On 30 December, the Turkish lira (TRY) reached 1.89 per USD, trading 3.0% lower than the 1.83 TRY per USD recorded on the last day of November. The figure represents the lowest end-of-year level since 1998. On a year-on-year basis, the lira weakened 22.3% against the U.S. dollar in 2011, making it one of the worst performers in global currency markets. The Central Bank continues to hold foreign exchange selling auctions in order to support the currency and provide liquidity to the banking sector, having sold over USD 12 billion since it started the programme in August 2011. The Bank's governor, Erdem Basci, recently stated that monetary authorities will support an appreciation of the currency this year, although their main priority will continue to be to maintain inflation at low, stable levels. Following these remarks, the lira has strengthened somewhat recently, reaching 1.87 TRY per USD by 16 January.
Turkey Exchange Rate
Turkish Lira one of worst performers in 2011
December 31, 2011
Looking for forecasts related to Exchange Rate in Turkey? Download a sample report now.
Turkey Economic News
October 13, 2016
The current account balance recorded a USD 1.8 billion deficit in August (July: USD 2.7 billion deficit).
October 10, 2016
In August, industrial production expanded a calendar-adjusted 2.2% compared to the same month last year.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI), produced by the Istanbul Chamber of Industry (ICI) and IHS Markit, increased slightly to 48.3 in September from August’s 47.0, which had marked a multi-year low.
October 3, 2016
In September, consumer prices increased 0.18% over the previous month.
September 26, 2016
The Real Sector Confidence Index published by the Central Bank increased from August’s 103.6 to 106.5 in September.