Real Effective Exchange Rate in Turkey
Turkey: Real Effective Exchange Rate was 51.58 in 2024. ▼ Falling
Real Effective 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 real effective exchange rate in Turkey is 51.58, measured in 2024.
The figure is up 10.6% on the previous year and down 39.7% over ten years.
Over the whole period, real effective exchange rate in Turkey peaked at 100.01 in 2010 and was at its lowest, 45.16, in 2022.
Turkey ranks 107th of 107 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Real Effective Exchange Rate in Turkey, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 55.04 | — |
| 1995 | 59.81 | +8.7% |
| 1996 | 60.91 | +1.9% |
| 1997 | 64.37 | +5.7% |
| 1998 | 71.03 | +10.3% |
| 1999 | 75.44 | +6.2% |
| 2000 | 84.18 | +11.6% |
| 2001 | 68.56 | -18.6% |
| 2002 | 74.71 | +9.0% |
| 2003 | 79.3 | +6.1% |
| 2004 | 81.8 | +3.1% |
| 2005 | 89.86 | +9.9% |
| 2006 | 89.05 | -0.9% |
| 2007 | 96.36 | +8.2% |
| 2008 | 97.11 | +0.8% |
| 2009 | 91.31 | -6.0% |
| 2010 | 100.01 | +9.5% |
| 2011 | 88.38 | -11.6% |
| 2012 | 91.43 | +3.5% |
| 2013 | 90.29 | -1.2% |
| 2014 | 85.52 | -5.3% |
| 2015 | 83.52 | -2.3% |
| 2016 | 81.96 | -1.9% |
| 2017 | 73.38 | -10.5% |
| 2018 | 62.55 | -14.8% |
| 2019 | 61.53 | -1.6% |
| 2020 | 55.45 | -9.9% |
| 2021 | 49.63 | -10.5% |
| 2022 | 45.16 | -9.0% |
| 2023 | 46.66 | +3.3% |
| 2024 | 51.58 | +10.6% |
Turkey compared with similar countries
- Turkey's 51.58 is below the median for upper middle income countries, which is 101.79, 51% of the median. (32 countries reporting)
- Turkey's 51.58 is below the median for Europe & Central Asia, which is 99.02, 52% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 64.43 | 55.04 | 75.44 | 6 |
| 2000s | 85.22 | 68.56 | 97.11 | 10 |
| 2010s | 81.86 | 61.53 | 100.01 | 10 |
| 2020s | 49.7 | 45.16 | 55.45 | 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 real effective exchange rate in Turkey?
- Real effective exchange rate in Turkey was 51.58 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Turkey?
- The highest recorded value was 100.01 in 2010.
- What is the lowest real effective exchange rate recorded in Turkey?
- The lowest recorded value was 45.16 in 2022.
- How does Turkey rank for real effective exchange rate?
- Turkey ranks 107th out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Turkey?
- Over the last ten years it is down 39.7%. The long-run trend across the full record is falling.
- 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 Real Effective 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
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.