The USD/TRY exchange rate was unchanged at 47.2112 on July 22, 2026. Over the past month, the Turkish Lira has weakened 1.60%, and is down by 16.73% over the last 12 months. Historically, the USDTRY reached an all time high of 47.30 in July of 2026.

The Turkish Lira is expected to trade at 47.05 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 46.72 in 12 months time.



Crosses Price Day Year Date
USDTRY 47.2203 0.0078 0.02% 16.76% Jul/22
EURTRY 53.8856 0.0690 0.13% 13.17% Jul/22
GBPTRY 63.2061 0.0542 0.09% 15.81% Jul/22
AUDTRY 33.0723 0.0268 0.08% 25.04% Jul/22
NZDTRY 27.5152 0.0139 0.05% 13.65% Jul/22
TRYCNY 0.1434 0.00004 0.02% -19.29% Jul/22
TRYCHF 0.0172 0.0000001 0.001% -12.48% Jul/22
TRYCAD 0.0299 -0.00001 -0.04% -11.38% Jul/22
TRYMXN 0.3684 -0.0004 -0.10% -20.25% Jul/22
TRYJPY 3.4585 0.0136 0.40% -4.88% Jul/21
TRYINR 2.0438 -0.0017 -0.08% -4.35% Jul/21
TRYBRL 0.1074 -0.0009 -0.79% -22.11% Jul/21
TRYRUB 1.6648 -0.0043 -0.26% -14.04% Jul/21
TRYKRW 31.3957 0.1051 0.34% -8.32% Jul/21
TRYIDR 378.7594 -1.5166 -0.40% -6.38% Jul/21
TRYARS 31.3159 -0.0889 -0.28% -0.72% Jul/21
TRYCZK 0.4496 0.0001 0.01% -13.76% Jul/21
TRYDKK 0.1390 0.0001 0.08% -12.09% Jul/21
TRYHUF 6.7262 0.0062 0.09% -20.37% Jul/21
 Currencies
 TRY...
 ...TRY



Related Last Previous Unit Reference
United States Inflation Rate 3.50 4.20 percent Jun 2026
Turkey Inflation Rate 32.11 32.61 percent Jun 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jun 2026
Turkey Interest Rate 37.00 37.00 percent Jun 2026
United States Unemployment Rate 4.20 4.30 percent Jun 2026
Turkey Unemployment Rate 8.20 8.20 percent May 2026

Turkish Lira
The USDTRY spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the TRY. While the USDTRY spot exchange rate is quoted and exchanged in the same day, the USDTRY forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
47.21 47.21 47.30 0.01 1992 - 2026 Daily

News Stream
Turkish Lira Tops 46 per USD, Hits New Low
The Turkish lira topped 46 per USD in June, hitting a new high and extending its gradual, managed depreciation, leaving the currency down around 7% year-to-date. Authorities have maintained this approach since 2023, when Mehmet Simsek assumed office as Minister of Treasury and Finance and shifted policy towards a more orthodox economic framework aimed at stabilisation. The central bank’s disinflation strategy has largely relied on preserving a degree of real appreciation in the lira, ensuring it does not weaken faster than monthly inflation, supported by foreign exchange interventions. However, the recent energy shock triggered by the war with Iran poses a risk to the disinflation path. Inflation rose for a second consecutive month to 32.61% in May, with Turkey remaining a major importer of oil and gas. On a monthly basis, inflation nevertheless eased to 1.7% from 4.2%, encouraging the central bank to keep interest rates unchanged for a third consecutive time in June.
2026-06-05
Turkish Lira Hits Record Low
The Turkish lira fell past 45.5 per US dollar in mid-May, hitting a fresh record low after the central bank signaled that disinflation will be slower than previously expected amid energy and food price shocks linked to the Middle East conflict. This comes against the backdrop of a disinflation strategy that relies on maintaining a degree of real appreciation in the lira, aiming to prevent currency depreciation from outpacing inflation and gradually anchor price stability. However, this approach is under strain as inflation pressures remain elevated. Policymakers now project end-2026 inflation at 26%, above the 15%–21% forecast range set in February. Consumer prices also rose 4.18% month-on-month in April, pushing the annual inflation rate to 32.37%, a six-month high and above market expectations of 31%. In response, the central bank has kept its policy rate at 37% for two straight meetings but has effectively tightened liquidity by lending at a higher 40% rate since the conflict began.
2026-05-15
Turkish Lira Hits All-time Low
USDTRY increased to an all-time high of 45.53. Over the past 4 weeks, US Dollar Turkish Lira gained 1.77%, and in the last 12 months, it increased 17.75%.
2026-05-14