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TRY to USD 2026 Forecasts

Analysis of recent lira → dollar forecasts for 2026. We collate forecasts from respected FX analysts together with the latest Turkish lira to US dollar performance and trends.

 

The current market bias for the TRY to USD exchange rate is bearish.

Key drivers include:

  • The Central Bank of the Republic of Turkey has signaling a potential for more monetary easing, which could lead to a weaker lira.
  • The U.S. Federal Reserve's planned interest rate cuts may also contribute to a softer dollar.
  • Turkey's inflation target remains high, posing risks for the lira's stability as it aims for 16% by 2026, while economic growth is expected to slow.

In the near term, the exchange rate is likely to remain within a stable range, showing limited fluctuation based on recent data.

An upside risk factors in unexpected positive economic news from Turkey that could support the lira, while a downside risk would involve renewed financial instability or external pressures impacting Turkey's current account.

TRY-USD Rate Calculator

 
   
   
   
   
 
   
 
 

TRY to USD Market Data

Turkish lira (TRY) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell TRY   →   Buy USD
1 TRY =
0.023156We compare provider deals to this wholesale mid-market rate. Read more
USD
1d−0.1%▼
90dLows◒
TRY to USD is at 90-day lows near 0.023170, 1.6% below its 3-month average of 0.023543, having traded in a very stable 3.2% range from 0.023170 to 0.023914
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  1 USD = 43.18 TRY

Compare & Save - Turkish lira to US dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Turkish lira (TRY) to US dollar (USD) rates from different sources before making a conversion.

Use our TRY to USD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Lira to Dollar currency rates and the possible savings of using various providers.

 
 

Will the Turkish lira rise against the US dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Turkish lira vs US dollar current value is to look the TRY/USD historic rate and change over a range of periods.

The following table looks at the change in the TRY to USD exchange rate over periods from the previous week back to the last 10 years.

DateTRY/USDPeriod
28 Dec 2025
0.0233
2 Week
13 Oct 2025
0.0239
3 Month
11 Jan 2025
0.0282
1 Year
12 Jan 2021
0.1342
5 Year
14 Jan 2016
0.3306
10 Year
16 Jan 2006
0.7493
20 Year
TRY/USD historic rates

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add TRY/USD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more