TRY=X - USD/TRY

CCY - CCY Delayed Price. Currency in TRY
5.3472
-0.0957 (-1.7583%)
As of 6:35PM GMT. Market open.
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Previous Close5.443
Open5.443
Bid5.347
Day's Range5.337 - 5.452
52 Week Range3.7163 - 7.0738
Ask5.35
  • Reuters9 hours ago

    EMERGING MARKETS-Currencies gain as Turkish lira firms before rate decision

    Most emerging market currencies firmed against the dollar on Wednesday, with Turkey's lira strengthening ahead of a central bank rate decision, while stocks in the developing world notched a six-week peak. Turkey's central bank sets borrowing costs later in the day, with a Reuters poll predicting the key rate will remain at a formidable 24 percent despite moderating inflation. The lira was 0.8 percent firmer after hitting its strongest level against the dollar in more than a week.

  • Reuters2 days ago

    Turkish lira weakens after Trump comment on economic devastation

    Turkey's lira weakened against the dollar on Monday after U.S. President Donald Trump warned the United States would devastate Turkey economically if Ankara attacks a Washington-backed Kurdish militia in Syria. The lira, which lost nearly 30 percent of its value against the dollar last year, eased to 5.53 against the U.S. currency by 0736 GMT from a close of 5.4540 on Friday after touching 5.5450 in early morning trade. President Donald Trump threatened Turkey with economic devastation if it attacks a U.S.-allied Kurdish militia in Syria prompting response from Ankara warning for a fatal mistake.

  • Turkish lira slides as Erdogan rejects U.S. calls, threatens ‘necessary lesson’ to Kurds
    MarketWatch8 days ago

    Turkish lira slides as Erdogan rejects U.S. calls, threatens ‘necessary lesson’ to Kurds

    The Turkish lira fell sharply against the U.S. dollar as well as the euro on Tuesday amid a perceived hit to relations between Turkey and the U.S. over military involvement in Syria.

  • Reuterslast month

    Turkish lira weakens on concerns of looser monetary policy

    Turkey's lira weakened some three percent on Tuesday amid increased expectations of an early loosening in monetary policy after data showed the country's annual inflation rate eased in November from a 15-year peak. The lira fell sharply earlier this year due to investors' concerns over the central bank's ability to respond adequately to high inflation as it faces pressure from President Tayyip Erdogan to lower borrowing costs. Efforts to mend strained diplomatic relations with the United States have also supported the lira.

  • Reuterslast month

    Turkish lira weakens on concerns of looser monetary policy

    Turkey's lira weakened nearly 1.5 percent on Tuesday, as expectations of a loosening in monetary policy rose after data showed Turkey's annual inflation rate fell from a 15-year peak in November. The consumer ...

  • Dollar’s bounce drags rivals across the board
    MarketWatch2 months ago

    Dollar’s bounce drags rivals across the board

    The U.S. dollar Tuesday bounced back from a modestly negative performance at the start of the week, in turn putting pressure on its major rivals, the euro and British pound, that continue to grapple with local political issues.

  • Bitcoin trapped in tighter range than Mexican peso, Brazilian real and other popular currencies
    MarketWatch2 months ago

    Bitcoin trapped in tighter range than Mexican peso, Brazilian real and other popular currencies

    Bitcoin volatility has plunged to levels that in theory could push day traders to switch from virtual to tangible currencies.

  • Reuters2 months ago

    EMERGING MARKETS-Emerging stocks falter, rising inflation hits Turkish lira

    Emerging market stocks fell for the first time in four days on Monday, hit by the prospect of faster rises in U.S. interest rates and uncertainty around the China-U.S. trade war, while data showing rising inflation hit the Turkish lira. U.S. jobs numbers on Friday bolstered expectations of another hike in rates in December, while hopes of a trade agreement between China and U.S. were quashed by comments from the White House. "The payroll data is a cause as (there is) anticipation of another Fed hike in the near-term and (that) may have weighed in on some emerging market currencies," said William Jackson, chief emerging markets economist at Capital Economics.

  • Dollar ends on a high, as euro slips over ECB headlines
    MarketWatch2 months ago

    Dollar ends on a high, as euro slips over ECB headlines

    The U.S. dollar strengthens on Friday after its main rival, the euro, gives back earlier gains on reports that the European Central Bank was considering a new round of long-term bank loans.

  • Reuters2 months ago

    Turkish lira firmest in three months on Iran sanctions waiver expectations

    The Turkish lira firmed 1.7 percent against the dollar to its strongest level in around three months on Friday, helped by investor optimism that Turkey will receive a waiver on U.S. sanctions targeting Iranian oil and the lifting of U.S. sanctions on two top Turkish officials. The lira, which has recovered from a slump to record lows in August, briefly strengthened beyond 5.4200 against the dollar by 1415 GMT from Thursday's close of 5.51. In a sign of improved relations, the United States on Friday lifted sanctions imposed on Turkey's justice and interior ministers, three weeks after Turkey freed an American pastor from detention.

  • Reuters2 months ago

    Turkish lira firmest in three months on Iran sanctions waiver expectations

    The Turkish lira firmed 1 percent against the dollar to its strongest level in around three months on Friday, helped by investor optimism that Turkey will receive a waiver on U.S. sanctions targeting Iranian oil. The lira, which has recovered from a slump to record lows in August, strengthened to 5.4600 against the dollar by 0850 GMT from Thursday's close of 5.51. It is currently down 30 percent against the U.S. currency this year, having been hit by concerns about President Tayyip Erdogan's influence over monetary policy and a diplomatic spat between Ankara and Washington.

