Indicator notes

Pressure on the Turkish lira on April 18, 2025: 40.8 out of 100, in the “Low pressure” zone. The previous reading, on April 17, 2025, was 50.2 (“Moderate pressure”): the indicator fell by 9.4 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 18 trading days in a row. Biggest component moves: “Exchange rate volatility” at 54.4 versus 92.1 and “Currency weakening” at 54.9 versus 54.8. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on March 25, 2025: 54.4 out of 100, in the “Moderate pressure” zone. The previous reading, on March 22, 2025, was 55.9 (“High pressure”): the indicator fell slightly by 1.5 points and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “High pressure” zone for 2 trading days in a row. Biggest component moves: “Currency weakening” at 63.3 versus 69.3 and “Central bank policy rate” at 2.8 versus 2.7. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on March 21, 2025: 56.4 out of 100, in the “High pressure” zone. The previous reading, on March 20, 2025, was 36.7 (“Low pressure”): the indicator rose sharply by 19.7 points and crossed the 45 and 55 boundaries. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Low pressure” zone for 45 trading days in a row. Biggest component moves: “Exchange rate volatility” at 93.8 versus 40.0 and “Currency weakening” at 71.3 versus 46.4. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on January 17, 2025: 38.0 out of 100, in the “Low pressure” zone. The previous reading, on January 16, 2025, was 46.4 (“Moderate pressure”): the indicator fell by 8.4 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 3 trading days in a row. Biggest component moves: “Central bank policy rate” at 2.3 versus 35.4 and “Currency weakening” at 40.8 versus 42.1. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on January 14, 2025: 45.5 out of 100, in the “Moderate pressure” zone. The previous reading, on January 11, 2025, was 42.7 (“Low pressure”): the indicator rose by 2.8 points and crossed the 45 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Biggest component moves: “International reserves” at 58.2 versus 48.3 and “Currency weakening” at 38.6 versus 37.0. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on October 15, 2024: 43.5 out of 100, in the “Low pressure” zone. The previous reading, on October 12, 2024, was 32.3: the indicator rose sharply by 11.2 points. That meets our shift threshold of 10 points; the zone did not change. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. The indicator has now spent 66 trading days in a row in this zone. Biggest component moves: “International reserves” at 60.8 versus 9.8 and “Exchange rate volatility” at 47.9 versus 53.8. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on July 16, 2024: 40.3 out of 100, in the “Low pressure” zone. The previous reading, on July 13, 2024, was 52.5 (“Moderate pressure”): the indicator fell sharply by 12.2 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 9 trading days in a row. Biggest component moves: “International reserves” at 27.3 versus 72.0 and “Exchange rate volatility” at 66.8 versus 71.7. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on July 3, 2024: 54.2 out of 100, in the “Moderate pressure” zone. The previous reading, on July 2, 2024, was 55.2 (“High pressure”): the indicator fell slightly by 1.0 point and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “High pressure” zone for 6 trading days in a row. Biggest component moves: “Currency weakening” at 21.5 versus 27.1 and “Exchange rate volatility” at 79.3 versus 77.8. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on June 25, 2024: 55.6 out of 100, in the “High pressure” zone. The previous reading, on June 22, 2024, was 54.0 (“Moderate pressure”): the indicator rose slightly by 1.6 points and crossed the 55 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Moderate pressure” zone for 2 trading days in a row. Biggest component moves: “Currency weakening” at 29.3 versus 24.9 and “Exchange rate volatility” at 76.5 versus 74.7. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on June 21, 2024: 53.3 out of 100, in the “Moderate pressure” zone. The previous reading, on June 20, 2024, was 58.3 (“High pressure”): the indicator fell by 5.0 points and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “High pressure” zone for 45 trading days in a row. Biggest component moves: “Central bank policy rate” at 43.1 versus 62.4 and “Currency weakening” at 23.1 versus 23.7. