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USD to TRY 2025 Forecasts

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

 

Recent forecasts for the USD to TRY exchange rate indicate that the US dollar remains under pressure amid concerns surrounding Federal Reserve independence and potential political interference. Analysts note that ongoing tensions between President Trump and Fed Chair Jerome Powell could influence market perceptions of the dollar's strength. If Powell resists political pressure, this could bolster demand for the USD.

The dollar's status as the world's primary reserve currency makes it sensitive to interest rate policies and economic indicators. Higher interest rates typically attract investment in USD-denominated assets, while a dovish Fed can weaken demand. Economic data, including inflation and employment figures, is critical in shaping the dollar's trajectory, especially during periods of geopolitical uncertainty when the USD tends to strengthen as a safe haven.

Simultaneously, the Turkish lira has faced significant challenges due to political instability following the arrest of Istanbul mayor Ekrem İmamoğlu. The lira recently hit a record low against the dollar, closing down 3.3%, reflecting widespread investor concerns regarding the enforcement of rule of law and commitment to economic reforms by Turkish officials. Such political turmoil hampers investor confidence and contributes to the lira's depreciation.

Recent data shows the USD to TRY trading at 40.54, which is 2.9% above its three-month average of 39.38, indicating that the lira has been trading within a relatively stable range of 5.8% from 38.40 to 40.63. However, the arrest of a prominent political figure has exacerbated existing weaknesses in the Turkish economy.

Overall, the exchange rate outlook for USD to TRY suggests continued volatility, driven by both domestic political dynamics in Turkey and external pressures on the U.S. dollar. Investors are advised to monitor developments closely, as shifts in monetary policy or political stability can significantly impact the exchange rate in the near term.

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 =
40.55We compare provider deals to this wholesale mid-market rate. Read more
TRY
+0.2%
90d-highs
USD to TRY at 40.54 is 2.9% above its 3-month average of 39.38, having traded in a quite stable 5.8% range from 38.40 to 40.63
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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
11 Jul 2025
40.17
0.9% 2 Week
26 Apr 2025
38.42
5.5% 3 Month
25 Jul 2024
33.12
22.4% 1 Year
26 Jul 2020
6.8457
492.1% 5 Year
28 Jul 2015
2.7586
1369.2% 10 Year
30 Jul 2005
1.3287
2950.3% 20 Year
USD/TRY historic rates & change to 25-Jul-2025

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