According to the Central Bank of the Republic of Turkey data, the CPI-based real effective exchange rate index fell to its historically low level in November with 60.52 and 60.63 level in October, the second-lowest level since January 1994, when the index started to be calculated.
The real effective exchange rate rose to 62.22 in December, to 65.97 in January and to 69.45 in February, due to the recovery in the lira.
The decrease in the real effective exchange rate in the equation shows that TL depreciated in real terms, in other words, the price of Turkish goods in terms of foreign goods decreased.
The real effective exchange rate index, of the ratio of the price level, the price level of the countries in which Turkey's foreign trade is calculated as the weighted geometric average.
According to the International Finance Institute (IIF) data, direct foreign portfolio inflows to emerging markets fell to their lowest level in March, since April 2020.
According to the organization's calculation, foreign portfolio inflow to emerging markets decreased to 10.1 billion dollars in March. In February, the revised figure was at the level of 23.4 billion dollars.