The Turkish lira weakened further to 15.9 per USD in May, edging closer to the all-time low of 18.4 hit in December, as surging inflation and recession worries exerted selling pressure on the risky currency. Soaring energy prices lifted Turkey’s inflation rate to a 20-year high of 70% in April, further pressuring the government’s fragile lira deposit protection scheme amid low reserve levels and large negative real interest rates. Currency stabilization measures by the central bank failed to contain depreciation, as authorities imposed reserve requirements to ease lending and encourage conversion of foreign currencies to the lira. The moves follow ongoing revisions of the central bank’s policy framework to encourage the permanent “liraization” to the Turkish economy, including extending the tax exemption of corporations converting foreign currency to the lira and hiking the foreign revenue ratio that exporters are required to sell from 25% to 40%.

Historically, the Turkish Lira reached an all time high of 18.41 in December of 2021. Turkish Lira - data, forecasts, historical chart - was last updated on May of 2022.

The Turkish Lira is expected to trade at 15.90 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 17.24 in 12 months time.

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Turkish Lira


Majors Price Day Year
EURUSD 1.0560 -0.0021 -0.20% -13.30%
GBPUSD 1.2492 0.0026 0.21% -11.76%
AUDUSD 0.7043 -0.0004 -0.05% -8.84%
NZDUSD 0.6409 0.0016 0.25% -10.58%
USDJPY 127.9370 0.0530 0.04% 17.43%
USDCNY 6.6973 -0.0274 -0.41% 4.08%
USDCHF 0.9746 0.0029 0.30% 8.56%
USDCAD 1.2838 0.0029 0.22% 6.39%
USDMXN 19.8524 -0.0720 -0.36% -0.45%
USDINR 77.8500 0.4500 0.58% 6.91%
USDBRL 4.8808 -0.0501 -1.02% -8.97%
USDRUB 59.5000 -2.6000 -4.19% -19.05%
USDKRW 1,270.6200 10.0110 0.79% 12.68%
DXY 103.0328 0.3088 0.30% 14.46%
USDTRY 15.9172 -0.0006 -0.004% 89.34%
USDSEK 9.9343 0.0205 0.21% 19.49%
USDPLN 4.3788 -0.0104 -0.24% 18.65%
USDNOK 9.7332 0.0510 0.53% 16.20%
USDZAR 15.8838 0.0329 0.21% 13.81%
USDDKK 7.0424 0.0156 0.22% 15.36%
USDSGD 1.3787 -0.0014 -0.11% 3.57%
USDILS 3.3571 -0.0071 -0.21% 3.13%
USDHKD 7.8468 -0.0010 -0.01% 1.07%
USDCLP 835.9500 -1.0500 -0.13% 16.01%
USDPKR 200.1000 0.4000 0.20% 31.02%
USDCZK 23.2906 -0.0121 -0.05% 11.45%
USDHUF 362.7200 -0.3020 -0.08% 27.02%
Crosses Price Day Year
USDTRY 15.9172 -0.0006 -0.004% 89.34%
EURTRY 16.8082 -0.0341 -0.20% 64.15%
GBPTRY 19.8817 0.0395 0.20% 91.38%
AUDTRY 11.2105 -0.0062 -0.06% 93.75%
NZDTRY 10.1965 0.0208 0.20% 69.28%
TRYJPY 8.0217 -0.0123 -0.15% -38.31%
TRYCNY 0.4229 -0.0022 -0.52% -45.44%
TRYCHF 0.0612 0.0002 0.30% -42.90%
TRYCAD 0.0806 0.0002 0.22% -44.02%
TRYMXN 1.2472 -0.0045 -0.36% -47.49%
TRYINR 4.8755 0.0011 0.02% -44.31%
TRYRUB 3.9091 0.0090 0.23% -55.66%
TRYKRW 79.4067 0.0611 0.08% -41.96%
TRYIDR 927.2257 7.1729 0.78% -44.86%
TRYARS 7.3855 -0.0300 -0.40% -34.68%
TRYCZK 1.4698 -0.0004 -0.03% -40.69%
TRYDKK 0.4423 -0.0028 -0.64% -39.53%
TRYHUF 22.8146 -0.1545 -0.67% -34.43%


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
15.92 15.92 18.41 0.01 1992 - 2022 Daily