TRY=X - USD/TRY

CCY - CCY Delayed Price. Currency in TRY
5.7125
+0.0392 (+0.6910%)
As of 5:37PM BST. Market open.
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Previous Close5.673
Open5.677
Bid5.715
Day's Range5.66 - 5.723
52 Week Range4.7355 - 7.0738
Ask5.719
  • Reuters4 days ago

    Turkish lira slips as Trump unclear on sanctions

    The Turkish lira weakened slightly early on Friday, giving up some of the gains made the previous evening as U.S. President Donald Trump was unclear over whether his administration was looking at imposing sanctions on Turkey. The currency had firmed late on Thursday from levels around 5.7 earlier in the day after Trump said the United States is not currently looking at sanctioning Turkey over its purchase of the Russian defence system. "It's a very, very difficult situation for a lot of reasons," Trump said, when asked if he had ruled out sanctions on Ankara.

  • Reuters5 days ago

    UPDATE 2-Turkish lira firms after Trump says U.S. not looking at sanctions on Turkey

    The Turkish lira firmed on Thursday afternoon after U.S. President Donald Trump said the United States is not currently looking at sanctioning Turkey over its purchase of Russian air defence systems. The currency was steady earlier in the day, shrugging off the U.S. decision to remove Ankara from the F-35 fighter jet programme after it began receiving delivery of the Russian S-400 missile defence system last week. The lira briefly firmed to 5.6140 against the dollar following Trump's comments, before weakening to 5.6325 against the dollar at 1716 GMT.

  • Reuters11 days ago

    Turkish lira slides over possible U.S. sanctions after S-400 delivery

    The Turkish lira was 1.3% weaker against the dollar on Friday over U.S. sanction worries, after Russia delivered S-400 air defence missile system parts to Turkey. The first parts of the S-400 air defence system were flown to a military air base near the capital Ankara, a move expected to trigger U.S. sanctions against a NATO ally and drive a wedge into the heart of the Western military alliance. Cristian Maggio, head of emerging markets strategy at TD Securities, said markets had barely begun to react to the S-400 delivery and that U.S. sanctions risks should not be underestimated.

  • Forex Daily Recap – Turkish Lira Fell as Edrogan Fired Central Bank Governor
    FX Empire15 days ago

    Forex Daily Recap – Turkish Lira Fell as Edrogan Fired Central Bank Governor

    BoJ Governor mentioned that the Bank would make necessary adjustments in the monetary policy to attain its inflation target. After facing a severe pullback on July 5, the EUR/USD pair had appeared to cling near 1.1228 mark.

  • Turkish lira drops after Erdogan boots central-bank chief
    MarketWatch15 days ago

    Turkish lira drops after Erdogan boots central-bank chief

    Turkish President Recep Tayyip Erdogan’s decision over the weekend to oust the country’s top central banker might make U.S. President Donald Trump jealous, but it runs the risk of sending Turkey into a full-blown currency crisis, analysts said Monday.

  • Investing.com15 days ago

    Top 5 Things to Know in the Market on Monday

    Investing.com - Here are the top five things you need to know in financial markets on Monday, July 8:

  • Reuters15 days ago

    UPDATE 3-Turkish lira hit by central bank governor dismissal, policy worries

    Turkey's lira weakened on Monday after President Tayyip Erdogan dismissed the central bank governor, reigniting concerns about political interference in monetary policy and expectations of rate cuts to revive the recession-hit economy. "His removal speaks to Erdogan's insistence on imposing his diktats on monetary policy, and more broadly, it suggests tight presidential control of economic policies," said Phoenix Kalen, EM strategy director at Societe Generale.

  • Investing.com15 days ago

    Dollar Drifts Lower, but Surges vs Turkish Lira

    Investing.com -- The dollar was slightly lower in early morning trading in Europe, but holding on to most of the gains it posted after Friday’s stronger-than-expected U.S. employment report forced a rethink on the Federal Reserve’s future interest rate path.

  • Reuters16 days ago

    UPDATE 1-Turkish lira weakens to 5.8125 after cenbank governor dismissed

    The Turkish lira weakened to 5.8125 against the U.S. dollar on Sunday evening from 5.6345 in the last U.S. trade on Friday, after President Tayyip Erdogan dismissed the central bank governor early on Saturday. Governor Murat Cetinkaya, whose four-year term was due to run until 2020, was replaced by his deputy Murat Uysal, a presidential decree published early on Saturday in the official gazette showed. Erdogan sacked the central bank governor for refusing the government's repeated demands for rate cuts, Hurriyet newspaper on Sunday quoted Erdogan as telling a meeting with his party's lawmakers.

  • Reuters16 days ago

    Turkish lira weakens to 5.79 after dismissal of cenbank governor

    The Turkish lira weakened to 5.79 against the U.S. dollar on Sunday evening from 5.6345 in last U.S. trade on Friday, after President Tayyip Erdogan dismissed the central bank governor early on Saturday. Governor Murat Cetinkaya, whose four-year term was due to run until 2020, was replaced by his deputy Murat Uysal, a presidential decree published early on Saturday in the official gazette showed. Erdogan sacked the central bank governor for refusing the government's repeated demands for rate cuts, Hurriyet newspaper on Sunday quoted Erdogan as telling a meeting with his party's lawmakers.

