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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 recently shown volatility influenced by a mix of U.S. economic data and significant political events in Turkey. As of the latest reports, the USD is trading at approximately 39.82 TRY, which is 2.4% above its three-month average of 38.88 TRY. The exchange rate has maintained a relatively stable range of 5.2% over this period, fluctuating between 37.92 and 39.91 TRY.

Recent U.S. economic data has provided support for the dollar. In June, non-farm payrolls increased to 147,000, surpassing expectations and contributing to a lower unemployment rate. Additionally, stronger ISM services PMI figures point to robust economic activity. Analysts suggest that such indicators may prompt the Federal Reserve to consider a more aggressive stance on interest rates, which typically strengthens the dollar as higher rates attract foreign investment.

In contrast, the Turkish lira has faced substantial pressure due to political instability. The arrest of Istanbul's mayor has heightened investor concerns regarding Turkey’s governance and economic policies. This political development has caused the lira to depreciate significantly, previously hitting record lows against the dollar. Market sentiment has been shaky, with protests against the government further destabilizing the lira.

Experts suggest that the interplay of U.S. interest rate policy and Turkey's political landscape will be critical in shaping the USD/TRY outlook in the near term. Should the Federal Reserve maintain or increase interest rates while Turkey struggles with governance issues, the USD may continue to appreciate against the TRY. Given current conditions, businesses and individuals engaging in international transactions might consider hedging strategies or timely conversions to mitigate foreign exchange risks.

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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
+0.1%
90d-highs
USD to TRY at 39.82 is 2.4% above its 3-month average of 38.88, having traded in a quite stable 5.2% range from 37.92 to 39.91
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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
20 Jun 2025
39.67
0.4% 2 Week
05 Apr 2025
37.99
4.9% 3 Month
04 Jul 2024
32.64
22.1% 1 Year
05 Jul 2020
6.8640
480.4% 5 Year
07 Jul 2015
2.6886
1381.8% 10 Year
09 Jul 2005
1.3459
2860.1% 20 Year
USD/TRY historic rates & change to 04-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