{"id":47590,"date":"2026-05-28T17:29:22","date_gmt":"2026-05-28T17:29:22","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/rusya-merkez-bankasi-rezervleri-151-milyar-dolar-dususle-7538-milyar-dolara-geriledi-rublenin-oynakligi-artarken-faiz-artisi-beklentileri-guclendi\/"},"modified":"2026-05-28T17:29:22","modified_gmt":"2026-05-28T17:29:22","slug":"rusya-merkez-bankasi-rezervleri-151-milyar-dolar-dususle-7538-milyar-dolara-geriledi-rublenin-oynakligi-artarken-faiz-artisi-beklentileri-guclendi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/rusya-merkez-bankasi-rezervleri-151-milyar-dolar-dususle-7538-milyar-dolara-geriledi-rublenin-oynakligi-artarken-faiz-artisi-beklentileri-guclendi\/","title":{"rendered":"Rusya Merkez Bankas\u0131 rezervleri 15,1 milyar dolar d\u00fc\u015f\u00fc\u015fle 753,8 milyar dolara geriledi; rublenin oynakl\u0131\u011f\u0131 artarken faiz art\u0131\u015f\u0131 beklentileri g\u00fc\u00e7lendi"},"content":{"rendered":"<p>Rusya Merkez Bankas\u0131\u2019n\u0131n rezervleri, \u00f6nceki 768,9 milyar dolardan 753,8 milyar dolara geriledi. Bu hareketle toplam rezervler d\u00f6nem i\u00e7inde 15,1 milyar dolar azald\u0131.<\/p>\n<p>Bu veriler, Rusya Merkez Bankas\u0131\u2019n\u0131n tuttu\u011fu uluslararas\u0131 rezerv stokunu ifade ediyor. G\u00fcncellenen toplam\u0131n yan\u0131nda ek bir k\u0131r\u0131l\u0131m (kalemlere ayr\u0131nt\u0131) veya nedenlere ili\u015fkin bilgi payla\u015f\u0131lmad\u0131.<\/p>\n<h3>Ruble ve D\u00f6viz Piyasalar\u0131 \u0130\u00e7in Anlam\u0131<\/h3>\n<p>Rezervlerin 15,1 milyar dolar d\u00fc\u015ferek 753,8 milyar dolara gerilemesi, ruble a\u00e7\u0131s\u0131ndan \u00f6nemli bir uyar\u0131 i\u015fareti olarak g\u00f6r\u00fcl\u00fcyor. B\u00f6yle bir rezerv kullan\u0131m\u0131 \u00e7o\u011fu zaman merkez bankas\u0131n\u0131n kurunu desteklemek i\u00e7in piyasaya m\u00fcdahale etti\u011fini (d\u00f6viz al\u0131m-sat\u0131m\u0131yla kura etki etmeye \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131) g\u00f6sterir. Bu durum, \u00f6n\u00fcm\u00fczdeki haftalarda USD\/RUB paritesinde oynakl\u0131\u011f\u0131n (fiyat dalgalanmas\u0131n\u0131n) artma olas\u0131l\u0131\u011f\u0131n\u0131 y\u00fckseltir.<\/p>\n<p>Rezervlerdeki bu d\u00fc\u015f\u00fc\u015f, para birimini korumak i\u00e7in merkez bankas\u0131 \u00fczerinde faiz art\u0131rma bask\u0131s\u0131 olu\u015fturur. Piyasa \u015fu anda bir sonraki toplant\u0131da faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 %70 olarak fiyatl\u0131yor; bu oran ge\u00e7en hafta %30\u2019du. Bu nedenle faiz takas\u0131 (faiz swap\u0131: sabit faiz ile de\u011fi\u015fken faizin takas edildi\u011fi s\u00f6zle\u015fme) ve vadeli faiz anla\u015fmalar\u0131nda (FRA: gelecekte uygulanacak faizi bug\u00fcnden sabitleyen s\u00f6zle\u015fme) fiyatlamalar\u0131n de\u011fi\u015fip de\u011fi\u015fmedi\u011fi izlenmeli.<\/p>\n<p>Oynakl\u0131\u011fa odaklanan yat\u0131r\u0131mc\u0131lar i\u00e7in bu, daha temkinli olmay\u0131 gerektiren net bir sinyal. 1 ayl\u0131k USD\/RUB opsiyonlar\u0131nda \u00f6rt\u00fck oynakl\u0131k (implied volatility: opsiyon fiyat\u0131n\u0131n ima etti\u011fi beklenen dalgalanma) haber sonras\u0131 %22\u2019den %26\u2019ya \u00e7\u0131kt\u0131. Oynakl\u0131k stratejileri i\u00e7inde straddle veya strangle (straddle: ayn\u0131 vade ve kullan\u0131m fiyat\u0131nda al\u0131m-sat\u0131m opsiyonu birlikte; strangle: ayn\u0131 vade, farkl\u0131 kullan\u0131m fiyatlar\u0131nda al\u0131m-sat\u0131m opsiyonu birlikte) gibi yap\u0131lar, kurda sert hareket ihtimali artt\u0131\u011f\u0131nda \u00f6ne \u00e7\u0131kabilir.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rusya MB rezervleri 15,1 milyar dolar eriyerek 753,8 milyar dolara indi: Ruble i\u00e7in alarm. M\u00fcdahale\/faiz art\u0131\u015f\u0131 beklentisi t\u0131rman\u0131yor; USD\/RUB oynakl\u0131\u011f\u0131 y\u00fckseldi, opsiyonlarda straddle\/strangle \u00f6ne \u00e7\u0131k\u0131yor.<\/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-47590","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\/47590","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=47590"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47590\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=47590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=47590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=47590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}