TRY Market Update
13 Apr 2026 • 00:31 GMT
The Turkish lira (TRY) remains near its 90-day lows against the US dollar, with USD/TRY trading around 0.02237. This marks a decline of roughly 1.8% below its three-month average, reflecting significant weakness in the TRY over recent weeks. While the TRY has traded within a narrow, stable range, the ongoing strength of the US dollar amid geopolitical tensions and higher US energy prices continues to put downward pressure on the Turkish currency.
Turkey's recent monetary policy actions, such as a large interest rate hike to 45%, aim to stabilize inflation and support the lira. However, market sentiment remains cautious, and the TRY continues to underperform against the USD, influenced by global dollar strength and domestic economic factors.
In the near term, traders should watch US inflation data and Federal Reserve signals, as these could impact USD movements further. For now, the TRY remains relatively stable within recent ranges but faces ongoing headwinds from external geopolitical and economic developments.
📊 Quick forecast view
🔴 Mild downside
0.0220 – 0.0220
🌍 Global risk sentiment
⚪ Range-bound
