ISTANBUL: Turkey's central bank said on Tuesday the real effective exchange rate of the lira, which the bank is monitoring to avoid excessive volatility, fell to 102.62 in April from a revised 104.01 in March.

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

The bank said it had changed the way it calculates the real effective rate because of higher foreign trade volumes.

Copyright Reuters, 2015