{"id":31286,"date":"2026-03-27T02:02:14","date_gmt":"2026-03-27T02:02:14","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/commerzbank-marcosun-olaganustu-hal-ilaninin-artan-enerji-maliyetleriyle-birlikte-pesoyu-baskilamasiyla-usd-phpnin-6010a-yukseldigini-soyledi\/"},"modified":"2026-03-27T02:02:14","modified_gmt":"2026-03-27T02:02:14","slug":"commerzbank-marcosun-olaganustu-hal-ilaninin-artan-enerji-maliyetleriyle-birlikte-pesoyu-baskilamasiyla-usd-phpnin-6010a-yukseldigini-soyledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/commerzbank-marcosun-olaganustu-hal-ilaninin-artan-enerji-maliyetleriyle-birlikte-pesoyu-baskilamasiyla-usd-phpnin-6010a-yukseldigini-soyledi\/","title":{"rendered":"Commerzbank, Marcos\u2019un ola\u011fan\u00fcst\u00fc h\u00e2l ilan\u0131n\u0131n artan enerji maliyetleriyle birlikte pesoyu bask\u0131lamas\u0131yla USD\/PHP\u2019nin 60,10\u2019a y\u00fckseldi\u011fini s\u00f6yledi"},"content":{"rendered":"USD\/PHP, Ba\u015fkan Ferdinand Marcos Jr.\u2019\u0131n artan enerji fiyatlar\u0131na yan\u0131t olarak \u00fclke \u00e7ap\u0131nda ola\u011fan\u00fcst\u00fc h\u00e2l ilan etmesinin ard\u0131ndan %0,3 y\u00fckselerek 60,10\u2019a \u00e7\u0131kt\u0131. Filipin pesosu 2026\u2019da \u015fu ana kadar ABD dolar\u0131na kar\u015f\u0131 %2,1 geriledi.\n\nOla\u011fan\u00fcst\u00fc h\u00e2l karar\u0131, yak\u0131t tedarikini g\u00fcvenceye almak ve t\u00fcketiciler ile \u015firketler i\u00e7in daha y\u00fcksek enerji maliyetlerini s\u0131n\u0131rlamaya y\u00f6nelik ad\u0131mlar\u0131 h\u0131zland\u0131rmak i\u00e7in y\u00fcr\u00fctmenin yetkilerini geni\u015fletiyor. \u00dclkede en son 2020\u2019de COVID-19 salg\u0131n\u0131 s\u0131ras\u0131nda ola\u011fan\u00fcst\u00fc h\u00e2l ilan edilmi\u015fti.\n\n

Ola\u011fan\u00fcst\u00fc H\u00e2l Karar\u0131n\u0131n S\u00fcresi ve Tedarik Plan\u0131<\/h3>\nKarar\u0131n, Ba\u015fkan taraf\u0131ndan uzat\u0131lmad\u0131\u011f\u0131 veya ask\u0131ya al\u0131nmad\u0131\u011f\u0131 s\u00fcrece bir y\u0131l y\u00fcr\u00fcrl\u00fckte kalmas\u0131 planlan\u0131yor. Enerji \u00fcr\u00fcnleri (petrol, do\u011falgaz gibi), g\u0131da, ila\u00e7 ve di\u011fer temel ihtiya\u00e7lar\u0131 do\u011frudan sat\u0131n almak i\u00e7in bir komite kurulacak.\n\nEnerji Bakanl\u0131\u011f\u0131\u2019na enerji fiyatlar\u0131na y\u00f6nelik denetimi s\u0131k\u0131la\u015ft\u0131rmas\u0131 ve a\u015f\u0131r\u0131 k\u00e2r ama\u00e7l\u0131 fiyatlama (f\u0131rsat\u00e7\u0131l\u0131k) ile m\u00fccadele etmesi talimat\u0131 verildi. Ula\u015ft\u0131rma Bakanl\u0131\u011f\u0131 akaryak\u0131t ve yolcu \u00fccretlerine destek (s\u00fcbvansiyon) sa\u011flayacak, havac\u0131l\u0131k vergilerini ask\u0131ya alacak ve toplu ta\u015f\u0131man\u0131n \u00e7al\u0131\u015fma saatlerini uzatacak.\n\nH\u00fck\u00fcmet ayr\u0131ca enerji kullan\u0131m\u0131n\u0131 azaltmak i\u00e7in ge\u00e7ici olarak d\u00f6rt g\u00fcnl\u00fck \u00e7al\u0131\u015fma haftas\u0131 uygulamas\u0131 ba\u015flatt\u0131. Yetkililer, pesoyu desteklemek i\u00e7in d\u00f6viz rezervlerinin (Merkez Bankas\u0131\u2019n\u0131n elindeki yabanc\u0131 para varl\u0131klar\u0131) kullan\u0131lma ihtimalinin d\u00fc\u015f\u00fck oldu\u011funa i\u015faret ederek b\u00f6yle bir ad\u0131m\u0131 \u201csonu\u00e7suz\u201d olarak nitelendirdi.\n\n

