The Effect of Foreign Currency Position on Firm Profitability: The Example of Borsa Istanbul

With the effect of globalization, rapprochement between countries in all areas life has also facilitated circulation international capital. This convenience enabled companies to access foreign resources. Thus, exchange rate risk and management this have become important for businesses that realize some their financing needs currencies open economies. In study, which we done based on idea, profitability financials through currency net positions company balance sheets been examined. Firms BIST 100 (Borsa Istanbul 100) index were chosen as sample study. The within scope review are considered financial, non-financial, non-exporting, exporting companies. data set 39 quarterly period 2012:Q1-2021:Q3 constitutes research. analyzes made, findings obtained FX position firm's profitability.