Turkey Real Effective Exchange Rate
1994 - 2025 | 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 63.7 in Nov 2025, compared with the number of 63.8 in the previous month.
- Turkey Real Effective Exchange Rate data is updated monthly and averaged 113.3 from Jan 1994 to Nov 2025.
- The data reached an all-time high of 113.3 in Dec 2007 and a record low of 44.6 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 Nov 2025 in the chart:
What was Turkey's Real Effective Exchange Rate in Nov 2025?
Turkey Real Effective Exchange Rate (REER: 2005=100: Month Avg: Turkey) was 63.7 in Nov 2025, compared with the number of 63.8 in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 63.7 Nov 2025 | 63.8 Oct 2025 | 44.6 Dec 2021 | 113.3 Dec 2007 | 2005=100 | monthly | Jan 1994 - Nov 2025 |
Real Effective Exchange Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Algeria (2005=100) | 100.3 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Argentina (2005=100) | 59.5 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| Armenia (2005=100) | 230.6 Sep 2025 | monthly | Jan 1997 - Sep 2025 |
| Australia (2005=100) | 102.4 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Austria (2005=100) | 105.9 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Azerbaijan (2005=100) | 142.9 Sep 2025 | monthly | Jan 2005 - Sep 2025 |
| Bahrain (2005=100) | 90.6 Sep 2025 | monthly | Jan 1980 - Sep 2025 |
| Bangladesh (2015-2016=100) | 99.5 2024 | yearly | 2011 - 2024 |
| Belarus (2005=100) | 101.0 Dec 2014 | monthly | Jan 1996 - Dec 2014 |
| Belgium (2005=100) | 105.0 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Bolivia (2005=100) | 48.8 Aug 2025 | monthly | Jan 1991 - Aug 2025 |
| Bosnia and Herzegovina (2005=100) | 97.9 Aug 2025 | monthly | Jan 2005 - Aug 2025 |
| Botswana (Dec2018=100) | 95.1 Sep 2025 | monthly | Dec 2009 - Sep 2025 |
| Brazil (2005=100) | 87.9 Sep 2025 | monthly | Jan 1988 - Sep 2025 |
| Bulgaria (2005=100) | 132.1 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Canada (2005=100) | 87.7 Sep 2025 | monthly | Jan 1999 - Sep 2025 |
| Chile (2005=100) | 110.6 Oct 2025 | monthly | Jan 1986 - Oct 2025 |
| China (2005=100) | 130.0 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Colombia (2005=100) | 102.6 Oct 2025 | monthly | Jan 1990 - Oct 2025 |
| Croatia (2005=100) | 105.8 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Cyprus (2005=100) | 88.9 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Czech Republic (2005=100) | 149.2 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Denmark (2005=100) | 98.9 Sep 2025 | monthly | Jan 1970 - Sep 2025 |
| Ecuador (2007=100) | 110.3 Nov 2017 | monthly | Jan 2011 - Nov 2017 |
| Estonia (2005=100) | 146.6 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| European Union (2005=100) | 94.8 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Finland (2005=100) | 94.5 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| France (2005=100) | 91.0 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Georgia (2005=100) | 128.1 Oct 2025 | monthly | Dec 1995 - Oct 2025 |
| Germany (2005=100) | 96.8 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Ghana (2005=100) | 81.9 Sep 2025 | monthly | Dec 1979 - Sep 2025 |
| Greece (2005=100) | 94.9 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Hong Kong SAR, China (2005=100) | 107.1 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Hungary (2005=100) | 98.5 Sep 2025 | monthly | Jan 1990 - Sep 2025 |
| Iceland (2005=100) | 98.2 Oct 2025 | monthly | Jan 1979 - Oct 2025 |
| India (2005=100) | 107.1 Oct 2025 | monthly | Apr 2004 - Oct 2025 |
| Indonesia (2005=100) | 106.4 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Iran (2005=100) | 1,240.2 Sep 2025 | monthly | Jan 1979 - Sep 2025 |
| Ireland (2005=100) | 86.5 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Israel (2005=100) | 135.4 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Italy (2005=100) | 94.0 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Ivory Coast (2005=100) | 101.5 Sep 2025 | monthly | Dec 1979 - Sep 2025 |
| Japan (2005=100) | 54.9 Oct 2025 | monthly | Jan 1970 - Oct 2025 |
| Kazakhstan (2005=100) | 100.2 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Kenya (2005=100) | 73.5 Aug 2015 | monthly | Oct 1997 - Aug 2015 |
| South Korea (2005=100) | 77.4 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Kosovo (Jan2007=100) | 122.8 Sep 2025 | monthly | Dec 2006 - Sep 2025 |
