Markets

Turkish lira's April real effective exchange rate highest in a year

Published May 4, 2016 Updated May 4, 2016 02:28pm

1 min

By Shoaib Ur Rehman

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ANKARA: The consumer price index-based real effective exchange rate of the Turkish lira rose to 100.81 in April, its highest level in a year, from a revised 100.23 in March, central bank data showed on Wednesday.

The rate measures the weighted average of domestic prices relative to those of Turkey's trading partners. In September, the rate had hit the lowest level since January 2003.

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