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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 has reached a 90-day high, trading near 39.67, reflecting a 2.7% increase from its three-month average of 38.61. The currency pair has settled within a relatively stable range of 5.0%, oscillating between 37.79 and 39.67 recently. This upward trend in the USD can be attributed to a combination of factors impacting both currencies.

Analysts note that the US dollar experienced temporary bullish momentum following the Federal Reserve's decision to maintain interest rates, which bolstered expectations of continued economic stability. However, this momentum faced headwinds from geopolitical concerns, specifically fears regarding potential US involvement in the Israel-Iran conflict. Such uncertainties typically prompt shifts in risk sentiment, influencing the dollar's performance.

In contrast, the Turkish lira has faced significant pressure amid mounting political unrest following the arrest of Istanbul's mayor, Ekrem İmamoğlu. This unrest has raised investor concerns regarding the stability of Turkey’s governance and economic reforms under President Erdoğan. The lira's depreciation was evident as it recently hit a record low against the dollar, closing down 3.3%, reinforcing doubts about Turkey's economic trajectory.

Forecasters indicate that ongoing geopolitical tensions and domestic political developments in Turkey will likely continue to affect the lira's value. The imposition of tariffs by the US exacerbates the situation, further straining trade relations and adding more pressure on the TRY. As the Federal Reserve's policies evolve, the USD’s position as a safe-haven asset may also attract more investment, offering potential support against both emerging market volatility and specific challenges faced by the Turkish economy.

In summary, the interplay of US monetary policy and Turkey's internal political climate suggests a cautious outlook for the USD/TRY exchange rate in the near term, with traders advised to monitor developments closely given their potential impacts on future movements.

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 =
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TRY
+0.4%
90d-highs
USD to TRY is at 90-day highs near 39.67, 2.7% above its 3-month average of 38.61, having traded in a quite stable 5.0% range from 37.79 to 39.67
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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
06 Jun 2025
39.22
1.1% 2 Week
22 Mar 2025
37.79
4.9% 3 Month
20 Jun 2024
32.83
20.8% 1 Year
21 Jun 2020
6.8505
478.8% 5 Year
23 Jun 2015
2.6794
1379.8% 10 Year
25 Jun 2005
1.3524
2831.8% 20 Year
USD/TRY historic rates & change to 20-Jun-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