Markets

Turkish lira's real exchange rate falls to 109.56 in June

Published July 4, 2014 Updated July 4, 2014 12:13pm

1 min

By Shoaib Ur Rehman

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ISTANBUL: Turkey's central bank said on Friday the real effective exchange rate of the lira, which the bank is monitoring to avoid excessive volatility, fell to 109.56 in June from 110.05 in May.

The rate measures the weighted average of domestic prices relative to those of Turkey's trading partners.

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