TRY=X - USD/TRY

CCY - CCY Delayed Price. Currency in TRY
3.8462
+0.0001 (+0.0026%)
As of 11:55PM GMT. Market open.
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Previous Close3.846
Open3.846
Bid3.846
Day's Range3.844 - 3.849
52 Week Range3.3892 - 3.9808
Ask3.848
  • Reuters5 days ago

    EMERGING MARKETS-Turkish lira, bank stocks set for weekly gain

    Emerging stocks bounced on Friday, thanks to robust Chinese data and higher tech shares while the Turkish lira and shares headed for big weekly gains as some of the risks to the country's banks appeared to recede. A firmer dollar after the resolution of the U.S. debt ceiling issue and an upcoming Federal Reserve rate rise kept most emerging currencies flat to weaker on the day, with many investors on the sidelines before U.S. jobs data that could determine the tone of the Fed's message next week. The lira was flat but has risen two straight weeks, soothed by expectations of a big rate rise on Dec. 14, pledges of government support for banks and developments in the U.S. trial of an executive of a Turkish bank.

  • Reuters12 days ago

    EMERGING MARKETS-Turkish lira, banks in fresh selloff on US trial fears

    Turkish lira and bank stocks fell on Friday, extending losses and lagging other emerging markets after U.S. trial testimony implicated President Tayyip Erdogan in a plan to help Iran evade sanctions. A pullback in the dollar along with generally buoyant factory data across the developing world did not lift emerging market assets much, with MSCI's emergng equity index down a quarter percent to two-week lows. Markets were pressured by PMI data showing Chinese manufacturing growing at the slowest pace in five months as well, while MSCI's index of emerging technology stocks is set for its biggest lossmaking week in a year, down 6.4 percent .

  • The Turkish lira is setting all-time lows as Erdogan picks another fight with the central bank
    Quartz21 days ago

    The Turkish lira is setting all-time lows as Erdogan picks another fight with the central bank

    It’s a battle that neither side is destined to win. Last week, Turkish president Recep Tayyip Erdogan picked another fight with the country’s central bank, spooking investors already worried about the institution’s independence. Erdogan said on Nov. 17 that the bank’s officials were on the “wrong path” by raising interest rates to battle inflation. Turkey’s…

  • Reuters21 days ago

    GLOBAL MARKETS-World stocks steady despite German worries, Turkish lira hits all-time low

    World stocks rose on Tuesday, recovering losses after the collapse of German coalition talks -- and Chancellor Angela Merkel's signal that new elections may follow -- had earlier weighed on markets. The MSCI World index was up 0.2 percent at 1230 GMT and similar rises for S&P 500 and Dow Jones futures indicated U.S. equities were set to open higher. "Financial markets did not really react too much," said Paul Donovan, chief economist at UBS Wealth Management, adding that a snap election is not the most likely option because it would be a lengthy process.

  • Reuters28 days ago

    EMERGING MARKETS-Turkish lira near record lows, emerging stocks at two-week low

    The Turkish lira hovered near record lows on Wednesday and emerging market equities fell to two-week lows, tracking developed markets after falling oil prices shook enthusiasm for energy stocks. The Russian ...

  • MarketWatchlast month

    Dollar could rally another 16% vs. Turkish lira, says Nomura

    The Turkish lira has had a bad couple of weeks, with the dollar and the euro rallying to new highs against it on the back of high inflation and political uncertainty.

  • MarketWatchlast month

    Turkish lira faces more pain as central bank braces for inflation pickup

    The U.S. dollar continues to rise versus the Turkish lira, adding to its gain after Turkey’s central bank warns of a potential rise in inflation before year-end.

  • Reuters2 months ago

    With high inflation, Turkish lira lacks yield buffer

    Recent declines in inflation are providing emerging markets with a substantial yield buffer against volatility caused by domestic politics or rising yields in the West. The one major exception is Turkey. Turkey's lira fell this week after a visa spat erupted with the United States, and its bond yields spiked to their highest since 2009 of around 11.4 percent, according to JPMorgan's GBI-EM index of emerging debt.

  • Reuters2 months ago

    GRAPHIC-With high inflation, Turkish lira lacks yield buffer

    Recent declines in inflation are providing emerging markets with a substantial yield buffer against volatility caused by domestic politics or rising yields in the West. The one major exception is Turkey. Turkey's lira fell this week after a visa spat erupted with the United States, and its bond yields spiked to their highest since 2009 of around 11.4 percent, according to JPMorgan's GBI-EM index of emerging debt.

  • MarketWatch2 months ago

    Turkish lira falls against dollar on diplomatic row, while pound stabilizes

    The U.S. dollar shot up to its highest level since April against the Turkish lira on Monday, as a diplomatic disagreement between the two NATO allies weighed on the Turkish currency.

  • Dollar Dips as Sterling Rebounds, Turkish Lira under Pressure
    Investing.com2 months ago

    Dollar Dips as Sterling Rebounds, Turkish Lira under Pressure

    Investing.com - The dollar edged lower against a basket of the other major currencies on Monday as the pound rebounded after last week’s slump and the Turkish lira was pressured lower by a simmering diplomatic crisis between the U.S. and Turkey.

