Exchange Rate
50.3684
Daily Change
0.0438 0.09%
Monthly
1.99%
Yearly
19.24%
Q4 Forecast
50.0820
Turkish Lira - Summary

The Turkish lira traded near 50 per US dollar in November 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 currency remains vulnerable to carry-trade positioning, whereby investors borrow in lower-yielding currencies to invest in Turkish assets offering higher returns. At its October meeting, the Central Bank of the Republic of Türkiye cut its benchmark interest rate by 100 basis points to 36%, as expected, marking its first rate reduction since the war with Iran began. However, inflation unexpectedly edged up to 29.77% in October. Despite the slight acceleration in inflation, analysts believe the latest reading is unlikely to alter the central bank's monetary easing path. Many continue to expect another 100bps rate cut this year.

Turkish Lira - Stats

The USD/TRY exchange rate rose to 50.3673 on November 13, 2026, up 0.08% from the previous session. Over the past month, the Turkish Lira has weakened 1.99%, and is down by 19.23% over the last 12 months. Historically, the USDTRY reached an all time high of 50.38 in November of 2026. Turkish Lira - data, forecasts, historical chart - was last updated on November 13 of 2026.

Turkish Lira - Forecast

The USD/TRY exchange rate rose to 50.3673 on November 13, 2026, up 0.08% from the previous session. Over the past month, the Turkish Lira has weakened 1.99%, and is down by 19.23% over the last 12 months. The Turkish Lira is expected to trade at 50.08 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 49.76 in 12 months time.



Crosses Price Day Year Date
USDTRY 50.3684 0.0438 0.09% 19.24% Nov/13
EURTRY 55.7475 0.1142 0.21% 13.57% Nov/13
GBPTRY 66.6555 0.0202 0.03% 19.69% Nov/13
AUDTRY 34.3084 0.0332 0.10% 24.46% Nov/13
NZDTRY 27.9314 0.0106 0.04% 16.63% Nov/13
TRYJPY 3.1758 0.0009 0.03% -13.25% Nov/13
TRYCNY 0.1325 -0.0001 -0.05% -21.19% Nov/13
TRYCHF 0.0166 -0.000003 -0.02% -11.66% Nov/13
TRYCAD 0.0283 -0.00001 -0.04% -14.85% Nov/13
TRYMXN 0.3691 -0.0003 -0.09% -14.92% Nov/13
TRYINR 1.8742 0.0077 0.41% -10.94% Nov/12
TRYBRL 0.1127 0.0016 1.39% -10.37% Nov/12
TRYRUB 1.6493 0.0036 0.22% -14.57% Nov/12
TRYKRW 26.5643 -0.0919 -0.34% -23.89% Nov/12
TRYIDR 363.0018 0.9170 0.25% -8.70% Nov/12
TRYARS 30.7477 -0.0060 -0.02% -8.10% Nov/12
TRYCZK 0.4389 0.0012 0.27% -11.64% Nov/12
TRYDKK 0.1346 0.0004 0.27% -12.06% Nov/12
TRYHUF 6.5807 0.0295 0.45% -16.53% Nov/12
 Currencies
 TRY...
 ...TRY



Related Last Previous Unit Reference
Turkey Inflation Rate 29.77 29.73 percent Oct 2026
United States Inflation Rate 3.70 3.40 percent Sep 2026
United States Fed Funds Interest Rate 4.00 4.00 percent Oct 2026
Turkey Interest Rate 36.00 37.00 percent Oct 2026
United States Unemployment Rate 4.10 4.20 percent Oct 2026
Turkey Unemployment Rate 8.40 7.90 percent Sep 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
50.37 50.32 50.38 0.01 1992 - 2026 Daily

News Stream
Turkish Lira traded above 50
The US Dollar exchange rate rose above 50 Turkish Lira in the foreign exchange interbank market.
2026-11-03
Turkish Lira Holds at Record Lows
The Turkish lira traded near 50 per US dollar in November 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 currency remains vulnerable to carry-trade positioning, whereby investors borrow in lower-yielding currencies to invest in Turkish assets offering higher returns. At its October meeting, the Central Bank of the Republic of Türkiye cut its benchmark interest rate by 100 basis points to 36%, as expected, marking its first rate reduction since the war with Iran began. However, inflation unexpectedly edged up to 29.77% in October. Despite the slight acceleration in inflation, analysts believe the latest reading is unlikely to alter the central bank's monetary easing path. Many continue to expect another 100bps rate cut this year.
2026-11-03
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