Filipin Pesosu \u0130\u00e7in Piyasa Etkileri<\/h3>\nBu de\u011fi\u015fim, \u00fclkenin br\u00fct uluslararas\u0131 rezervleri (Merkez Bankas\u0131\u2019n\u0131n toplam d\u00f6viz ve alt\u0131n dahil d\u0131\u015f varl\u0131klar\u0131) zaten bask\u0131 alt\u0131ndayken geliyor. Rezervler ge\u00e7en ay, 2025 sonundaki 100 milyar dolar\u0131n \u00fczerindeki seviyeden yakla\u015f\u0131k 98 milyar dolara geriledi. Yeni ola\u011fan\u00fcst\u00fc h\u00e2l yetkileri; destek \u00f6demeleri (s\u00fcbvansiyonlar) ve do\u011frudan al\u0131m gibi ad\u0131mlar i\u00e7erdi\u011fi i\u00e7in, b\u00fct\u00e7e a\u00e7\u0131\u011f\u0131n\u0131n (kamu gelir-gider fark\u0131) ba\u015flang\u0131\u00e7ta \u00f6ng\u00f6r\u00fclen GSYH\u2019nin %5,5\u2019i seviyesinin \u00fczerine \u00e7\u0131kma olas\u0131l\u0131\u011f\u0131 art\u0131yor. Bu ek mali y\u00fck, para birimi \u00fczerinde temel bir bask\u0131 unsuru olu\u015fturuyor.\n\nMerkez Bankas\u0131 m\u00fcdahalesi riskinin azalmas\u0131 dikkate al\u0131nd\u0131\u011f\u0131nda, PHP\u2019ye kar\u015f\u0131 USD al\u0131m opsiyonu (belirli bir tarihe kadar belirli fiyattan dolar alma hakk\u0131; risk primle s\u0131n\u0131rl\u0131d\u0131r) de\u011ferlendirilebilir. Bu strateji, riskin \u00f6nceden belirli oldu\u011fu bir yap\u0131yla pesodaki zay\u0131flaman\u0131n s\u00fcrmesine pozisyon almaya imk\u00e2n verir ve 60,50 \u00fczeri olas\u0131 bir harekete odaklan\u0131r.\n\n2020\u2019deki ola\u011fan\u00fcst\u00fc h\u00e2l d\u00f6nemine bak\u0131ld\u0131\u011f\u0131nda, kur oynakl\u0131\u011f\u0131nda (fiyatlar\u0131n h\u0131zl\u0131 ve sert de\u011fi\u015fmesi) benzer bi\u00e7imde keskin bir art\u0131\u015f g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Piyasa bu \u00f6nlemlerin etkisini fiyatlad\u0131k\u00e7a USD\/PHP opsiyonlar\u0131nda ima edilen oynakl\u0131\u011f\u0131n (opsiyon fiyatlar\u0131n\u0131n i\u015faret etti\u011fi beklenen dalgalanma) y\u00fckselmesi beklenebilir. Bu durum, yaln\u0131zca y\u00f6n tahmini de\u011fil, belirsizli\u011fin artmas\u0131ndan faydalanan stratejiler i\u00e7in de zemin olu\u015fturabilir.\n

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Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

Enerji \u015foku Filipinler\u2019de ola\u011fan\u00fcst\u00fc h\u00e2l getirdi: USD\/PHP %0,3 art\u0131\u015fla 60,10. Peso 2026\u2019da %2,1 d\u00fc\u015ft\u00fc. Rezervler 98 milyar $. Artan s\u00fcbvansiyonlar b\u00fct\u00e7e a\u00e7\u0131\u011f\u0131n\u0131 b\u00fcy\u00fct\u00fcp oynakl\u0131\u011f\u0131 t\u0131rmand\u0131rabilir.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-31286","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=31286"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31286\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}