Turkey Real Effective Exchange Rate
1994 - 2024 | Monthly | 2005=100 | CEIC Data
Key information about Turkey Real Effective Exchange Rate
- Turkey Real Effective Exchange Rate (REER: 2005=100: Month Avg: Turkey) was 55.7 in Sep 2024, compared with the number of 55.3 in the previous month.
- Turkey Real Effective Exchange Rate data is updated monthly and averaged 113.3 from Jan 1994 to Sep 2024.
- The data reached an all-time high of 113.3 in Dec 2007 and a record low of 42.2 in Dec 2021.
CEIC generates Real Effective Exchange Rate Index with base 2005=100. The Central Bank of the Republic of Turkey provides Real Effective Exchange Rate with base 2003=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.
View Turkey's Real Effective Exchange Rate from Jan 1994 to Sep 2024 in the chart:
What was Turkey's Real Effective Exchange Rate in Sep 2024?
Turkey Real Effective Exchange Rate (REER: 2005=100: Month Avg: Turkey) was 55.7 in Sep 2024, compared with the number of 55.3 in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 55.7 Sep 2024 | 55.3 Aug 2024 | 42.2 Dec 2021 | 113.3 Dec 2007 | 2005=100 | monthly | Jan 1994 - Sep 2024 |
Real Effective Exchange Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Algeria (2005=100) | 105.2 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Argentina (2005=100) | 53.3 Sep 2024 | monthly | Jan 1997 - Sep 2024 |
| Armenia (2005=100) | 233.3 Aug 2024 | monthly | Jan 1997 - Aug 2024 |
| Australia (2005=100) | 105.0 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Austria (2005=100) | 103.8 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Azerbaijan (2005=100) | 147.4 Aug 2024 | monthly | Jan 2005 - Aug 2024 |
| Bahrain (2005=100) | 95.2 Aug 2024 | monthly | Jan 1980 - Aug 2024 |
| Bangladesh (2015-2016=100) | 102.0 2023 | yearly | 2011 - 2023 |
| Belarus (2005=100) | 101.0 Dec 2014 | monthly | Jan 1996 - Dec 2014 |
| Belgium (2005=100) | 102.7 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Bolivia (2005=100) | 53.3 Aug 2024 | monthly | Jan 1991 - Aug 2024 |
| Bosnia and Herzegovina (2005=100) | 96.1 Jul 2024 | monthly | Jan 2005 - Jul 2024 |
| Botswana (Dec2018=100) | 97.1 Aug 2023 | monthly | Dec 2009 - Aug 2023 |
| Brazil (2005=100) | 83.3 Jul 2024 | monthly | Jan 1988 - Jul 2024 |
| Bulgaria (2005=100) | 129.8 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Canada (2005=100) | 91.1 Jun 2024 | monthly | Jan 1999 - Jun 2024 |
| Chile (2005=100) | 109.9 Aug 2024 | monthly | Jan 1986 - Aug 2024 |
| China (2005=100) | 135.1 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Colombia (2005=100) | 116.6 Sep 2024 | monthly | Jan 1990 - Sep 2024 |
| Croatia (2005=100) | 103.1 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Cyprus (2005=100) | 91.8 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Czech Republic (2005=100) | 152.4 May 2023 | monthly | Jan 1995 - May 2023 |
| Denmark (2005=100) | 96.8 Dec 2023 | monthly | Jan 1970 - Dec 2023 |
| Ecuador (2007=100) | 110.3 Nov 2017 | monthly | Jan 2011 - Nov 2017 |
| Estonia (2005=100) | 143.8 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| European Union (2005=100) | 92.6 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Finland (2005=100) | 93.8 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| France (2005=100) | 91.5 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Georgia (2005=100) | 133.3 Aug 2024 | monthly | Dec 1995 - Aug 2024 |
| Germany (2005=100) | 95.2 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Ghana (2005=100) | 67.5 Aug 2024 | monthly | Dec 1979 - Aug 2024 |
| Greece (2005=100) | 94.4 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Hong Kong SAR, China (2005=100) | 106.9 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Hungary (2005=100) | 100.5 Jul 2024 | monthly | Jan 1990 - Jul 2024 |
| Iceland (2005=100) | 88.6 Sep 2024 | monthly | Jan 1979 - Sep 2024 |
| India (2005=100) | 115.9 Aug 2024 | monthly | Apr 2004 - Aug 2024 |
| Indonesia (2005=100) | 113.2 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Iran (2005=100) | 866.7 Aug 2024 | monthly | Jan 1979 - Aug 2024 |
| Ireland (2005=100) | 84.4 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Israel (2005=100) | 120.3 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Italy (2005=100) | 94.5 Jun 2023 | monthly | Jan 1993 - Jun 2023 |
| Ivory Coast (2005=100) | 99.9 Aug 2024 | monthly | Dec 1979 - Aug 2024 |
| Japan (2005=100) | 56.7 Aug 2024 | monthly | Jan 1970 - Aug 2024 |
| Kazakhstan (2005=100) | 99.7 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
| Kenya (2005=100) | 73.5 Aug 2015 | monthly | Oct 1997 - Aug 2015 |
| South Korea (2005=100) | 82.4 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Kosovo (Jan2007=100) | 118.5 Aug 2024 | monthly | Dec 2006 - Aug 2024 |
