Nominal Effecive Exchange Rate in Turkey
Turkey: Nominal Effecive Exchange Rate was 6.05 in 2024. ◆ Volatile
Nominal Effecive Exchange Rate in Turkey, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
The most recent figure for nominal effecive exchange rate in Turkey is 6.05, measured in 2024. That is the lowest value across all 31 years on record.
Compared with earlier readings it is down 28.0% on the previous year and down 91.4% over ten years.
Over the whole period, nominal effecive exchange rate in Turkey peaked at 4,958 in 1994 and was at its lowest, 6.05, in 2024.
That places Turkey 111th out of 112 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Nominal Effecive Exchange Rate in Turkey, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 4,958 | — |
| 1995 | 2,825 | -43.0% |
| 1996 | 1,678 | -40.6% |
| 1997 | 1,017 | -39.4% |
| 1998 | 618.32 | -39.2% |
| 1999 | 416.34 | -32.7% |
| 2000 | 305.06 | -26.7% |
| 2001 | 172.43 | -43.5% |
| 2002 | 128.56 | -25.4% |
| 2003 | 114.2 | -11.2% |
| 2004 | 111.61 | -2.3% |
| 2005 | 116.57 | +4.4% |
| 2006 | 108.58 | -6.9% |
| 2007 | 111.35 | +2.6% |
| 2008 | 107.11 | -3.8% |
| 2009 | 96.43 | -10.0% |
| 2010 | 100.01 | +3.7% |
| 2011 | 86.36 | -13.7% |
| 2012 | 84.27 | -2.4% |
| 2013 | 79.18 | -6.0% |
| 2014 | 70.04 | -11.5% |
| 2015 | 64.67 | -7.7% |
| 2016 | 59.7 | -7.7% |
| 2017 | 49.18 | -17.6% |
| 2018 | 37.16 | -24.4% |
| 2019 | 32.11 | -13.6% |
| 2020 | 26.21 | -18.4% |
| 2021 | 20.4 | -22.2% |
| 2022 | 11.72 | -42.5% |
| 2023 | 8.4 | -28.3% |
| 2024 | 6.05 | -28.0% |
Turkey compared with similar countries
- Turkey's 6.05 is below the median for upper middle income countries, which is 102.78, 6% of the median. (32 countries reporting)
- Turkey's 6.05 is below the median for Europe & Central Asia, which is 103.13, 6% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,919 | 416.34 | 4,958 | 6 |
| 2000s | 137.19 | 96.43 | 305.06 | 10 |
| 2010s | 66.27 | 32.11 | 100.01 | 10 |
| 2020s | 14.56 | 6.05 | 26.21 | 5 |
Countries ranked near Turkey
More reference data data for Turkey
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.815 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 10.96 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 22.31 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 1.72 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 22.31 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 2.73 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.1 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 53.65 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 103 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 9.35 (2050)
Frequently asked questions
- What is nominal effecive exchange rate in Turkey?
- Nominal effecive exchange rate in Turkey was 6.05 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest nominal effecive exchange rate recorded in Turkey?
- The highest recorded value was 4,958 in 1994.
- What is the lowest nominal effecive exchange rate recorded in Turkey?
- The lowest recorded value was 6.05 in 2024.
- How does Turkey rank for nominal effecive exchange rate?
- Turkey ranks 111th out of 112 countries with data for 2024.
- Is nominal effecive exchange rate rising or falling in Turkey?
- Over the last ten years it is down 91.4%. The long-run trend across the full record is volatile.
- Where does this Turkey data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Nominal Effecive Exchange Rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
A measure of the value of a currency against a weighted average of several foreign currencies