The Dollar and the Euro Caused Investors to Lose Money in Terms of Real Returns!
According to TÜİK data, while gold has generated returns for investors over the long term, the BIST 100 has offered high returns in the short term. On the other hand, the U.S. dollar and the euro have generally resulted in losses for investors.
This article was translated automatically from Turkish. Türkçe orijinal ›
The Turkish Statistical Institute (TÜİK) announced the real rates of return on financial investment instruments for August 2025. In the assessments conducted on a monthly, quarterly, semi-annual, and annual basis, the BIST 100 index and gold bullion stood out.
On a monthly basis, the highest real return was achieved by the BIST 100 Index, at 4.15 percent when adjusted by the domestic producer price index (Yİ-ÜFE) and 4.60 percent when adjusted by the consumer price index (TÜFE). When adjusted for the DPPI, deposit interest (gross) yielded 0.77 percent, and Government Domestic Debt Securities (GDDS) yielded 0.71 percent; gold bullion lost 0.33 percent, the U.S. dollar lost 0.95 percent, and the euro lost 1.39 percent. When adjusted for the Consumer Price Index (CPI), deposit interest rates yielded 1.21%, DİBS yielded 1.15%, and gold bullion yielded 0.10%, while the U.S. dollar lost 0.52% and the euro lost 0.96%.
Over the three-month period, the BIST 100 Index provided the highest real return at 10.82 percent based on the Yİ-ÜFE and 12.12 percent based on the CPI. The U.S. dollar, on the other hand, was the investment instrument with the highest losses, at 1.47 percent based on the Yİ-ÜFE and 0.31 percent based on the TÜFE.
Over the six-month period, gold bullion provided the highest real returns at 12.64 percent relative to the YI-ÜFE and 14.14 percent relative to the TÜFE; DİBS resulted in the greatest losses, at 2.91% relative to the Yİ-ÜFE and 1.63% relative to the TÜFE.
On an annual basis, gold bullion provided the highest real return to investors, at 30.44 percent relative to the Yİ-ÜFE and 22.80 percent relative to the CPI. When adjusted for the Yİ-ÜFE, deposit interest yielded 14.65 percent, DİBS 3.70 percent, and the Euro 2.36 percent; while the U.S. Dollar lost 3.11 percent and the BIST 100 lost 11.02 percent. When adjusted for CPI, deposit interest yielded 7.94%, while government bonds lost 2.38%, the Euro lost 3.63%, the U.S. dollar lost 8.79%, and the BIST 100 lost 16.23%.
