The effective real exchange rate index increased by 0.45 points on a CPI basis to 62.78 in September 2024. According to preliminary data released by the Central Bank of the Republic of Turkey (CBRT), the 2003=100 based real effective exchange rate index increased by 0.45 points compared to the previous month to reach 62.78 last month. The index was at 62.33 in August 2024. During this period, the real effective exchange rate index based on PPI-U decreased by 1.04 points from 92.78 to 91.74. The value of the Turkish lira increased by 7.05 points on a CPI basis and 2.30 points on a PPI-U basis compared to the same month last year.