Exchange rates for the Deutsche Mark in Turkey / DEM 1 = TRL ... (buying) / up to 1998

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Time series key	BBEX3.A.TRL.DEM.CA.AA.A04
Unit	TRL
Dimension	one
Timespan	from 1982 to 1998
Last update	20.09.2023 12:51:03 PM

General	In addition to the official exchange rates published by the central bank, the commercial banks set their own rates for a time. These rates could deviate significantly from the central bank rate over the course of a day. Listed against the euro as of January 1999, see BBEX3:A:TRL:EUR:BB:AC:A04 (euro foreign exchange reference rates of the European Central Bank).
Methodology	Calculated on the basis of daily rates.
Source	Central Bank of Turkey, Ankara.

Comment on 1994	On 27 January 1994, the exchange rates were adjusted more sharply. We recorded the following exchange rates (buying/selling). 26 January 1994: DEM 1 = TRL 8,638.15 / 8,655.46, 27 January 1994: DEM 1 = TRL 9,865.62 / 9,885.39. Calculated devaluation: 12.4%. From 5 to 11 April 1994, Turkey experienced sharp exchange rate fluctuations. After depreciating sharply on both 6 and 7 April 1994, the Turkish pound recovered to some extent over the following two days. For 5 to 11 April 1994, we recorded the following exchange rates (buying/selling): 5 April 1994: DEM 1 = TRL 13,552.13 / 13,579.29, 6 April 1994: DEM 1 = TRL 18,883.65 / 18,921.49, 7 April 1994: DEM 1 = TRL 23,244.76 / 23,291.34, 8 April 1994: DEM 1 = TRL 21,559.53 / 21,602.74, 11 April 1994: DEM 1 = TRL 19,595.23 / 19,634.50. Calculated using the exchange rates from 5 and 11 April 1994 the Turkish pound was devalued by 30.8%.

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