| Kyrgyzstan (2005=100) | 139.6 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| Latvia (2005=100) | 131.7 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Lithuania (2005=100) | 132.3 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Luxembourg (2005=100) | 100.3 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| North Macedonia (2005=100) | 113.7 Sep 2025 | monthly | Jan 1993 - Sep 2025 |
| Malawi (2010=100) | 106.3 Sep 2025 | monthly | Dec 1979 - Sep 2025 |
| Malaysia (2005=100) | 93.8 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Malta (2005=100) | 99.5 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Mexico (2005=100) | 99.8 Aug 2025 | monthly | Jan 1968 - Aug 2025 |
| Moldova (2005=100) | 236.5 Sep 2025 | monthly | Nov 1993 - Sep 2025 |
| Mongolia (2005=100) | 126.8 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Morocco (2005=100) | 98.9 Sep 2025 | monthly | Jan 1988 - Sep 2025 |
| Netherlands (2005=100) | 101.3 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| New Zealand (2005=100) | 93.0 Oct 2025 | monthly | Jan 1984 - Oct 2025 |
| Nigeria (2005=100) | 96.5 Sep 2025 | monthly | Dec 1979 - Sep 2025 |
| Norway (2005=100) | 76.1 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Pakistan (2010=100) | 104.0 Oct 2025 | monthly | Jul 2001 - Oct 2025 |
| Paraguay (2005=100) | 63.3 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Peru (2005=100) | 85.0 Nov 2025 | monthly | Jan 1991 - Nov 2025 |
| Philippines (2005=100) | 136.7 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Poland (2005=100) | 119.3 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Portugal (2005=100) | 94.5 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Romania (2005=100) | 120.3 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Russia (2005=100) | 112.7 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Saudi Arabia (2005=100) | 124.2 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Serbia (2005=100) | 145.8 Sep 2025 | monthly | Jan 2002 - Sep 2025 |
| Singapore (2005=100) | 134.4 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Slovakia (2005=100) | 142.3 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Slovenia (2005=100) | 102.1 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| South Africa (2005=100) | 89.9 Sep 2025 | monthly | Jan 1970 - Sep 2025 |
| Spain (2005=100) | 99.0 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Sri Lanka (2017=100) | 71.9 Oct 2025 | monthly | Jan 2013 - Oct 2025 |
| Sweden (2005=100) | 82.2 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Switzerland (2005=100) | 117.5 Oct 2025 | monthly | Jan 1973 - Oct 2025 |
| Taiwan (2005=100) | 95.3 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Thailand (2005=100) | 123.3 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Tunisia (2005=100) | 87.3 Sep 2025 | monthly | Jan 1979 - Sep 2025 |
| Turkey (2005=100) | 63.7 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Ukraine (2005=100) | 85.5 Sep 2025 | monthly | Dec 1992 - Sep 2025 |
| United Arab Emirates (2005=100) | 121.6 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| United Kingdom (2005=100) | 89.1 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| United States (Jan2006=100) | 115.7 Oct 2025 | monthly | Jan 2006 - Oct 2025 |
| Uruguay (2005=100) | 44.9 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| Venezuela (2005=100) | 0.8 Feb 2019 | monthly | Jan 1994 - Feb 2019 |
| Zambia (2005=100) | 95.9 Aug 2025 | monthly | Jan 2013 - Aug 2025 |
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Learn more about what we doTurkey Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.2 Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | -4,544.782 Oct 2025 | monthly | Jan 2006 - Oct 2025 |
| Tax Revenue (USD mn) | 23,367.640 Oct 2025 | monthly | Jan 2006 - Oct 2025 |
| Tax Revenue: % of GDP (%) | 17.1 Sep 2025 | quarterly | Mar 2006 - Sep 2025 |
| National Government Debt (USD mn) | 298,427.1 2024 | yearly | 2001 - 2024 |
| Government Debt: % of GDP (%) | 24.1 Jun 2025 | quarterly | Dec 2001 - Jun 2025 |
| Forecast: Government Expenditure (TRY bn) | 54,988.117 2030 | yearly | 2000 - 2030 |
| Forecast: Government Net Debt (TRY bn) | 43,869.538 2030 | yearly | 2000 - 2030 |
| Forecast: Government Revenue (TRY bn) | 49,153.935 2030 | yearly | 2000 - 2030 |