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on April 12, 2024: 56.1 out of 100, in the “High pressure” zone. The previous reading, on April 11, 2024, was 53.6 (“Moderate pressure”): the indicator rose by 2.5 points and crossed the 55 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Moderate pressure” zone for 5 trading days in a row. Biggest component moves: “Central bank policy rate” at 75.0 versus 64.6 and “Exchange rate volatility” at 70.1 versus 70.4. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on April 5, 2024: 53.7 out of 100, in the “Moderate pressure” zone. The previous reading, on April 4, 2024, was 55.7 (“High pressure”): the indicator fell by 2.0 points and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “High pressure” zone for 14 trading days in a row. Biggest component moves: “Currency weakening” at 34.4 versus 42.6 and “Exchange rate volatility” at 70.3 versus 69.9. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on March 16, 2024: 55.2 out of 100, in the “High pressure” zone. The previous reading, on March 15, 2024, was 47.8 (“Moderate pressure”): the indicator rose by 7.4 points and crossed the 55 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Moderate pressure” zone for 6 trading days in a row. Biggest component moves: “International reserves” at 43.8 versus 14.0 and “Exchange rate volatility” at 57.9 versus 57.4. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on March 7, 2024: 45.7 out of 100, in the “Moderate pressure” zone. The previous reading, on March 6, 2024, was 44.4 (“Low pressure”): the indicator rose slightly by 1.3 points and crossed the 45 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “Low pressure” zone for 20 trading days in a row. Biggest component moves: “Exchange rate volatility” at 54.3 versus 50.1 and “Currency weakening” at 46.3 versus 45.1. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on February 7, 2024: 39.8 out of 100, in the “Low pressure” zone. The previous reading, on February 6, 2024, was 45.3 (“Moderate pressure”): the indicator fell by 5.5 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 3 trading days in a row. Biggest component moves: “Exchange rate volatility” at 34.6 versus 60.4 and “Currency weakening” at 38.4 versus 34.6. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on February 2, 2024: 45.0 out of 100, in the “Moderate pressure” zone. The previous reading, on February 1, 2024, was 44.9 (“Low pressure”): the indicator rose slightly by 0.1 points and crossed the 45 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “Low pressure” zone for 5 trading days in a row. Biggest component moves: “Exchange rate volatility” at 59.8 versus 58.8 and “Currency weakening” at 34.2 versus 34.9. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on January 26, 2024: 44.7 out of 100, in the “Low pressure” zone. The previous reading, on January 25, 2024, was 48.9 (“Moderate pressure”): the indicator fell by 4.2 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Biggest component moves: “Central bank policy rate” at 77.5 versus 93.2 and “Currency weakening” at 35.3 versus 36.8. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on November 3, 2023: 44.7 out of 100, in the “Low pressure” zone. The previous reading, on November 2, 2023, was 45.1 (“Moderate pressure”): the indicator fell slightly by 0.4 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 13 trading days in a row. Biggest component moves: “Exchange rate volatility” at 31.7 versus 32.6 and “Currency weakening” at 37.4 versus 37.8. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on October 17, 2023: 49.0 out of 100, in the “Moderate pressure” zone. The previous reading, on October 14, 2023, was 57.9 (“High pressure”): the indicator fell by 8.9 points and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “High pressure” zone for 23 trading days in a row. Biggest component moves: “International reserves” at 14.0 versus 48.1 and “Currency weakening” at 45.7 versus 46.7. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on September 14, 2023: 67.7 out of 100, in the “High pressure” zone. The previous reading, on September 13, 2023, was 76.8 (“Extreme pressure”): the indicator fell by 9.1 points and crossed the 75 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Extreme pressure” zone for 12 trading days in a row. Biggest component moves: “International reserves” at 50.3 versus 85.9 and “Currency weakening” at 63.9 versus 65.0. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on August 29, 2023: 77.3 out of 100, in the “Extreme pressure” zone. The previous reading, on August 26, 2023, was 72.7 (“High pressure”): the indicator rose by 4.6 points and crossed the 75 boundary. The “Extreme pressure” zone covers readings from 75 to 100: pressure on the currency is close to the highest in its history. Before that the indicator had stayed in the “High pressure” zone for 8 trading days in a row. Biggest component moves: “Exchange rate volatility” at 54.7 versus 31.3 and “Currency weakening” at 68.8 versus 73.7. