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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 significant interest rate differential, with the Federal Reserve expected to cut rates further by mid-2026, while the Central Bank of the Republic of Turkey may continue easing, targeting a lower policy rate. Additionally, Turkey's efforts to keep its inflation target may weaken the lira further amid recent price pressures.

In the near-term, the TRY to USD rate may trade within a defined range, reflecting recent activity at 90-day lows and a stable 3.3% fluctuation from its average.

Upside risks could emerge from improved global economic growth or unexpected resilience in the Turkish economy. Conversely, continued monetary easing by both the Central Bank of Turkey and the Federal Reserve could further drag down the lira's value.

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 =
0.023235We 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 0.023223, 1.6% below its 3-month average of 0.023598, having traded in a very stable 3.3% range from 0.023223 to 0.023982
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  1 USD = 43.04 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
21 Dec 2025
0.0234
2 Week
06 Oct 2025
0.0240
3 Month
04 Jan 2025
0.0283
1 Year
05 Jan 2021
0.1353
5 Year
07 Jan 2016
0.3333
10 Year
09 Jan 2006
0.7491
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