ANKARA: Turkey’s exports decreased by 13 percent in February compared with figures for the same month in 2014 as the high U.S. dollar rate and winter made an impact, the Turkish Exporters’ Assembly said.
According to the assembly, the exports totaled $10.5 billion in Feb. 2015. In the first two months of 2015, exports were at $22.8 billion, which is a decline of 6.7 percent.
The appreciation of the U.S. dollar in the world has made a significant impact on the export unit price; the price effects due to parity is effective on EU exports as well as outside EU,” the assembly’s President Mehmet Büyükekşi said in the eastern Erzurum province.
In the foreign-exchange market, currencies are said to be at parity when their exchange rate is exactly 1 to 1.
