Central Bank Announced: Turkish Lira Reaches 6.5-Year High!
4 Articles
4 Articles
The Central Bank of the Republic of Turkey has released its Real Effective Exchange Rate data for October. The CPI-based index rose by 2.66 points to 107.76, reaching its highest level since February 2020. Here are the details of the increase in the real value of the Turkish Lira...
According to CBRT data, the CPI-based real effective exchange rate index rose by 2.66 points in October to 107.76. The PPI-based index was 102.90. The real value of the Turkish lira increased by 7.79 points based on CPI and 2.58 points based on PPI compared to the same period last year.
According to CMB data, the CPI based Real Effective Exchange Rate index was 107.76, an increase of 2.66 points compared to the previous month in October. During the same period, the REK index based on YI-PPI increased by 1.67 points at 102.90.
The real effective exchange rate rose to 107.76, reaching its highest level since February 2020.
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