The Turkish lira weakened to near the 16.8 per USD level, depreciating from the three-week high of 16.1 touched on June 27 as fresh CPI data confirmed expectations that prices continued to accelerate. Annual inflation in Turkey rose to 78.6 percent, the highest in nearly 24 years, underpinned by a 150 percent surge in energy costs. The lira remains as the worst performing currency among emerging markets year-to-date, pressured by the world’s largest negative interest rates when considering inflation and steep current account deficits. The Turkish central bank left its interest rates unchanged in the last meeting, despite pledges by President Tayyip Erdogan’s pledge to continue slashing borrowing costs to resume the 500bps in interest rate cuts that took place between August and December of 2021. Harsh stabilization measures by the central bank and efforts to balance reserve levels have done little to offset negative borrowing costs.

Historically, the Turkish Lira reached an all time high of 18.46 in June of 2022. Turkish Lira - data, forecasts, historical chart - was last updated on July of 2022.

The Turkish Lira is expected to trade at 17.64 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 20.73 in 12 months time.

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Turkish Lira


Majors Price Day Year
EURUSD 1.0266 -0.0166 -1.59% -13.18%
GBPUSD 1.1951 -0.0165 -1.37% -13.42%
AUDUSD 0.6791 -0.0085 -1.24% -9.40%
NZDUSD 0.6162 -0.0044 -0.70% -12.27%
USDJPY 135.7250 -0.2000 -0.15% 22.72%
USDCNY 6.7123 0.0184 0.27% 3.61%
USDCHF 0.9683 0.0072 0.74% 4.72%
USDCAD 1.3044 0.0185 1.44% 4.67%
USDMXN 20.5665 0.3065 1.51% 2.75%
USDINR 79.2710 0.3620 0.46% 6.29%
USDBRL 5.3965 0.0672 1.26% 3.84%
USDRUB 61.0000 7.5000 14.02% -17.94%
USDKRW 1,308.2190 12.3490 0.95% 15.08%
DXY 106.5082 1.3702 1.30% 15.09%
USDTRY 16.9550 0.1540 0.92% 95.18%
USDSEK 10.5069 0.1700 1.64% 22.29%
USDPLN 4.6300 0.1110 2.46% 21.31%
USDNOK 10.0628 0.2375 2.42% 15.68%
USDZAR 16.5536 0.2234 1.37% 15.12%
USDDKK 7.2470 0.1090 1.53% 15.25%
USDSGD 1.4057 0.0100 0.72% 4.38%
USDILS 3.5106 0.0107 0.31% 7.48%
USDHKD 7.8469 0.0015 0.02% 1.03%
USDCLP 950.5200 22.2200 2.39% 27.33%
USDPKR 206.5000 2.0000 0.98% 30.65%
USDCZK 24.1136 0.4026 1.70% 11.28%
USDHUF 396.1900 10.8800 2.82% 32.45%
Crosses Price Day Year
USDTRY 16.9550 0.1540 0.92% 95.18%
EURTRY 17.4155 -0.1101 -0.63% 69.55%
GBPTRY 20.4112 0.0541 0.27% 70.22%
AUDTRY 11.5379 -0.0153 -0.13% 76.57%
NZDTRY 10.4020 -0.0230 -0.22% 70.50%
TRYJPY 7.9980 -0.0923 -1.14% -37.47%
TRYCNY 0.3983 -0.0024 -0.60% -46.59%
TRYCHF 0.0568 -0.0004 -0.76% -46.67%
TRYCAD 0.0761 -0.0004 -0.52% -46.54%
TRYMXN 1.2023 -0.0036 -0.30% -47.51%
TRYINR 4.6979 -0.0251 -0.53% -45.28%
TRYBRL 0.3167 -0.0023 -0.72% -45.65%
TRYRUB 3.1851 0.1035 3.36% -62.18%
TRYKRW 76.9685 -0.7418 -0.95% -40.91%
TRYIDR 890.9472 -2.7391 -0.31% -46.78%
TRYARS 7.4947 -0.0120 -0.16% -32.09%
TRYCZK 1.4121 -0.0075 -0.53% -43.10%
TRYDKK 0.4247 -0.0021 -0.50% -41.19%
TRYHUF 22.9343 -0.0018 -0.01% -32.84%


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
16.95 16.80 18.46 0.01 1992 - 2022 Daily