: 10 Year data is updated monthly, averaging 3.587 % pa from Jul 2000 (Median) to Nov 2018, with 221 observations. The data reached an all-time high of 7.237 % pa in Jul 2000 and a record low of 1.393 % pa in Jul 2016. United States Interest Rate Swaps: Mth Avg: 10 Year data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M014: Interest Rate: Swaps Rates.