| Kyrgyzstan (2005=100) | 138.3 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Latvia (2005=100) | 130.7 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Lithuania (2005=100) | 130.7 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Luxembourg (2005=100) | 98.7 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| North Macedonia (2005=100) | 111.5 May 2023 | monthly | Jan 1993 - May 2023 |
| Malawi (2010=100) | 88.3 Aug 2024 | monthly | Dec 1979 - Aug 2024 |
| Malaysia (2005=100) | 92.6 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Malta (2005=100) | 97.1 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Mexico (2005=100) | 99.3 Aug 2024 | monthly | Jan 1968 - Aug 2024 |
| Moldova (2005=100) | 224.4 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Mongolia (2005=100) | 121.5 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Morocco (2005=100) | 93.5 Aug 2024 | monthly | Jan 1988 - Aug 2024 |
| Netherlands (2005=100) | 98.5 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| New Zealand (2005=100) | 96.6 Aug 2024 | monthly | Jan 1984 - Aug 2024 |
| Nigeria (2005=100) | 72.5 Aug 2024 | monthly | Dec 1979 - Aug 2024 |
| Norway (2005=100) | 73.0 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Pakistan (2010=100) | 98.8 Dec 2023 | monthly | Jan 2013 - Dec 2023 |
| Paraguay (2005=100) | 69.9 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Peru (2005=100) | 93.9 Sep 2024 | monthly | Jan 1991 - Sep 2024 |
| Philippines (2005=100) | 138.8 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Poland (2005=100) | 115.8 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Portugal (2005=100) | 93.1 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Romania (2005=100) | 113.5 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Russia (2005=100) | 95.8 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Saudi Arabia (2005=100) | 123.8 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Serbia (2005=100) | 143.2 Aug 2024 | monthly | Jan 2002 - Aug 2024 |
| Singapore (2005=100) | 136.8 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Slovakia (2005=100) | 138.9 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Slovenia (2005=100) | 101.1 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| South Africa (2005=100) | 89.0 Jul 2024 | monthly | Jan 1970 - Jul 2024 |
| Spain (2005=100) | 97.3 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Sri Lanka (2017=100) | 72.8 Aug 2024 | monthly | Jan 2013 - Aug 2024 |
| Sweden (2005=100) | 79.5 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Switzerland (2005=100) | 116.1 Sep 2024 | monthly | Jan 1973 - Sep 2024 |
| Taiwan (2005=100) | 90.5 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Thailand (2005=100) | 119.9 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
| Tunisia (2005=100) | 84.2 Aug 2024 | monthly | Jan 1979 - Aug 2024 |
| Turkey (2005=100) | 55.7 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Ukraine (2005=100) | 80.9 Aug 2024 | monthly | Dec 1992 - Aug 2024 |
| United Arab Emirates (2005=100) | 124.0 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| United Kingdom (2005=100) | 89.2 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| United States (Jan2006=100) | 115.5 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Uruguay (2005=100) | 45.3 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Venezuela (2005=100) | 0.8 Feb 2019 | monthly | Jan 1994 - Feb 2019 |
| Zambia (2005=100) | 123.6 Jun 2024 | monthly | Jan 2013 - Jun 2024 |
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Learn more about what we doTurkey Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.6 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | -5,077.405 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Tax Revenue (USD mn) | 17,168.546 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Tax Revenue: % of GDP (%) | 18.8 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| National Government Debt (USD mn) | 254,513.1 2022 | yearly | 2001 - 2022 |
| Government Debt: % of GDP (%) | 26.1 Jun 2024 | quarterly | Dec 2001 - Jun 2024 |
| Forecast: Government Expenditure (TRY bn) | 41,984.044 2029 | yearly | 2000 - 2029 |
| Forecast: Government Net Debt (TRY bn) | 60,762.080 2028 | yearly | 2000 - 2028 |
| Forecast: Government Revenue (TRY bn) | 37,733.782 2029 | yearly | 2000 - 2029 |
