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Several emerging-market currencies are trading at or near record lows against the US dollar, led by the Indian rupee and Indonesian rupiah. For travellers, expats and businesses, the moves are a reminder to compare rates carefully before sending or exchanging money.
Maximise your Aussie dollar abroad. Discover four travel destinations—New Zealand, Indonesia, Vietnam, and Türkiye—where the AUD currently stretches furthest, helping you save on every experience.
From the ancient wonders of Ephesus to the majestic Byzantine dome of Aya Sofya, Turkey is a treasure trove of world-renowned ruins and monuments. This land, once a vital stop on the Silk Road, bears the imprint of empires like the Romans, Byzanti...
Currently, USD/TRY is trading close to 90-day highs near 47.51, supported by the rate differential and Turkish rate hikes. The pair remains within its recent range, but the broader policy gap favors a continued US Dollar strength.
Currently, TRY/USD is trading close to 90-day lows near 0.021046, supported by risk-off sentiment and deteriorating risk appetite. Over the next few sessions, the pair may remain supported by safe-haven flows...
Currently, TRY/INR is trading close to 90-day lows near 2.0079, holding below its 3-month average. Risk-off sentiment driven by geopolitical tensions and rising oil prices continues to pressure the Turkish Lira.
Currently, TRY/GBP is trading close to its 90-day lows at 0.015611, finding support around recent range lows. The pair's decline is driven by heightened risk-off sentiment amid inflation concerns and rate hikes in Turkey.
Currently, TRY/EUR is trading close to 90-day lows near 0.018244, about 2.5% below its 3-month average. The pair remains pressured by risk-off sentiment and external shocks.
Currently, TRY/AUD is trading near the midpoint of its recent range, supported by stable global risk sentiment and a neutral rate differential. The pair remains within a 4% range, with limited momentum.
Currently, GBP/TRY is trading near its 90-day high around 64.05, supported by the rate differential favoring the Lira. The pair remains close to recent highs within its recent range, showing limited room for...
EUR/TRY is trading close to recent 90-day highs near 54.81, supported by the rate differential with Turkish rates at 45%. The pair remains within its recent range, but the dominant driver of the rate...
Currently, CHF/TRY is trading close to the recent high within its 3-month range, holding near 58.82. The pair is supported by limited directional momentum as the range remains narrow.
Currently, AUD/TRY is trading near the 33.33 level, supported by Turkish hawkish monetary policy and macroprudential measures. The pair remains within its recent 4.0% range, holding above its 90-day average.