Turkiye | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Republic of Turkiye
Records
63
Source
Turkiye | DEC alternative conversion factor (LCU per US$)
1960 9.0E-6
1961 9.0E-6
1962 9.0E-6
1963 9.0E-6
1964 9.0E-6
1965 9.0E-6
1966 9.0E-6
1967 9.0E-6
1968 9.0E-6
1969 9.0E-6
1970 1.1E-5
1971 1.5E-5
1972 1.4E-5
1973 1.4E-5
1974 1.4E-5
1975 1.4E-5
1976 1.6E-5
1977 1.8E-5
1978 2.4E-5
1979 3.1E-5
1980 7.6E-5
1981 0.000111
1982 0.000163
1983 0.000225
1984 0.000367
1985 0.000522
1986 0.000675
1987 0.000857
1988 0.001422
1989 0.002122
1990 0.002609
1991 0.004172
1992 0.006872
1993 0.010985
1994 0.029609
1995 0.045845
1996 0.081405
1997 0.151865
1998 0.260724
1999 0.418783
2000 0.625219
2001 1.225588
2002 1.507226
2003 1.500885
2004 1.425537
2005 1.343583
2006 1.428453
2007 1.302931
2008 1.301522
2009 1.54996
2010 1.502849
2011 1.674955
2012 1.796001
2013 1.903768
2014 2.188542
2015 2.720009
2016 3.020135
2017 3.648133
2018 4.82837
2019 5.673819
2020 7.008605
2021 8.850408
2022 16.54886
Turkiye | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Republic of Turkiye
Records
63
Source