National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Turkey
Turkish Lira, Annual
NAEXKP06TRA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
534,225,149,000.00
Year-over-Year Change
123.30%
Date Range
1/1/1998 - 1/1/2022
Summary
This trend measures the annual exchange rate of the Turkish lira against the U.S. dollar, providing insight into Turkey's economic performance and global competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Turkish lira-U.S. dollar exchange rate is a key economic indicator that reflects Turkey's macroeconomic conditions and relative purchasing power. It is closely monitored by policymakers, investors, and analysts to assess Turkey's trade balance, inflation, and overall economic stability.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Turkish lira exchange rate trends are important for evaluating Turkey's trade dynamics, foreign investment, and monetary policy.
Key Facts
- The Turkish lira has experienced significant volatility in recent years.
- Turkey's lira depreciation has contributed to high inflation and economic instability.
- The lira-dollar exchange rate is a closely watched indicator of Turkey's economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate of the Turkish lira against the U.S. dollar, providing insight into Turkey's macroeconomic conditions and global competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The Turkish lira exchange rate is a key indicator for evaluating Turkey's trade dynamics, foreign investment, and monetary policy, making it relevant for policymakers, investors, and economists analyzing the Turkish economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The Turkish lira exchange rate trends are important for policymakers in assessing Turkey's trade balance, inflation, and overall economic stability, and informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the U.S. Federal Reserve, with potential delays in availability compared to real-time market exchange rates.
Related Trends
Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Turkey
TURCP010000GPQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Turkiye
TURCP040100GYM
Consumer Price Index: Harmonized Prices: Restaurants and Hotels (COICOP 11): Total for Turkey
TURCPHP1100IXEBM
Financial System Deposits to GDP for Turkey
DDDI08TRA156NWDB
Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Turkiye
CCRETT02TRQ661N
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for Turkiye
LFAC24MATRA647N
Citation
U.S. Federal Reserve, Turkish Lira, Annual (NAEXKP06TRA652S), retrieved from FRED.