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Compare USD to TRY travel money rates

Find the best currency exchange rates (United States Dollar to Turkish Lira cash)

This travel money calculator compares currency exchange rates for buying Turkish Lira foreign cash or purchases and withdrawals made with travel cards. Alternatively, you can compare USD to TRY foreign transfer exchange rates or use our quick and easy USD to TRY currency converter instead. We also help you save on your hotel costs - Search Turkey hotel deals.

Currency news and forecasts for United States Dollar and Turkish Lira

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the USD vs TRY, you should pay attention to both United States Dollar and Turkish Lira news and forecasts.

United States Dollar (USD) - Market news and forecasts

14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.

The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.

Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.

The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.

For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.

Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.

Turkish Lira (TRY) - Market news and forecasts

10-December-2018: The lira stabilized in the fourth quarter, albeit at relatively low levels, thanks to tighter monetary policy at Turkey’s central bank. The lira experienced a full-on crisis mid-year.

Between January and August 13th, the lira lost nearly half its value (46 percent to be precise). On December 10th, at a rate of 5.325 to the US dollar, the lira’s loss for the year was down to 29 percent.

There are a host of reasons for the lira's weakness in 2018; these include high inflation, which remains above 20 percent, a deterioration in Washington-Ankara relations, threats to global trade from this year’s US-China trade tensions, and the strong dollar and firmer US yields, which make foreign loan repayments more expensive.

The lira will weaken to 5.75 per dollar by the end of 2019, a Commerzbank analyst said in December. A moderation in inflation will prompt a reduction in interest rates, the analyst believes, and this will not be viewed favourably by investors.

Sorry, our travel money calculators are currently only available for comparing exchange rates rates for buying foreign cash and travel money in Australia, Canada, France, Germany, Netherlands, New Zealand, United Kingdom and the USA.