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on August 17, 2023: 71.6 out of 100, in the “High pressure” zone. The previous reading, on August 16, 2023, was 78.9 (“Extreme pressure”): the indicator fell by 7.3 points and crossed the 75 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Extreme pressure” zone for 48 trading days in a row. Biggest component moves: “Exchange rate volatility” at 19.7 versus 47.8 and “Currency weakening” at 79.5 versus 80.3. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on June 9, 2023: 78.7 out of 100, in the “Extreme pressure” zone. The previous reading, on June 8, 2023, was 63.3 (“High pressure”): the indicator rose sharply by 15.4 points and crossed the 75 boundary. The “Extreme pressure” zone covers readings from 75 to 100: pressure on the currency is close to the highest in its history. Before that the indicator had stayed in the “High pressure” zone for 6 trading days in a row. Biggest component moves: “Exchange rate volatility” at 90.4 versus 49.3 and “Currency weakening” at 83.6 versus 63.0. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on June 1, 2023: 55.7 out of 100, in the “High pressure” zone. The previous reading, on May 31, 2023, was 51.7 (“Moderate pressure”): the indicator rose by 4.0 points and crossed the 55 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Moderate pressure” zone for 4 trading days in a row. Biggest component moves: “Exchange rate volatility” at 41.6 versus 29.9 and “Currency weakening” at 41.6 versus 37.2. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on May 26, 2023: 50.3 out of 100, in the “Moderate pressure” zone. The previous reading, on May 25, 2023, was 43.8 (“Low pressure”): the indicator rose by 6.5 points and crossed the 45 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “Low pressure” zone for 46 trading days in a row. Biggest component moves: “Central bank policy rate” at 73.4 versus 47.1 and “Exchange rate volatility” at 28.2 versus 28.7. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on March 18, 2023: 25.1 out of 100, in the “Low pressure” zone. The previous reading, on March 17, 2023, was 24.6 (“Calm”): the indicator rose slightly by 0.5 points and crossed the 25 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Calm” zone for 102 trading days in a row. Biggest component moves: “Exchange rate volatility” at 10.8 versus 9.8 and “Currency weakening” at 9.7 versus 8.7. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on October 14, 2022: 24.2 out of 100, in the “Calm” zone. The previous reading, on October 13, 2022, was 26.0 (“Low pressure”): the indicator fell slightly by 1.8 points and crossed the 25 boundary. The “Calm” zone covers readings from 0 to 25: there is almost no sign of pressure on the currency. Before that the indicator had stayed in the “Low pressure” zone for 45 trading days in a row. Biggest component moves: “Central bank policy rate” at 10.8 versus 18.8 and “Exchange rate volatility” at 2.9 versus 1.7. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on August 12, 2022: 44.5 out of 100, in the “Low pressure” zone. The previous reading, on August 11, 2022, was 45.2 (“Moderate pressure”): the indicator fell slightly by 0.7 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 12 trading days in a row. Biggest component moves: “Exchange rate volatility” at 0.1 versus 1.6 and “Currency weakening” at 53.4 versus 54.8. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on July 27, 2022: 48.3 out of 100, in the “Moderate pressure” zone. The previous reading, on July 26, 2022, was 64.4 (“High pressure”): the indicator fell sharply by 16.1 points and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “High pressure” zone for 8 trading days in a row. Biggest component moves: “Exchange rate volatility” at 1.8 versus 67.6 and “Currency weakening” at 66.2 versus 64.9. This describes that date's reading; it is not a forecast.

Pressure on the Turkish lira on July 15, 2022: 63.6 out of 100, in the “High pressure” zone. The previous reading, on July 14, 2022, was 54.8 (“Moderate pressure”): the indicator rose by 8.8 points and crossed the 55 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Moderate pressure” zone for 2 trading days in a row. Biggest component moves: “International reserves” at 81.7 versus 51.7 and “Currency weakening” at 62.5 versus 58.9. This describes that date's reading; it is not a forecast.