Exchange rates influence international trade in the free market system, helping to maintain the balance of trade and capital. They are also influenced by the dynamics of international trade.

Exchange rates are crucial because they determine the levels of a country’s imports and exports.

Below is a graph where you can find monthly average values obtained from the Central Bank of the Republic of Turkey (TCMB), along with annual average values.

You can see all monthly USD/TL exchange rate values from 2005 until November 2023.