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TRY to USD Forecasts – Turkish lira to US dollar

Latest TRY to USD forecasts including bank predictions, key market drivers and recent trends for TRY/USD. See where analysts expect the pair to move and the factors likely to influence it.

 

TRY to USD Forecast & Outlook

09 May 2026 • 01:09 GMT

TRY/USD 0.022043

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 0.0220 – 0.0220
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, TRY/USD is trading close to 90-day lows near 0.02204, supported by risk-off sentiment and global risk conditions. Over the next few sessions, the pair may remain sensitive to risk appetite movements, with near-term conditions suggesting ongoing weakness as safe-haven flows dominate.

💸 Transfer implications

  • Expats: sending money to US Dollar (USD) may find current levels more favourable than recent ones but should watch for potential further weakening.
  • Travellers: buying US Dollar (USD) cash or loading cards could face less favourable exchange rates if TRY/USD declines further.
  • Businesses: paying USD invoices with Turkish Lira (TRY) may see costs rise if the pair continues to move lower.

🧭 Key drivers

  • Rate gap: Turkey’s interest rate hike to 45% supports TRY but has not offset global risk-off pressures.
  • Risk/commodities: Risk-off environment, influenced by geopolitical tensions and USD strength, pressures risk-sensitive FX.
  • Global factors: Market sentiment driven by US Federal Reserve expectations and global risk aversion underpins USD support.

⚠️ What could change it

  • Upside risk: A decline in global risk aversion could support the TRY and improve its valuation.
  • Downside risk: Further escalation of geopolitical tensions or a stronger US dollar may weaken TRY further.

BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs. Comparing FX providers can also offset less favourable exchange conditions. Finding providers with lower margins is a practical way to reduce total transfer costs.

TRY-USD Rate Calculator

 
 
   
   
   
   
   
 
 

TRY to USD Market Data

Turkish lira (TRY) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
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1 TRY =
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1d−0.1%▼
90dLows◒
TRY to USD is at 90-day lows near 0.022022, 2.1% below its 3-month average of 0.022492, having traded in a quite stable 4.1% range from 0.022022 to 0.022931
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  1 USD = 45.42 TRY

Compare & Save - Turkish lira to US dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Turkish lira (TRY) to US dollar (USD) rates from different sources before making a conversion.

Use our TRY to USD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Lira to Dollar currency rates and the possible savings of using various providers.

 
 

Will the Turkish lira rise against the US dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Turkish lira vs US dollar current value is to look the TRY/USD historic rate and change over a range of periods.

The following table looks at the change in the TRY to USD exchange rate over periods from the previous week back to the last 10 years.

DateTRY/USDPeriod
25 Apr 2026
0.0222
2 Week
08 Feb 2026
0.0230
3 Month
09 May 2025
0.0258
1 Year
10 May 2021
0.1208
5 Year
11 May 2016
0.3389
10 Year
14 May 2006
0.7132
20 Year
TRY/USD historic rates

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add TRY/USD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more