Turkish lira gains value in March

Turkish lira gained value on the basis of both the Consumer Prices Index and Producers' Prices Index in March.

Turkish lira gains value in March

Turkish lira (TL) gained value on the basis of both the Consumer Prices Index (CPI) and Producers' Prices Index (PPI) in March.

According to the Turkey's Central Bank data, CPI-based real effective exchange rate index (1995 = 100) rose 22.7 points from 159.5 to 182.2 points as PPI-based real effective exchange rate climbed 20.9 points to 156.1 points from 135.2 points.

In another word, TL gained value by 14.2 percent on the basis of CPI and by 15.4 percent on the basis of PPI in one-year period.

In March, TL lost value by 0.4 percent on the basis of CPI and it gained by 1.7 percent on the basis of PPI over the last month.

CPI-based real effective exchange rate index was 182.9 points and PPI-based real effective exchange rate index was 153.5 points in February 2010.

Changes in value of TL in one-year period are as follows:
    
     Period CPI-based PPI-based
     ---------- --------- ---------
     2009 March 159,5 135,2
     2009 April 166,9 143,1
     2009 May 168,4 143,4
     2009 June 165,3 141,7
     2009 July 168,2 143,3
     2009 August 169,2 145,1(*)
     2009 September 166,8 143,4(*)
     2009 October 170,9 144,1(*)
     2009 November 169,8 142,8(*)
     2009 December 170,2 144,1(*)
     2010 January 180,2(*) 150,0(*)
     2010 February 182,9(*) 153,5(*)
     2010 March 182,2(*) 156,1(*)
    
     (*) provisional results.
 

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Güncelleme Tarihi: 06 Nisan 2010, 16:20

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