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TRY to USD Rates - 2026 Forecast

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.

 

TRY/USD Outlook:

Bearish, with the rate currently below its 90-day average and near recent lows. The market is primarily affected by the end of the Currency Protected Deposit Scheme, allowing for greater currency fluctuation.

Key drivers:

• Rate gap: High interest rates in Turkey aim to combat inflation but may not fully stabilize the lira compared to the USD's stronger economic indicators.

• Risk/commodities: With ongoing geopolitical tensions, demand for safe-haven currencies like the USD remains elevated, influencing trends against the lira.

• One macro factor: The recent strong performance in US job data continues to bolster confidence in the USD.

Range:

The TRY/USD is likely to drift within its recent 3-month range, moving between slight fluctuations, as it remains in a phase of instability.

What could change it:

• Upside risk: A significant improvement in Turkey’s inflation outlook could strengthen the lira.

• Downside risk: Continued geopolitical tensions could further boost demand for the USD, leading to more depreciation of the lira.

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 =
0.022741We compare provider deals to this wholesale mid-market rate. Read more
USD
1d0.0%⬦
90dLows◒
TRY to USD is at 90-day lows near 0.022738, 1.7% below its 3-month average of 0.02312, having traded in a very stable 3.5% range from 0.022738 to 0.023530
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  1 USD = 43.97 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
14 Feb 2026
0.0229
2 Week
30 Nov 2025
0.0235
3 Month
28 Feb 2025
0.0275
1 Year
01 Mar 2021
0.1373
5 Year
02 Mar 2016
0.3412
10 Year
05 Mar 2006
0.7663
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