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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.

 

The USD to TRY exchange rate recently moved to 90-day highs near 41.97, reflecting a 1.9% increase above its 3-month average of 41.2. This movement has taken place within a stable range of 3.8%, fluctuating only between 40.42 and 41.97. Analysts attribute the strengthening of the US dollar to easing economic fears and a decrease in US-China trade tensions, fostering a positive sentiment around the currency.

Recent forecasts suggest that key market factors will continue to influence the USD's trajectory. The transition in Federal Reserve leadership is expected to play a significant role, particularly with Treasury Secretary Scott Bessent’s calls for a new Fed chair capable of assessing the organization’s broader responsibilities. Furthermore, the upcoming Consumer Price Index report expected in mid-August is projected to show a 0.3% increase in core prices, which could sway the Fed's interest rate decisions.

On the Turkish side, recent economic developments pose challenges. The termination of the foreign exchange-protected deposit scheme has raised concerns about the stability of the lira, which previously cost the country approximately $60 billion. Compounding issues, the Turkish economy is grappling with a sharp rise in inflation, recorded at 33.3% in September. Such inflationary pressures place additional strain on the central bank's ability to manage interest rates effectively.

However, there are promising indicators as well. The European Bank for Reconstruction and Development (EBRD) raised Turkey's GDP growth forecast, reflecting improved domestic conditions, even amidst highlighted risks like political instability. Additionally, a recently signed currency swap agreement with the UAE aims to bolster local currency liquidity, which may provide some respite to the lira.

Overall, the interplay between these factors suggests that the USD may continue to strengthen against the TRY in the coming weeks, depending on the developments in US economic indicators and Turkey's inflationary landscape. Market participants should be attentive to these trends as they could significantly impact international transaction costs.

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.

 
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1 USD =
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TRY
90dHighs
1d+0.4%
USD to TRY is at 90-day highs near 41.97, 1.9% above its 3-month average of 41.2, having traded in a very stable 3.8% range from 40.42 to 41.97
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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
08 Oct 2025
41.72
0.6% 2 Week
24 Jul 2025
40.54
3.5% 3 Month
22 Oct 2024
34.26
22.5% 1 Year
23 Oct 2020
7.9648
426.9% 5 Year
25 Oct 2015
2.9094
1342.6% 10 Year
27 Oct 2005
1.3527
3002.7% 20 Year
USD/TRY historic rates & change to 22-Oct-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