{"id":51791,"date":"2026-07-28T02:00:28","date_gmt":"2026-07-28T02:00:28","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/mas-usd-sgd-gerilerken-ve-buyume-gorunumu-iyilesirken-sgd-politika-bandi-egimini-yeniden-sikilastirdi\/"},"modified":"2026-07-28T02:00:28","modified_gmt":"2026-07-28T02:00:28","slug":"mas-usd-sgd-gerilerken-ve-buyume-gorunumu-iyilesirken-sgd-politika-bandi-egimini-yeniden-sikilastirdi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/mas-usd-sgd-gerilerken-ve-buyume-gorunumu-iyilesirken-sgd-politika-bandi-egimini-yeniden-sikilastirdi\/","title":{"rendered":"MAS, USD\/SGD Gerilerken ve B\u00fcy\u00fcme G\u00f6r\u00fcn\u00fcm\u00fc \u0130yile\u015firken SGD Politika Band\u0131 E\u011fimini Yeniden S\u0131k\u0131la\u015ft\u0131rd\u0131"},"content":{"rendered":"

Singapur Para Otoritesi (MAS), para politikas\u0131n\u0131 \u00fcst \u00fcste ikinci toplant\u0131da s\u0131k\u0131la\u015ft\u0131rd\u0131; Singapur dolar\u0131 (SGD) Nominal Efektif D\u00f6viz Kuru (NEER) band\u0131n\u0131n de\u011ferlenme h\u0131z\u0131n\u0131 \u00e7ok s\u0131n\u0131rl\u0131 \u00f6l\u00e7\u00fcde art\u0131r\u0131rken band\u0131n merkezini ve geni\u015fli\u011fini de\u011fi\u015ftirmedi. MAS, ad\u0131m\u0131n nisan ay\u0131ndaki hamleden daha k\u00fc\u00e7\u00fck oldu\u011funu belirtirken, a\u00e7\u0131klama sonras\u0131 USD\/SGD yakla\u015f\u0131k 1,2890 seviyesine geriledi.<\/p>\n

Karar, enflasyonun g\u00f6rece \u0131l\u0131ml\u0131 seyretti\u011finin ve enerji fiyatlar\u0131n\u0131n nisan zirvelerinden geri geldi\u011finin ifade edildi\u011fi bir d\u00f6nemde geldi. 2026\u2019n\u0131n ilk yar\u0131s\u0131nda \u00fcretim daha g\u00fc\u00e7l\u00fc seyretti; b\u00fcy\u00fcme %6 oldu ve resm\u00ee 2026 b\u00fcy\u00fcme tahmini mevcut %2-4 aral\u0131\u011f\u0131ndan yukar\u0131 revize edilebilir. MAS, 2026 man\u015fet ve \u00e7ekirdek enflasyon tahminlerini %1,5-2,5 aral\u0131\u011f\u0131nda de\u011fi\u015ftirmedi.<\/p>\n

SGD G\u00fc\u00e7lenmesi Ortam\u0131nda T\u00fcrev \u0130\u015flem F\u0131rsatlar\u0131<\/h3>\n

\u00d6n\u00fcm\u00fczdeki haftalarda t\u00fcrev i\u015flem yapanlar\u0131n Singapur dolar\u0131nda istikrarl\u0131, kademeli bir yukar\u0131 y\u00f6nl\u00fc hareket beklentisine haz\u0131rlanmas\u0131 gerekti\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. Merkez bankas\u0131n\u0131n SGD NEER e\u011fimini az da olsa beklenmedik bi\u00e7imde dikle\u015ftirme karar\u0131 ve 2026\u2019n\u0131n ilk yar\u0131s\u0131ndaki g\u00fc\u00e7l\u00fc %6 b\u00fcy\u00fcme, para birimi i\u00e7in sa\u011flam temel desteklere i\u015faret ediyor. USD\/SGD 1,2890 civar\u0131nda seyrederken, d\u00fc\u015f\u00fck volatilite ve kademeli SGD g\u00fc\u00e7lenmesinden faydalanan k\u0131sa vadeli opsiyon stratejilerine odaklan\u0131lmas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n

Tarihsel olarak MAS, e\u011fimi \u00e7ok s\u0131n\u0131rl\u0131 art\u0131rd\u0131\u011f\u0131nda, para birimi kontroll\u00fc ve d\u00fc\u015f\u00fck volatiliteyle bir bant i\u00e7inde de\u011fer kazanma e\u011filimi g\u00f6sterir. \u00d6rne\u011fin ge\u00e7mi\u015f s\u0131k\u0131la\u015fma d\u00f6ng\u00fclerindeki benzer k\u00fc\u00e7\u00fck ayarlamalar, takip eden \u00e7eyrekte SGD\u2019nin bir para sepeti kar\u015f\u0131s\u0131nda %1,5 ila %2 de\u011fer kazanmas\u0131yla sonu\u00e7land\u0131. Bu beklenen yava\u015f y\u00fckseli\u015ften yararlanmak i\u00e7in, prim toplama stratejilerinin\u2014\u00f6rne\u011fin kullan\u0131m fiyat\u0131 piyasan\u0131n d\u0131\u015f\u0131nda (out-of-the-money) USD\/SGD al\u0131m (call) opsiyonlar\u0131n\u0131n sat\u0131\u015f\u0131\u2014kullan\u0131lmas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n

Singapur Faizleri Ve Getiri E\u011frileri A\u00e7\u0131s\u0131ndan Sonu\u00e7lar<\/h3>\n

Ayr\u0131ca Singapur\u2019un mevcut %2-4 aral\u0131\u011f\u0131ndan yukar\u0131 revize edilmesi beklenen b\u00fcy\u00fcme g\u00f6r\u00fcn\u00fcm\u00fc, yerel tahvil faizlerini y\u00fcksek tutabilir. Singapur Gecelik Faiz Ortalamas\u0131\u2019n\u0131n (SORA) g\u00fc\u00e7l\u00fc kalmas\u0131n\u0131 bekliyoruz; bu da k\u0131sa vadeli faiz swaplar\u0131nda sabit faiz alma (receive-fixed) pozisyonlar\u0131n\u0131 daha az cazip hale getiriyor. Bunun yerine, k\u0131sa vadeli SGD cinsinden faiz vadeli i\u015flemleri alarak getiri e\u011frisinin yatayla\u015fmas\u0131na y\u00f6nelik pozisyon al\u0131nmas\u0131n\u0131 tavsiye ediyoruz.<\/p>\n\n\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

MAS\u2019tan SGD\u2019ye s\u00fcrpriz mini s\u0131k\u0131la\u015ft\u0131rma: NEER e\u011fimi hafif dikle\u015fti, USD\/SGD 1,2890\u2019a indi. G\u00fc\u00e7l\u00fc %6 b\u00fcy\u00fcme destek, enflasyon \u0131l\u0131ml\u0131. Opsiyonda prim toplama, SGD\u2019de yatayla\u015fma temas\u0131 \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":49977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t