Turkey OECD CLI in 2015
Turkey OECD CLI opened 2015 at 100.60 and closed at 98.94, a -1.64% move for the year. The high of 100.60 was reached on January 1, and the low of 98.87 on August 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 100.60 | 100.60 | 100.60 | 100.60 | +0.00% |
| Feb | 100.40 | 100.40 | 100.40 | 100.40 | +0.00% |
| Mar | 100.12 | 100.12 | 100.12 | 100.12 | +0.00% |
| Apr | 99.80 | 99.80 | 99.80 | 99.80 | +0.00% |
| May | 99.46 | 99.46 | 99.46 | 99.46 | +0.00% |
| Jun | 99.13 | 99.13 | 99.13 | 99.13 | +0.00% |
| Jul | 98.94 | 98.94 | 98.94 | 98.94 | +0.00% |
| Aug | 98.87 | 98.87 | 98.87 | 98.87 | +0.00% |
| Sep | 98.88 | 98.88 | 98.88 | 98.88 | +0.00% |
| Oct | 98.94 | 98.94 | 98.94 | 98.94 | +0.00% |
| Nov | 98.98 | 98.98 | 98.98 | 98.98 | +0.00% |
| Dec | 98.94 | 98.94 | 98.94 | 98.94 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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