| General Budget: Revenue (TRY mn) | 781,938.740 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| General Budget: Expenditure (TRY mn) | 982,904.000 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| General Budget: Cash Balance (TRY mn) | -200,965.260 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 2,640,391,293.373 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| General Budget: ytd: Revenue: Tax (TRY th) | 4,401,814,635.075 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| General Budget: ytd: Revenue (TRY th) | 5,130,599,988.193 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 6,131,693,836.811 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 1,444,500,658.563 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| General Budget: ytd: Balance (TRY th) | -1,001,093,848.618 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 276,576,454.364 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Central Government Debt: External (TRY mn) | 538,505.357 Mar 2019 | monthly | Jan 2002 - Mar 2019 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.230 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -8,483.7 Apr 2023 | monthly | Jan 2013 - Apr 2023 |
| Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Exports Growth (%) | 0.9 May 2023 | monthly | Jan 2014 - May 2023 |
| Aluminum: Exports (USD th) | 3,833,134.665 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 1,290,644.710 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 651,764.672 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Imports Growth (%) | 6.5 May 2023 | monthly | Jan 2014 - May 2023 |
| Imports: Medicament (USD th) | 2,306,593.258 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 2,692,489.997 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 1,338.775 Aug 2024 | monthly | Apr 1964 - Aug 2024 |
| Total Imports from USA (USD mn) | 1,341.806 Aug 2024 | monthly | Apr 1964 - Aug 2024 |
| Total Exports to China (USD mn) | 290.803 Aug 2024 | monthly | Jan 2013 - Aug 2024 |
| Total Imports from China (USD mn) | 4,020.533 Aug 2024 | monthly | Sep 1992 - Aug 2024 |
| Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
| Natural Gas: Annual: Production (Cub m mn) | 851.970 2023 | yearly | 1976 - 2023 |
| Export Value Index (2015=100) | 149.169 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 127.060 2021 | yearly | 1980 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.7 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
| Household Debt: % of GDP (%) | 11.0 Mar 2024 | quarterly | Dec 2014 - Mar 2024 |
| Non-Performing Loans (USD mn) | 7,454.740 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Money Supply M1 (USD mn) | 175,051.629 Aug 2024 | monthly | Dec 1963 - Aug 2024 |
| Money Supply M2 (USD mn) | 478,365.263 Aug 2024 | monthly | Dec 1976 - Aug 2024 |
| M2 Growth (%) | 36.1 Aug 2024 | monthly | Dec 1977 - Aug 2024 |
| Reserve Requirement Ratio (%) | 8.0 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
| Foreign Exchange Reserves (USD mn) | 81,085.0 Sep 2024 | monthly | Apr 2000 - Sep 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 6.544 Jun 2024 | quarterly | Jun 2000 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 3.0 Sep 2024 | monthly | Apr 2000 - Sep 2024 |
| Gold Reserves (USD mn) | 57,153.000 Jul 2024 | monthly | Dec 1956 - Jul 2024 |
| Total Deposits (USD mn) | 513,567.654 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Total Deposits Growth (%) | 35.0 Aug 2024 | monthly | Dec 2003 - Aug 2024 |
| Domestic Credit (USD mn) | 554,537.7 Aug 2024 | monthly | Jan 1986 - Aug 2024 |
| Domestic Credit Growth (%) | 40.9 Aug 2024 | monthly | Jan 1987 - Aug 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 31.400 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Credit to Households (USD bn) | 96.972 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 523.532 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
| Household Debt (USD mn) | 97,288.4 Aug 2024 | monthly | Jan 1986 - Aug 2024 |
| Total Loans (USD mn) | 352,000.542 Aug 2024 | monthly | Jan 1986 - Aug 2024 |
| Total Loans Growth (%) | 40.02 Aug 2024 | monthly | Jan 1987 - Aug 2024 |
| Private Debt: % of Nominal GDP (%) | 30.57 Jun 2024 | quarterly | Dec 1998 - Jun 2024 |
| Money Supply: M3 (TRY th) | 17,671,932,550.000 Aug 2024 | monthly | Dec 2005 - Aug 2024 |
| Consumer Loans: BS: Non Performing (TRY mn) | 44,128.499 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Consumer Loans: Banking Sector (BS): Loan (TRY mn) | 1,801,524.502 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Consumer Loans: BS: Loan: Housing (TRY mn) | 456,695.444 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 1.687 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -5.9 Sep 2024 | monthly | Jan 2008 - Sep 2024 |
| Composite Leading Indicator Index: Trend Restored (NA) | 394.200 Aug 2024 | monthly | Dec 1987 - Aug 2024 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 99.200 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 110.600 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 87.803 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 112.563 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
More Indicators for Turkey
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