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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.

 

Turkish lira (TRY) Market Update

The exchange rate forecast for the USD to TRY highlights a complex blend of geopolitical tensions, economic data, and market sentiment. Recently, the US dollar has exhibited strength, substantially increasing as markets anticipate the upcoming FOMC minutes. Analysts attribute this strength to a risk-averse environment, with investors flocking to the dollar due to heightened geopolitical uncertainties. The expectation that the Federal Reserve will maintain a hawkish stance on monetary policy has further supported the dollar’s value.

However, looming US GDP figures indicating a potential 0.3% contraction in the first quarter could reignite recession fears. If these figures underperform, economists warn that the dollar may face downward pressure. In addition, recent trade policies announced by US President Donald Trump, including reciprocal tariffs on imports from Turkey, are likely to exacerbate the dollar's position against the lira. Trump's protectionist measures have raised concerns about the long-term stability of the dollar, particularly given its role as the world’s foremost currency for international transactions.

On the Turkish side, the economy faces significant challenges, especially following the recent arrest of Istanbul Mayor Ekrem İmamoğlu, which has sparked political unrest and investor anxiety. This turmoil has caused the Turkish lira to reach record lows, plummeting over 3.3% against the dollar. Experts highlight that such political instability can significantly hinder efforts to stabilize the lira, which has already been under pressure from Turkey’s complex economic landscape.

Price data indicates the USD/TRY trading at 39.21, which is a 90-day high and sits 3.1% above its three-month average of 38.03, having fluctuated in a range from 36.40 to 39.21. Analysts express concern that if current trends continue, the TRY may not only struggle to recover but could also face further depreciation driven by ongoing political and economic challenges.

Overall, the USD’s strength coupled with Turkey’s internal strife presents a precarious outlook for the USD to TRY exchange rate, rendering the lira particularly vulnerable in the face of both domestic instability and international economic pressures.

 

US dollar to Turkish lira - USD/TRY Trend

 
USD to TRY is at 90-day highs near 39.21, 3.1% above its 3-month average of 38.03, having traded in a relatively stable 7.7% range from 36.40 to 39.21
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1 USD =
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TRY
 
+0.2%
90d-highs
 
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Top TRY Rates


Turkish lira to US dollar
TRYUSD 90 day chart

TRY to USD is at 90-day lows near 0.025504, 3.0% below its 3-month average of 0.026309, having traded in a relatively stable 7.7% range from 0.025504 to 0.027470
TRY to USD
0.025513
-0.2%
90d-lows

Euro to Turkish lira
EURTRY 90 day chart

EUR to TRY is at 90-day highs near 44.49, 5.3% above its 3-month average of 42.24, having traded in a very volatile 17.8% range from 37.78 to 44.49
EUR to TRY
44.48
90d-highs

British pound to Turkish lira
GBPTRY 90 day chart

GBP to TRY at 52.76 is 5.6% above its 3-month average of 49.98, having traded in a very volatile 15.4% range from 45.77 to 52.84
GBP to TRY
52.76
90d-highs

Japanese yen to Turkish lira
JPY to TRY at 0.2721 is 4.4% above its 3-month average of 0.2606, having traded in a rather volatile 13.4% range from 0.2417 to 0.2740
JPY to TRY
0.2721
+0.3%

Canadian dollar to Turkish lira
CADTRY 90 day chart

CAD to TRY at 28.53 is 5.4% above its 3-month average of 27.06, having traded in a rather volatile 13.7% range from 25.11 to 28.56
CAD to TRY
28.53
+0.7%

A-Z


Turkish lira to US dollar
TRYUSD 90 day chart

TRY to USD is at 90-day lows near 0.025504, 3.0% below its 3-month average of 0.026309, having traded in a relatively stable 7.7% range from 0.025504 to 0.027470
TRY to USD
0.025513
-0.2%
90d-lows