By 8 June, the Turkish lira (TRY) traded at 1.83 per USD, which was 2.8% weaker than the level recorded on the same day of the previous month. The figure follows on a 6.2% depreciation recorded in the month of May. On an annual basis, the lira is 15.4% weaker than in the same month last year, making it one of the worst performers among emerging markets currencies. The Turkish lira weakened on diminishing global risk appetite, as the deterioration of the debt crisis in Europe caused a sharp strengthening of the USD versus most currencies in recent weeks.
Turkey Exchange Rate
Turkish lira weakens
June 8, 2012
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Note: Daily spot exchange rate of Turkish lira (TRY) against U.S. dollar (USD).
Source: Thomson Reuters.
Turkey Economic News
October 13, 2016
The current account balance recorded a USD 1.8 billion deficit in August (July: USD 2.7 billion deficit).
October 10, 2016
In August, industrial production expanded a calendar-adjusted 2.2% compared to the same month last year.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI), produced by the Istanbul Chamber of Industry (ICI) and IHS Markit, increased slightly to 48.3 in September from August’s 47.0, which had marked a multi-year low.
October 3, 2016
In September, consumer prices increased 0.18% over the previous month.
September 26, 2016
The Real Sector Confidence Index published by the Central Bank increased from August’s 103.6 to 106.5 in September.