Markets

Turkish lira real effective exchange rate falls to 98.51 in October

Published November 4, 2016 Updated November 4, 2016 03:27pm

1 min

By Shoaib Ur Rehman

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ANKARA: The consumer price index-based real effective exchange rate of the Turkish lira fell to 98.51 in October from a revised 99.82 in September, central bank data showed on Friday.

The rate measures the weighted average of domestic prices relative to those of Turkey's trading partners. In September 2015, the rate had hit its lowest level since January 2003.

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