  • Reuters22 days ago

    UPDATE 2-Turkish lira soars nearly 2.8% after Trump-Erdogan meeting

    The Turkish lira soared nearly 2.8% on Monday to its strongest level since April after President Tayyip Erdogan said he heard from U.S. President Donald Trump there would be no sanctions over Turkey's purchase of Russian S-400 defence systems. On track for its biggest daily jump in weeks, the lira at 1308 GMT stood at 5.63 against the dollar, its best reading since April 8. The currency closed at 5.7875 on Friday, before Erdogan met Trump at the G20 summit in Japan at the weekend.

  • Moody's28 days ago

    UniCredit Bank AG -- Moody's affirms UniCredit Bank AG's Baa3 Turkish lira-denominated junior senior unsecured bond rating

    Moody's Investors Service has today affirmed the Baa3 rating of a junior senior unsecured bond instrument (ISIN:DE000HV5L1V1) issued by UniCredit Bank AG (UCB, deposits A2 stable/senior unsecured A2 stable, Baseline Credit Assessment (BCA) baa2). The affirmation of UCB's Turkish lira-denominated junior senior unsecured bond reflects Moody's view that the risks to a timely settlement of the principal payment obligation under this zero-coupon bond have not significantly increased, despite an increasing probability of policy measures that could constrain the ability of the issuer to access Turkish lira.

  • Investing.com28 days ago

    Dollar Weakens Further as Market Positions for Rate Cuts

    Investing.com -- The dollar continued its decline in early trading in Europe Tuesday, with the yen and euro strengthening as traders anticipate the erosion of the interest rate premium on dollar assets.

  • Popular Turkey-specific fund climbs as Erdogan suffers election defeat
    MarketWatch29 days ago

    Popular Turkey-specific fund climbs as Erdogan suffers election defeat

    A popular exchange-traded fund that tracks Turkey’s stock market is climbing on Monday after Ekrem Imamoglu of the opposition Republican People’s party won a key closely watched mayoral race over the weekend,

  • Turkish currency buoyed by Istanbul election result
    MarketWatch29 days ago

    Turkish currency buoyed by Istanbul election result

    Turkey’s lira currency has opened higher against the U.S. dollar on Monday after a repeat election for mayor in Istanbul ended months of uncertainty with a landmark opposition win in the country’s largest city.

  • Reuters29 days ago

    UPDATE 2-Turkish assets rally after opposition wins Istanbul election

    The Turkish lira, bonds and shares gained on Monday after the opposition dealt a stinging blow to President Tayyip Erdogan by winning control of Istanbul in a re-run mayoral election on Sunday. Turkish assets have lost value since March amid uncertainty over how the vote might affect Erdogan's economic policies and concern over strained relations between Ankara and Washington related to Turkey's purchase of Russian S-400 defence systems. One banker said the outcome had removed a source of political uncertainty and markets were hoping the government would now shift its attention to the economic reforms that Turkey needs.

  • Investing.com29 days ago

    StockBeat - Turkish Delight as Stocks, Lira Soar on Istanbul Vote

    By Geoffrey Smith

  • Turkish lira stabilizes as opposition candidate wins Istanbul mayor’s race, dealing blow to Erdogan
    MarketWatchlast month

    Turkish lira stabilizes as opposition candidate wins Istanbul mayor’s race, dealing blow to Erdogan

    In a blow to Turkish President Recep Tayyip Erdogan, an opposition candidate declared victory in the Istanbul mayor’s race for a second time Sunday after the government-backed candidate conceded defeat in a high-stakes repeat election.

  • Reuterslast month

    Turkish lira firms after Fed rate cut signal

    Turkey's lira firmed more than 0.8% on Thursday after the Federal Reserve signalled possible interest rate cuts later this year. The U.S. Federal Reserve on Wednesday said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month, as it decided to hold its rates steady. Turkey's main BIST 100 index was up 1.13% while banking index was up 2%.

  • Reuterslast month

    UPDATE 1-Turkish lira weakens on report detailing possible U.S. sanctions

    The Turkish lira weakened on Wednesday after Bloomberg said the United States is considering sanctions that could target Turkish defence companies, cutting them off from the U.S. financial system over Ankara's purchase of a Russian defence system. Ankara and Washington have sparred publicly for months over the S-400 missile systems, expected to be delivered to Turkey as early as next month.

  • Turkey’s lira under pressure as central bank stages fresh defense of currency
    MarketWatch2 months ago

    Turkey’s lira under pressure as central bank stages fresh defense of currency

    The Turkish lira on Tuesday was retreating against the U.S. dollar as the government told local banks to slow process currency purchases, a fresh attempt to tamp down speculative bets on lira, according to reports.

  • Reuters2 months ago

    Turkish lira weakens after cenbank repos resume, FX purchase move

    ANKARA/ISTANBUL, May 21 (Reuters) - The Turkish lira weakened on Tuesday after the central bank lowered the swap market lira interest rate and held a repo auction for the first time in nearly two weeks, reversing a policy tightening step it had taken to support the currency. A currency crisis last year wiped nearly 30% off the lira's value against the dollar and it has fallen further in 2019.