Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

Turkish lira Markets

TRY Currency Update - Our review of Turkish lira forecasts and news plus charts and historic rates. Check TRY Trends over various time periods.

 

Recent exchange rate forecasts for the USD to TRY indicate a strengthening of the U.S. dollar against the Turkish lira, reaching notable highs. Analysts highlight that the USD is currently trading around 40.01 TRY, representing a 2.7% increase over its three-month average of 38.97. This price movement reflects a stable trading range over the last 90 days, with fluctuations between 37.92 and 40.01 TRY.

The strength of the USD can be attributed to a combination of factors, including safe-haven flows driven by geopolitical tension and a reduction in expectations regarding Federal Reserve interest rate cuts. Market sentiment has also been bolstered by news of potential new trade deals from the U.S., which, if perceived as inadequate, could introduce volatility and pressure on the dollar's value.

On the other hand, the Turkish lira faces significant challenges. Following the arrest of Istanbul’s mayor, the TRY hit a record low against the greenback, with a decline of 3.3%. This political turmoil has exacerbated concerns over Turkey’s economic stability and governance, resulting in increased skepticism among investors regarding government reforms. Turkish markets reacted negatively to these developments, leading to renewed depreciation of the lira.

The interaction between the U.S. dollar and the Turkish lira is also influenced by broader economic factors. The U.S. dollar remains a critical global reserve currency, with its value impacted by monetary policy, global economic conditions, and geopolitical events. Conversely, the Turkish economy is grappling with internal unrest and challenges in restoring investor confidence, which complicates the outlook for the TRY.

Overall, the forecasts and market dynamics suggest a trend of continued pressure on the lira as political and economic uncertainties persist in Turkey, while the U.S. dollar is expected to maintain strength amidst a complex global financial landscape.

 

US dollar to Turkish lira - USD/TRY Trend

 
USD to TRY is at 90-day highs near 40.01, 2.7% above its 3-month average of 38.97, having traded in a quite stable 5.5% range from 37.92 to 40.01
|
 
1 USD =
40.02We compare provider deals to this wholesale mid-market rate. Read more
TRY
 
+0.4%
90d-highs
 
Track Rate

View My Rate Tracker

   
 

Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

Loading exchange rates...

   
   
   
   
  

Top TRY Rates


Turkish lira to US dollar
TRYUSD 90 day chart

TRY to USD is at 90-day lows near 0.024996, 2.6% below its 3-month average of 0.025668, having traded in a quite stable 5.5% range from 0.024996 to 0.026374
TRY to USD
0.024991
-0.4%
90d-lows

Turkish lira to Euro
TRY to EUR at 0.021285 is 5.4% below its 3-month average of 0.022491, having traded in a rather volatile 13.2% range from 0.021262 to 0.024065
TRY to EUR
0.021288
-0.1%
90d-lows

Turkish lira to Canadian dollar
TRY to CAD at 0.034156 is 3.5% below its 3-month average of 0.035392, having traded in a quite volatile 10.3% range from 0.034108 to 0.037610
TRY to CAD
0.034120
90d-lows

Turkish lira to British pound
TRY to GBP at 0.018335 is 4.2% below its 3-month average of 0.019138, having traded in a rather volatile 13.1% range from 0.018262 to 0.020657
TRY to GBP
0.018338
-0.3%

Turkish lira to Indian rupee
TRY to INR at 2.1470 is 2.3% below its 3-month average of 2.1969, having traded in a relatively stable 6.4% range from 2.1426 to 2.2793
TRY to INR
2.1411
-0.3%
90d-lows

Turkish lira to Japanese yen
TRY to JPY at 3.6470 is 1.6% below its 3-month average of 3.7046, having traded in a fairly volatile 8.1% range from 3.6012 to 3.8913
TRY to JPY
3.6531
+0.6%

Turkish lira to Australian dollar
TRY to AUD at 0.038389 is 3.7% below its 3-month average of 0.039855, having traded in a very volatile 16.1% range from 0.038132 to 0.044267
TRY to AUD
0.038242
+0.2%

Turkish lira to Singapore dollar
TRY to SGD is at 90-day lows near 0.031943, 3.9% below its 3-month average of 0.033238, having traded in a quite volatile 11.7% range from 0.031943 to 0.035691
TRY to SGD
0.031928
90d-lows

Turkish lira to Chinese yuan
TRY to CNY is at 90-day lows near 0.1793, 3.3% below its 3-month average of 0.1854, having traded in a relatively stable 8.0% range from 0.1793 to 0.1936
TRY to CNY
0.1793
-0.3%
90d-lows

A-Z


Turkish lira to US dollar
TRYUSD 90 day chart

TRY to USD is at 90-day lows near 0.024996, 2.6% below its 3-month average of 0.025668, having traded in a quite stable 5.5% range from 0.024996 to 0.026374
TRY to USD
0.024991
-0.4%
90d-lows