Turkish lira (TRY) market outlook and exchange rates

TRY Market Update

15 Aug 2026 • 01:31 GMT

TRY/USD 0.020885

The Turkish lira (TRY) remains near its 90-day lows against the US dollar, trading close to 0.020885. This marks a roughly 2.5% decline from its three-month average of 0.02142. The lira has kept within a stable range, showing limited volatility over recent weeks.

This relative weakness comes amid broader US dollar strength driven by rising expectations of Federal Reserve interest rate hikes and strong US economic data. Despite Turkey’s recent monetary tightening and fiscal efforts to stabilize inflation, the TRY continues to face downward pressure.

The broader environment features a relatively stable US dollar, supported by geopolitical developments in the Middle East and energy market trends. However, the TRY's decline underscores ongoing challenges for the Turkish economy, including inflation pressures and external uncertainties.

For now, the TRY remains within its recent trading band but at lower levels, with any shifts largely influenced by US dollar movements and global risk sentiment. Watch for developments in US monetary policy and Turkish economic updates, which could impact the TRY’s trajectory in the coming weeks.