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Turkish lira's real effective exchange rate rises to 91.38 in May

  ANKARA: The consumer price index-based real effective exchange rate of the Turkish lira rose to 91.38 in May f
Published June 6, 2017 Updated June 6, 2017 12:02pm
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By Shoaib Ur Rehman
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ANKARA: The consumer price index-based real effective exchange rate of the Turkish lira rose to 91.38 in May from 90.31 a month earlier, data from the central bank showed on Tuesday.

The rate, announced by the central bank, measures the weighted average of domestic prices relative to those of Turkey's trading partners.

Copyright Reuters, 2017
 

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