  • Reuters3 months ago

    Turkish lira currency swaps to begin on Nov. 1

    Transactions in the Turkish lira currency swap market on behalf of the central bank will start on Nov. 1, the central bank said in a statement on Wednesday. Turkish banks' limits will be 10 percent of their pre-determined foreign exchange and banknotes market transaction limits, it said.

  • Turkish lira weakens anew; haven currencies gain on rising political tensions
    MarketWatch3 months ago

    Turkish lira weakens anew; haven currencies gain on rising political tensions

    Haven currencies like the Japanese yen gain on Tuesday in response to geopolitical headlines troubling investors.

  • Moody's3 months ago

    Istanbul, Metropolitan Municipality of -- Moody's: Weaker Turkish lira is negative for Istanbul and Izmir, but adequate liquidity coverage offers protection

    Although the Turkish lira's sharp depreciation this year has increased pressure on the budgets of the metropolitan municipalities of Istanbul (Ba3 negative) and Izmir (Ba3 negative), they both have adequate liquidity coverage in local currency to make higher debt payments, Moody's Public Sector Europe said in a report today. The lira 40% fall this year is negative for the municipalities because of their extensive borrowings in foreign currency to benefit from lower interest rates and longer maturities globally compared with those offered by domestic lenders.

  • Reuters3 months ago

    Turkish lira firms to its strongest in two months against dollar

    Turkey's lira firmed some 2 percent on Tuesday, hitting its strongest in more than two months against the dollar reflecting growing optimism about an improvement in ties with the United States after the return of a U.S. pastor last week. The lira firmed as far as 5.6638 against the dollar, its firmest since Aug. 10, the height of its sell-off this year, when it dropped as much as 18 percent at one point during the day. The lira has slowly strengthened since Friday, when Turkey ruled to release a U.S. pastor who has been at the centre of a row between Ankara and Washington that has contributed to the currency crisis.

  • Dollar Struggles Amid Soft U.S. Retail Sales
    Investing.com3 months ago

    Dollar Struggles Amid Soft U.S. Retail Sales

    Investing.com - The dollar was on the back foot Monday as soft U.S. retail sales data raised concerns over whether the strong pace of economic growth can continue.

  • Reuters3 months ago

    EMERGING MARKETS-Turkish lira firms on hopes of improving U.S. ties, EM stocks falter again

    Turkey's lira and stocks rose on Monday on hopes of a thaw in relations between Ankara and Washington while a late rally last week on Wall Street offered little respite for other emerging market stocks, which hovered near 1-1/2-year lows. Emerging markets were under pressure on worries of the U.S.-China trade dispute hitting China's economy. Chinese blue-chips closed 1.4 percent lower while Saudi Arabia's riyal weakened on rising tensions between Riyadh and the West over the disappearance of journalist Jamal Khashoggi.

  • Reuters3 months ago

    Turkish lira skittish as U.S. pastor appears in court

    Turkey's skittish lira moved in and out of negative territory on Friday as investors weighed the prospects for the release of a U.S. pastor whose trial has strained relations with Washington. The lira was trading at 5.90 to the dollar at 1134 GMT, unchanged from Thursday's close. It rose 3 percent on Thursday on expectations that the pastor, Andrew Brunson, would be returned to the United States after Friday's court hearing.

  • Reuters3 months ago

    UPDATE 3-Turkish lira skittish as U.S. pastor appears in court

    Turkey's skittish lira moved in and out of negative territory on Friday as investors weighed prospects for the release of a U.S. pastor whose trial has strained relations with Washington. The lira was trading at 5.8975 to the dollar at 1043 GMT, slightly firmer than Thursday's close. It gained 3 percent on Thursday on expectations that the pastor, Andrew Brunson, will be returned to the United States after Friday's court hearing.

  • Reuters3 months ago

    Turkish lira holds firm against dollar ahead of U.S. pastor hearing

    The Turkish lira held firm against the dollar early on Friday ahead of a hearing in the Turkish trial of a U.S. pastor which has strained relations between the two countries, with one U.S. media report saying a deal had been reached on his release. The lira stood at 5.9 against the U.S. currency at 0520 GMT, unchanged from its close on Thursday when it gained 3 percent on expectations that pastor Andrew Brunson will be returned to the United States after Friday's court hearing. The case of Brunson, an evangelical Christian pastor from North Carolina, is among sources of tension between the NATO allies and has been a factor in a 40 percent slide in the lira's value this year.

  • Reuters3 months ago

    Turkish lira firms against dollar ahead of U.S. pastor hearing

    The Turkish lira firmed against the dollar on Thursday, a day ahead of a hearing in the Turkish trial of a U.S. pastor which has strained relations between the two countries, with one U.S. media report saying a deal had been reached on his release. The trial of Andrew Brunson, an evangelical Christian pastor from North Carolina, is among various sources of tension between the NATO allies and has been one of the factors in a 40 percent slide in the lira's value this year. NBC News reported that the White House expected Brunson to be released by Turkey and returned to the United States in the coming days, according to two senior administration officials and another person briefed on the matter.

  • Reuters3 months ago

    EMERGING MARKETS-Turkish lira dips as inflation soars, broader emerging FX sluggish

    Soaring inflation hammered Turkish bonds and the lira on Wednesday and India's rupee hit a fresh record low as high oil prices and a solid dollar kept the pressure on emerging markets. The lira was firmly ...