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TRY Market Update
08 Aug 2026 • 01:29 GMT
The Turkish Lira (TRY) has traded at its weakest against the US dollar in the past 90 days, with the USD/TRY near 0.02097. This is about 2.5% below its three-month average of 0.02150, indicating some recent softness in the TRY. Despite active monetary measures by the Central Bank of Türkiye, including a significant interest rate hike to 45% and new reserve requirements, the lira remains under pressure.
Market participants continue to monitor Turkey's efforts to control inflation and stabilize the economy. Meanwhile, the USD has been supported by global energy and geopolitical tensions, helping it maintain strength. Barclays' forecast suggests the USD/TRY could reach around 50.25 by the end of 2026, reflecting expectations of ongoing TRY depreciation.
In the foreign exchange market, the TRY has weakened versus multiple major currencies, including the euro, where the TRY/EUR rate is also near 90-day lows. Overall, the Turkish lira remains in a cautious phase amid a backdrop of active policy efforts and global economic dynamics.
Forecast snapshot
Quick TRY/USD forecast
Near-term bias🔴 Mild downside
Expected range0.0210 – 0.0210
Dominant driver🌍 Global risk sentiment
3-month trend🔴 Downtrend
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US dollar to Turkish lira · USD/TRY trend
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Explore TRY pairs
Popular TRY exchange rates
Open a currency pair to view its live rate, comparison options, recent trend and market context.
1 TRY =0.020965USD
1D−0.2%▼
90dLows
1 TRY =0.018136EUR
1D−0.5%▼
90dLows
1 TRY =0.029248CAD
1D−0.6%▼
90dLows
1 TRY =0.015540GBP
1D−0.4%▼
90dLows
1 TRY =1.9946INR
1D−0.3%▼
90dLows
1 TRY =3.3085JPY
1D−0.6%▼
1 TRY =0.029667AUD
1D−0.6%▼
90dLows
1 TRY =0.026796SGD
1D−0.6%▼
90dLows
1 TRY =0.1415CNY
1D−0.1%▼
90dLows