Markets

Turkish lira's real effective exchange rate hits 12.5-year low

Published October 6, 2015 Updated October 6, 2015 12:07pm

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

ISTANBUL: The consumer price index-based real effective exchange rate of the lira fell to 90.95 in September from 95.22 in August, hitting the lowest level since January 2003 when it stood at 89.55, central bank data showed on Tuesday.

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

Read Comments