  • Turkish Lira off the Lows, Remains under Pressure
    Investing.com2 months ago

    Turkish Lira off the Lows, Remains under Pressure

    Investing.com - The Turkish lira remained sharply lower against the U.S. dollar on Monday but was off the weakest levels of the session as a brewing diplomatic crisis between the U.S. and Turkey escalated.

  • Reuters2 months ago

    FOREX-Dollar near 10-week highs; Turkish lira tumbles

    The Turkish lira slid amid fresh signs of fraying diplomatic relations between Turkey and the United States, after the U.S. mission in Turkey and subsequently the Turkish mission in Washington mutually scaled back visa services after a U.S. consulate employee was arrested in Turkey.

  • Reuters3 months ago

    EMERGING MARKETS-Turkish lira hit by inflation jump, lags steadier emerging markets

    Turkey's lira fell on Tuesday as data showed inflation back in double figures, underperforming broader emerging markets that benefited from dollar weakness and absence of more rhetoric from North Korea. ...

  • Reuters6 months ago

    Turkish lira weakens as troop deployment seen fuelling Qatar tension

    Turkey's lira weakened on Wednesday after officials said parliament would fast-track legislation allowing its troops to be deployed to a Turkish military base in Qatar, fuelling concerns about an escalation of the dispute in the Gulf. The lira eased 0.73 percent to 3.5400 against the dollar after officials from the ruling AK Party and the nationalist opposition told Reuters about the planned legislative step in support of Qatar. Saudi Arabia, Egypt, the United Arab Emirates (UAE) and Bahrain severed relations with Qatar and closed their airspace to commercial flights on Monday, charging it with financing militant groups.

  • Reuters8 months ago

    EMERGING MARKETS-Turkish lira, bonds firm after Erdogan victory

    The Turkish lira firmed and sovereign dollar bond prices rose on Tuesday after President Tayyip Erdogan's victory in a referendum that handed him sweeping powers, while emerging equities fell as geopolitical ...

  • Reuters9 months ago

    EMERGING MARKETS-Dollar, politics, push Turkish lira 1 percent lower

    The Turkish lira fell more than 1 percent on Thursday, underperforming emerging market peers on back of dollar strength, Syria-related security worries and fears of more discord between the government ...

  • Reuters10 months ago

    EMERGING MARKETS-Turkish lira, Mongolian bonds lead emerging market gains

    Turkey's lira hit the strongest level in more than six weeks against the dollar and Mongolian bonds soared after a $5.5 billion IMF-led bailout for the country, outperforming broader emerging markets. ...

  • Reuters10 months ago

    EMERGING MARKETS-Turkish lira, Mexican peso at multi-week highs as dollar fades post-Fed

    The Turkish lira and the Mexican peso surged to multi-week highs on Thursday, leading emerging markets which took heart from a weaker dollar after the U.S. Federal Reserve gave no hint of accelerating ...

  • Reuters10 months ago

    GRAPHIC-Turkish lira's multi-year fall may not be over yet

    The currency fell 18 percent last year against the dollar, and in real effective exchange rate (REER) terms - adjusted for inflation and against a range of currencies of its main trade partners - it weakened almost 10 percent. Only the Egyptian pound, devalued last year, and the Mexican peso, pummelled by U.S. President Donald Trump's trade threats, look cheaper on an REER basis versus historic averages. "On our broad overview of emerging market FX, Argentina and Mexico are cheaper, but Turkey is right towards the cheap end of the range, so the answer to the question (on whether it is undervalued) is 'yes'," said Robert Minikin, head of Asia FX strategy at Standard Chartered.

  • Reuters11 months ago

    Cutting Turkish lira supply can achieve only so much, Erdogan aide says

    Only so much can be done by limiting the availability of Turkey's lira, an adviser to President Tayyip Erdogan said on Tuesday, calling for urgent structural reforms after the central bank's interest rate decision. "Reform, reform, reform," Bulent Gedikli said on Twitter. Turkey's central bank hiked its overnight lending rate but left its main policy rate on hold, disappointing investors hoping for a sharper increase to stem the Turkish lira's slide.

  • Reuters11 months ago

    EMERGING MARKETS-Dollar weakness lends Turkish lira support, EM stocks rise

    Dollar weakness and Turkish central bank liquidity tightening provided some support to the Turkish lira on Tuesday, whilst a move lower in U.S. treasury yields improved risk appetite, boosting emerging equities. Some of the most beaten-down emerging market currencies, such as the lira and the Mexican peso, made some decent gains in early trading after the dollar weakened 0.2 percent against a basket of currencies. Traders said comments by U.S. President-elect Donald Trump that the dollar was too strong had provoked a broad re-think of the dollar strength that has dominated currency markets in recent weeks.

  • Reuters11 months ago

    EMERGING MARKETS-Turkish lira set for worst week in 8 months

    The Turkish lira fell 1.5 percent on Friday and was set for its biggest weekly fall since May, as weak Chinese export data dampened appetite for emerging stocks in Asian manufacturing economies. The lira ...