| General Budget: Revenue (TRY mn) | 1,312,021.350 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| General Budget: Expenditure (TRY mn) | 1,255,627.940 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| General Budget: Cash Balance (TRY mn) | 56,393.420 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 1,051,065,850.083 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 20,491,041.868 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| General Budget: ytd: Revenue: Tax (TRY th) | 792,667,161.286 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| General Budget: ytd: Balance (TRY th) | -148,404,035.193 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 241,582,447.800 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| General Budget: ytd: Revenue (TRY th) | 902,661,814.890 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 458,493,370.568 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| 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) | -9,122.7 Oct 2025 | monthly | Jan 2013 - Oct 2025 |
| Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Exports Growth (%) | 2.2 Oct 2025 | monthly | Jan 2014 - Oct 2025 |
| Aluminum: Exports (USD th) | 3,851,910.706 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 1,409,898.365 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 907,071.763 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Imports Growth (%) | 6.6 Oct 2025 | monthly | Jan 2014 - Oct 2025 |
| Imports: Medicament (USD th) | 2,648,171.753 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 3,230,287.747 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 1,409.048 Oct 2025 | monthly | Apr 1964 - Oct 2025 |
| Total Imports from USA (USD mn) | 1,828.456 Oct 2025 | monthly | Apr 1964 - Oct 2025 |
| Total Exports to China (USD mn) | 299.327 Oct 2025 | monthly | Jan 2013 - Oct 2025 |
| Total Imports from China (USD mn) | 3,976.689 Oct 2025 | monthly | Sep 1992 - Oct 2025 |
| 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 (%) | 2.4 Oct 2025 | monthly | Jan 2003 - Oct 2025 |
| Household Debt: % of GDP (%) | 10.2 Jun 2025 | quarterly | Dec 2014 - Jun 2025 |
| Non-Performing Loans (USD mn) | 12,726.779 Oct 2025 | monthly | Dec 2002 - Oct 2025 |
| Money Supply M1 (USD mn) | 218,051.455 Oct 2025 | monthly | Dec 1963 - Oct 2025 |
| Money Supply M2 (USD mn) | 555,913.646 Oct 2025 | monthly | Dec 1976 - Oct 2025 |
| M2 Growth (%) | 38.5 Oct 2025 | monthly | Dec 1977 - Oct 2025 |
| Reserve Requirement Ratio (%) | 8.0 Nov 2025 | monthly | Jan 2011 - Nov 2025 |
| Foreign Exchange Reserves (USD mn) | 72,719.0 Oct 2025 | monthly | Apr 2000 - Oct 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.879 Sep 2025 | quarterly | Jun 2000 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.3 Oct 2025 | monthly | Apr 2000 - Oct 2025 |
| Gold Reserves (USD mn) | 97,765.000 Sep 2025 | monthly | Dec 1956 - Sep 2025 |
| Total Deposits (USD mn) | 604,798.854 Oct 2025 | monthly | Dec 2002 - Oct 2025 |
| Total Deposits Growth (%) | 40.1 Oct 2025 | monthly | Dec 2003 - Oct 2025 |
| Domestic Credit (USD mn) | 627,993.8 Oct 2025 | monthly | Jan 1986 - Oct 2025 |
| Domestic Credit Growth (%) | 35.9 Oct 2025 | monthly | Jan 1987 - Oct 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 31.400 Jun 2025 | quarterly | Mar 2002 - Jun 2025 |
| Credit to Households (USD bn) | 127.748 Jun 2025 | quarterly | Mar 1986 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 646.711 Jun 2025 | quarterly | Mar 1986 - Jun 2025 |
| Household Debt (USD mn) | 122,180.5 Oct 2025 | monthly | Jan 1986 - Oct 2025 |
| Total Loans (USD mn) | 419,633.609 Oct 2025 | monthly | Jan 1986 - Oct 2025 |
| Total Loans Growth (%) | 41.86 Oct 2025 | monthly | Jan 1987 - Oct 2025 |
| Private Debt: % of Nominal GDP (%) | 28.20 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Money Supply: M3 (TRY th) | 25,577,217,497.000 Oct 2025 | monthly | Dec 2005 - Oct 2025 |
| Consumer Loans: BS: Loan: Housing (TRY mn) | 642,144.415 Oct 2025 | monthly | Dec 2002 - Oct 2025 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 2.386 Oct 2025 | monthly | Jan 2003 - Oct 2025 |
| Consumer Loans: BS: Non Performing (TRY mn) | 65,604.353 Jan 2025 | monthly | Dec 2002 - Jan 2025 |
| Consumer Loans: Banking Sector (BS): Loan (TRY mn) | 2,062,487.848 Jan 2025 | monthly | Dec 2002 - Jan 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -0.2 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| Composite Leading Indicator Index: Trend Restored (NA) | 403.320 Feb 2025 | monthly | Dec 1987 - Feb 2025 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 102.800 Feb 2025 | monthly | Jan 2007 - Feb 2025 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 114.233 Feb 2025 | monthly | Jan 2011 - Feb 2025 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 116.330 Feb 2025 | monthly | Jan 2011 - Feb 2025 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 89.287 Feb 2025 | monthly | Jan 2011 - Feb 2025 |
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