Exchange Rate
49.6255
Daily Change
0.0707 0.14%
Monthly
1.86%
Yearly
18.23%
Q4 Forecast
49.4408
Turkish Lira - Summary

The Turkish lira approached 50 per US dollar in October 2026, hitting a fresh record low as authorities maintained a controlled pace of depreciation while intervening in foreign exchange markets to prevent a sharper decline. The lira remains exposed to carry-trade positioning, with investors borrowing in lower-yielding currencies to invest in Turkish assets offering higher returns. At its October meeting, the Central Bank of Turkey cut its benchmark interest rate by 100 basis points to 36%, as expected, marking its first rate cut since the war with Iran began. The decision followed a further easing in inflation, which slowed to 29.73% in September, its lowest level in nearly five years.. The easing cycle is expected to continue into 2027, with the policy rate forecast to fall to 28% by year-end. Meanwhile, the investment fund sector is facing a crisis after regulators ordered the liquidation of 131 funds.

Turkish Lira - Stats

The USD/TRY exchange rate rose to 49.6267 on October 22, 2026, up 0.15% from the previous session. Over the past month, the Turkish Lira has weakened 1.86%, and is down by 18.23% over the last 12 months. Historically, the USDTRY reached an all time high of 49.65 in October of 2026. Turkish Lira - data, forecasts, historical chart - was last updated on October 22 of 2026.

Turkish Lira - Forecast

The USD/TRY exchange rate rose to 49.6267 on October 22, 2026, up 0.15% from the previous session. Over the past month, the Turkish Lira has weakened 1.86%, and is down by 18.23% over the last 12 months. The Turkish Lira is expected to trade at 49.44 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 49.13 in 12 months time.



Crosses Price Day Year Date
USDTRY 49.6255 0.0707 0.14% 18.23% Oct/22
EURTRY 55.8247 0.1643 0.30% 14.47% Oct/22
GBPTRY 66.5208 0.1481 0.22% 18.92% Oct/22
AUDTRY 34.8418 0.0093 0.03% 27.46% Oct/22
NZDTRY 28.2230 -0.0233 -0.08% 16.85% Oct/22
TRYJPY 3.1622 -0.0290 -0.91% -12.68% Oct/22
TRYCNY 0.1345 -0.0002 -0.17% -20.80% Oct/22
TRYCHF 0.0166 -0.0001 -0.49% -12.71% Oct/22
TRYCAD 0.0282 -0.0001 -0.43% -15.35% Oct/22
TRYMXN 0.3770 -0.00005 -0.01% -14.16% Oct/22
TRYINR 1.9114 -0.0005 -0.02% -8.87% Oct/21
TRYBRL 0.1013 -0.0001 -0.15% -21.09% Oct/21
TRYRUB 1.6517 -0.0121 -0.73% -14.82% Oct/21
TRYKRW 26.7157 -0.0437 -0.16% -21.67% Oct/21
TRYIDR 363.2793 0.2816 0.08% -8.19% Oct/21
TRYARS 30.7604 -0.0039 -0.01% -13.37% Oct/21
TRYCZK 0.4355 -0.0008 -0.18% -12.77% Oct/21
TRYDKK 0.1342 -0.00005 -0.03% -12.56% Oct/21
TRYHUF 6.5557 0.0184 0.28% -18.04% Oct/21
 Currencies
 TRY...
 ...TRY



Related Last Previous Unit Reference
Turkey Inflation Rate 29.73 31.51 percent Sep 2026
United States Inflation Rate 3.70 3.40 percent Sep 2026
Turkey Interest Rate 36.00 37.00 percent Oct 2026
United States Fed Funds Interest Rate 4.00 3.75 percent Sep 2026
United States Unemployment Rate 4.20 4.10 percent Sep 2026
Turkey Unemployment Rate 7.80 8.10 percent Aug 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
49.63 49.55 49.65 0.01 1992 - 2026 Daily

News Stream
Turkish Lira Hits New Low
The Turkish lira approached 50 per US dollar in October 2026, hitting a fresh record low as authorities maintained a controlled pace of depreciation while intervening in foreign exchange markets to prevent a sharper decline. The lira remains exposed to carry-trade positioning, with investors borrowing in lower-yielding currencies to invest in Turkish assets offering higher returns. At its October meeting, the Central Bank of Turkey cut its benchmark interest rate by 100 basis points to 36%, as expected, marking its first rate cut since the war with Iran began. The decision followed a further easing in inflation, which slowed to 29.73% in September, its lowest level in nearly five years.. The easing cycle is expected to continue into 2027, with the policy rate forecast to fall to 28% by year-end. Meanwhile, the investment fund sector is facing a crisis after regulators ordered the liquidation of 131 funds.
2026-10-22
Turkish Lira Holds Devaluation Pace
The Turkish lira weakened to a record low of 48.5 per USD in September, maintaining the controlled and slow devaluation rate by the Central Bank of Turkey as it intervenes in foreign exchange markets to prevent a slide. The TCMB held its key policy rate unchanged for the fifth straight decision in September, as expected. The central bank flagged that leading indicators pointed to a deceleration in underlying inflation in recent months, balanced by higher inflationary risks triggered by escalation in the Middle East war. The central bank had continued to sell liras in the open market to maintain the steady pace of devaluation. Support for the currency was also seen with policymakers downplaying an imminent return to one-week repo auctions, which has been suspended since March, forcing financial institutions to use the more expensive overnight rate.
2026-09-10
Turkish Lira Hits All-time Low
USDTRY increased to an all-time high of 48.37. Over the past 4 weeks, US Dollar Turkish Lira gained 1.67%, and in the last 12 months, it increased 17.47%.
2026-09-02