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TRY to USD 2025 Forecasts

Analysis of recent lira → dollar forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Turkish lira to US dollar performance and trends.

 

The Turkish Lira (TRY) has faced significant pressure, particularly in light of the recent spike in inflation to 33.29% as of September 2025. This alarming rise has been attributed to notable increases in food, housing, and education prices, prompting concerns about the Central Bank of Turkey's ability to stabilize the currency. Since March, when the Central Bank raised its overnight lending rate to 46%, there have been ongoing debates among analysts regarding the effectiveness of current measures to curb inflation and stabilize the lira.

The end of the foreign exchange-protected deposit scheme in August, which had aimed to stabilize the lira but incurred substantial costs, has also contributed to the currency's volatility. Furthermore, political unrest following the detention of Istanbul's Mayor has exacerbated economic instability and led to a recent depreciation of the lira to record lows against the dollar, currently trading at approximately 0.023897. This figure marks a 2.0% decline compared to the three-month average of 0.024386, indicating significant instability within the TRY market.

On the other hand, the US Dollar (USD) has recently demonstrated resilience, recovering losses from the Federal Reserve's September meeting and showing strength despite a climate of increased risk appetite. Analysts have noted that a deteriorating consumer sentiment, as indicated by the upcoming publication of the University of Michigan’s index, could prompt weakening in the USD.

Additional factors influencing the USD include ongoing global economic tensions, notably between the US and China, with potential implications for trade and market stability. Moreover, the current economic policy environment—which features discussions around the future of the Federal Reserve's leadership and the effects of dedollarization efforts—adds layers of complexity to the USD exchange rate dynamics.

In summary, the TRY is under substantial strain from rising inflation and political unrest, while the USD remains firm but faces potential risks from upcoming economic data. Analysts suggest that in the near term, the exchange rate between TRY and USD may likely remain under pressure unless significant positive developments transpire, particularly in regards to inflation control in Turkey or favorable economic indicators in the US.

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 =
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USD
90dLows
1d−0.1%
TRY to USD is at 90-day lows near 0.023897, 1.8% below its 3-month average of 0.024344, having traded in a quite stable 4.1% range from 0.023897 to 0.024869
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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
27 Sep 2025
0.0241
2 Week
13 Jul 2025
0.0249
3 Month
11 Oct 2024
0.0292
1 Year
12 Oct 2020
0.1267
5 Year
14 Oct 2015
0.3426
10 Year
16 Oct 2005
0.7286
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