TRY Market Update
21 Mar 2026 • 01:05 GMT
The Turkish lira has seen limited movement against major currencies, staying close to recent lows. TRY/USD is around 0.022574, near its 90-day low and about 1.7% below its three-month average of 0.022979. The currency has remained within a tight 3.6% trading range, reflecting cautious sentiment amid global geopolitical tensions.
against the euro and pound, the TRY has also been steady. TRY/EUR is slightly below its three-month average at approximately 0.019516, within a stable range. Similarly, TRY/GBP trades close to its average at about 0.016930, maintaining a narrow trading band.
The TRY has strengthened modestly against the Indian rupee, reaching 2.1239, about 1.5% above its recent three-month average, marking a key support level in recent trading. Meanwhile, other currencies like AUD and CAD are trading below their three-month averages, suggesting a relatively cautious tone in Turkish currency markets.
Overall, the TRY remains relatively stable but at subdued levels against major currencies, with no significant directional moves despite ongoing global uncertainty. Investors are closely watching Turkey's inflation targets and monetary policy signals for further clues on the lira’s outlook.
📊 Quick forecast view
Near-term bias: 🔴 Mild downside
Expected range: 0.0220 – 0.0230
Dominant driver: 🌍 Global risk sentiment
3-month trend: 🔴 Downtrend
