Türkiye Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Türkiye's real effective exchange rate was 103.63 in 2026 (projected), ranked 31st globally. This represents a 1.9% increase from 2025. Data from BIS, covering 1994–2026.
Overview
Türkiye's real effective exchange rate stood at 103.63 in 2026, a rise of +1.96 from 2025. Based on recent trends, this figure is projected to reach 111.24 by 2027. Türkiye ranked 31st globally.
Turkey’s real effective exchange rate (REER) has risen to 103.63 in 2026, placing the country 31st in the global ranking and marginally above Spain’s 103.24 and just below the Netherlands’ 104.86. The index, measured on a 1994 base of 95.47, surged to an all‑time high of 179.72 in 2010, reflecting a period of strong currency appreciation driven by high interest‑rate differentials and capital inflows. A pronounced reversal occurred in 2022 when the REER fell to a trough of 82.61, coinciding with a sharp depreciation of the lira and widening external imbalances. Over the 33‑year sample, the REER has oscillated between these extremes, indicating persistent volatility in Turkey’s external competitiveness. Recent modest gains suggest a gradual re‑balancing, but sustained improvements will depend on stabilising inflation, deepening structural reforms, and maintaining prudent monetary policy to prevent a return to the 2022 weakness.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 122.97 | - | - |
| 2028* trend | 117.11 | - | - |
| 2027* trend | 111.24 | - | - |
| 2026 | 103.63 | +1.96 | #31 |
| 2025 | 101.67 | +6.42 | #30 |
| 2024 | 95.25 | +10.20 | #33 |
| 2023 | 85.05 | +2.44 | #13 |
| 2022 | 82.61 | −7.28 | #10 |
| 2021 | 89.89 | −10.11 | #22 |
| 2020 | 100.00 | −10.83 | #60 |
| 2019 | 110.83 | −1.18 | #87 |
| 2018 | 112.01 | −19.31 | #88 |
| 2017 | 131.32 | −15.97 | #102 |
| 2016 | 147.29 | −2.74 | #106 |
| 2015 | 150.03 | −3.34 | #105 |
| 2014 | 153.37 | −9.22 | #106 |
| 2013 | 162.59 | −2.21 | #105 |
| 2012 | 164.80 | +5.87 | #105 |
Detected Pattern
Analysis
Türkiye matched the Stagflation Risk pattern in 2020. Historically, 38% of countries showing this pattern (117 out of 307) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Türkiye's real effective exchange rate was 103.63 in 2026. Ranked 31st globally. This represents a 1.9% increase from the previous year.
Türkiye's real effective exchange rate peaked at 179.72 in 2010.
The lowest real effective exchange rate in Türkiye was 82.61 in 2022.
Türkiye ranks 31st globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Türkiye's real effective exchange rate is projected to reach 111.24 by 2027 based on trend extrapolation.
The real effective exchange rate of Türkiye in 2026 was 103.63. This ranks 31st in the world.
Cite this page
@misc{historysaid_turkiye_reer,
title = {Türkiye Real Effective Exchange Rate},
url = {https://historysaid.com/turkiye/reer/},
publisher = {HistorySaid},
year = {2026}
}