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USD to TRY Rates - 2026 Forecast

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

 

USD/TRY Outlook:

The USD/TRY is likely to increase, trading at 90-day highs and well above its recent average. A safe-haven demand amid rising geopolitical tensions underpins this outlook.

Key drivers:

• Rate gap: The U.S. Federal Reserve's policies support a stronger dollar compared to Turkey's easing monetary policy.

• Risk/commodities: Rising oil prices due to Middle East tensions are increasing global demand for USD.

• Macro factor: Turkey's elevated corporate foreign currency liabilities pose risks that may weaken the TRY.

Range:

Expect the USD/TRY to hold near current levels within the 3.5% range, possibly testing higher extremes.

What could change it:

• Upside risk: Continued geopolitical instability could further boost USD demand.

• Downside risk: Rapid economic recovery in Turkey could reinforce the TRY against the USD.

USD-TRY Rate Calculator

 
   
   
   
   
 
   
 
 

USD to TRY Market Data

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

 
Sell USD   →   Buy TRY
1 USD =
43.99We compare provider deals to this wholesale mid-market rate. Read more
TRY
1d0.0%⬦
90dHighs◓
USD to TRY is at 90-day highs near 43.98, 1.7% above its 3-month average of 43.26, having traded in a very stable 3.5% range from 42.50 to 43.98
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  1 TRY = 0.022731 USD

Compare & Save - US dollar to Turkish lira

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

Use our USD to TRY 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 Dollar to Lira currency rates and the possible savings of using various providers.

 
 

Will the US dollar rise against the Turkish lira?

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

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

DateUSD/TRYChangePeriod
18 Feb 2026
43.77
0.5% ▲2 Week
04 Dec 2025
42.51
3.5% ▲3 Month
04 Mar 2025
36.46
20.7% ▲1 Year
05 Mar 2021
7.5388
483.5% ▲5 Year
06 Mar 2016
2.9063
1413.6% ▲10 Year
09 Mar 2006
1.3447
3171.4% ▲20 Year
USD/TRY historic rates & change to 04-Mar-2026

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 USD/TRY 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