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.

 

The USD to TRY exchange rate has shown volatility recently, primarily influenced by economic conditions in both the United States and Turkey. Currently, the USD is trading around 42.02 TRY, which is at 90-day highs and 1.8% above its three-month average of 41.28. This rate has remained stable, fluctuating within a range of just 3.6% over the past three months.

Recent data from the U.S. indicates a softer-than-expected consumer price index (CPI), which has dampened sentiment towards the USD. Analysts suggest that this weaker inflation report could bolster expectations for future interest rate cuts by the Federal Reserve, with predictions of up to 50 basis points by the end of 2025. As a result, there is a cautious atmosphere in the U.S. market as participants await the Federal Reserve’s interest rate decision, which could further impact the dollar's performance.

On the Turkish side, significant developments are affecting the TRY’s stability. The recent termination of Turkey's foreign exchange-protected deposit scheme is anticipated to have considerable implications, potentially affecting investor confidence and currency valuation. Furthermore, inflation in Turkey has unexpectedly surged to 33.3%, raising concerns about economic stability and the Central Bank's ability to manage the situation. Economists highlight that such high inflation may challenge the central bank’s current rate cuts.

Despite the uncertain economic landscape in both nations, the Turkish Lira has shown resilience, with the recent announcement of a currency swap agreement with the UAE aimed at improving liquidity. However, ongoing political instability and global financial challenges continue to loom over Turkey, raising the stakes for the lira's performance.

Overall, analysts express caution regarding future movements in the USD/TRY exchange rate as mixed signals from both economies converge. The interplay between U.S. monetary policy, inflation data, and Turkish economic stability will likely dictate the direction of this exchange rate in the coming months.

 

US dollar to Turkish lira - USD/TRY Trend

 
USD to TRY is at 90-day highs near 42.02, 1.8% above its 3-month average of 41.28, having traded in a very stable 3.6% range from 40.55 to 42.02
|
 
1 USD =
41.98We compare provider deals to this wholesale mid-market rate. Read more
TRY
 
90dHighs
1d+0.2%
 
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 0.023799, 1.8% below its 3-month average of 0.024227, having traded in a very stable 3.6% range from 0.023799 to 0.024660
TRY to USD
0.023823
90dLows
1d−0.2%

Turkish lira to Euro
TRY to EUR is at 7-day lows near 0.020462, 1.4% below its 3-month average of 0.020757, having traded in a quite stable 5.8% range from 0.020428 to 0.021603
TRY to EUR
0.020500
1d−0.2%

Turkish lira to Canadian dollar
TRY to CAD is at 90-day lows near 0.033296, just 0.9% below its 3-month average of 0.0336, having traded in a very stable 2.4% range from 0.033296 to 0.034110
TRY to CAD
0.033298
90dLows
1d−0.3%

Turkish lira to British pound
TRY to GBP at 0.017868 is just 0.9% below its 3-month average of 0.018026, having traded in a quite stable 4.9% range from 0.017768 to 0.018642
TRY to GBP
0.017890
1d−0.3%

Turkish lira to Indian rupee
TRY to INR is at 90-day lows near 2.0903, 1.9% below its 3-month average of 2.1318, having traded in a very stable 3.4% range from 2.0903 to 2.1609
TRY to INR
2.1029
90dLows
1d−0.1%

Turkish lira to Japanese yen
TRY to JPY at 3.6435 is 1.1% above its 3-month average of 3.6042, having traded in a quite stable 4.9% range from 3.5370 to 3.7113
TRY to JPY
3.6445
1d0.0%

Turkish lira to Australian dollar
TRY to AUD is at 14-day lows near 0.036412, 1.7% below its 3-month average of 0.037055, having traded in a quite stable 5.7% range from 0.036244 to 0.038313
TRY to AUD
0.036441
14dLows
1d−0.6%

Turkish lira to Singapore dollar
TRY to SGD is at 90-day lows near 0.030890, 1.0% below its 3-month average of 0.031214, having traded in a very stable 3.4% range from 0.030890 to 0.031954
TRY to SGD
0.030924
90dLows
1d−0.3%

Turkish lira to Chinese yuan
TRY to CNY is at 90-day lows near 0.1695, 2.1% below its 3-month average of 0.1731, having traded in a quite stable 4.7% range from 0.1695 to 0.1775
TRY to CNY
0.1694
90dLows
1d−0.2%

A-Z


Turkish lira to US dollar
TRYUSD 90 day chart

TRY to USD is at 90-day lows near 0.023799, 1.8% below its 3-month average of 0.024227, having traded in a very stable 3.6% range from 0.023799 to 0.024660
TRY to USD
0.023823
90dLows
1d−0.2%