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USD/TRY - US Dollar Turkish Lira

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44.7575 +0.0192    +0.04%
- Real-time Data.
Type:  Currency
Group:  Exotic
Base:  US Dollar
Second:  Turkish Lira
  • Prev. Close: 44.7383
  • Bid/Ask: 44.7328 / 44.7823
  • Day's Range: 44.7326 - 44.7576
USD/TRY 44.7575 +0.0192 +0.04%

USD/TRY User Rankings

 
US Dollar Turkish Lira user rankings, as ranked by members according to the performance of their sentiments.
RankUsernameTotalClosedWinningWin %Chg. %
1Fuat Bezug17161381.25+241%
2Tursunali Obidjonov1010770+197.67%
3Fares Haj Khalil555100+195.94%
4Murat KAYA77685.71+188.87%
5Salih Beger1515853.33+186.2%
6Oik Unique88787.5+184.75%
7bekir Yetis1212866.67+184.64%
8Muhammet Emeç99888.89+181.87%
9Murat Sağıt99777.78+181.09%
10Sarı Sarı99777.78+179.22%
11Osman Doğanay666100+178.46%
12ceyda var555100+177.83%
13sercan TUNALI66583.33+177.6%
14Tayyip Arslantürk1010880+177.31%
15Can Okay555100+176.12%
16Ayhan Orhan19191263.16+171.38%
17adnan mahir sarıoğlu555100+170.03%
18Caner Orkun666100+167.8%
19أبو خالد الحموي666100+165.09%
20ömer uyar21211152.38+164.21%
21ugur yesilyaprak1010990+162.71%
22Yasin Kosanlar87571.43+162.36%
23Fikret Sivrikaya99888.89+162.13%
241270011111763.64+161.05%
25محمد محمد1717952.94+160.79%
26mert karayılmaz17161062.5+160.02%
27zoro zodiac77685.71+159.11%
28Abdurrahman Durgun1010880+159.08%
29Süleyman Ak1716956.25+158.88%
30Oğuz biçer1211763.64+158.74%
31Mahmut Razez777100+158.4%
32hüseyin Karabulut55480+157.84%
3388675+157.8%
34Tufan Yolcu1010880+156.95%
35Cuma Parlak444100+156.11%
36Mehmet Çoban77685.71+156.04%
37Sinan Güzel444100+155.95%
38Hamdi Muslugil77571.43+155.27%
39Ah Koc555100+154.86%
40Roman Ero555100+154.07%
41Onur Sayan1212541.67+153.92%
42Tarek Sy14141071.43+153.65%
43Gökhan Çelik55480+153.55%
44Şahin Efe66583.33+153.43%
45Mohamad Najjar88675+153.33%
46Batuhan Oral1413969.23+152.62%
47musty musty666100+152.36%
48naif co99777.78+152.28%
49Can Conkbayır77571.43+151.98%
50Selocan Unal88675+151.72%

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USD/TRY Discussions

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Hani Olaa
Hani Olaa Mar 31, 2026 10:45AM ET
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Osmaaaaaan
Jeff Bailey
JeffB Mar 19, 2026 5:11PM ET
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USD/TRY 44.248
Juxta Posed
Juxta Mar 13, 2026 4:51AM ET
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Asking Dwayne for advise on the Lira, that's a joke. Carry trade in "this", as in "today's" TL volatile market? Another joke. That's two bullets aimed at your head at the same time. Compare that to "picking up pennies in front of a steamroller." In the context of the Turkish Lira in March 2026, the steamroller is currently accelerating. 240K TL just disappeared, poof, gone, from just one Para Piyasası fund account in four days. This inflated TL rate will hang for the weekend and you can bet it will not ease on Monday. The writing is on the wall. Here is the "real" deep-dive analysis based on your question Stefan: As of March 13, 2026, the Turkish Lira is navigating a high-stakes "holding pattern" defined by geopolitical shocks, a critical legal deadline for currency controls, and a new era of crypto taxation. 1. Monetary Policy & Inflation: The "Real Rate" Trap The CBRT Stance: On March 12, 2026, the Central Bank (CBRT) kept the policy rate unchanged at 37.00%. This was a pivotal shift; the bank abandoned its previous "easing bias" (rate-cutting path) due to rising energy costs and geopolitical instability. The "Real" Inflation Reality: February 2026 inflation hit 31.53%. While the "nominal" rate (37%) is higher than inflation, giving a +5.47% real interest rate, market confidence is shaky. The CBRT just hiked its end-2026 inflation forecast to 15%–21%, signaling that they expect price pressures to be stickier than previously hoped. The "Real" Takeaway Stefan: The Lira has a thin cushion. If inflation spikes toward 35% due to oil prices (currently over $100/bbl), that "real rate" vanishes, likely triggering a sell-off. If you are not ready for that, you lose "Biggly". 2. Carry Trade & DXY: Global Winds Are Shifting Investors who borrowed in USD to buy TRY are seeing their profits eaten by a strengthening Dollar and the rapid de-valuation of the TRY. If you don't make the profits, you can't pay back the loan. That's the bullet to the head on both sides at once I mentioned earlier. DXY (Dollar Index): The DXY is currently showing a "bullish gap," trading near 99.75. Tensions in the Middle East and strong US labor data have turned the Dollar into a global safe haven. Impact: A strong Dollar usually forces Emerging Market currencies like the Lira to devalue faster to keep exports competitive and prevent capital flight. 3. Devaluation Velocity: The Next 6–12 Months Trend: The Lira "had" been in a simi "controlled slide." However, the CBRT reportedly burned through $22 billion in reserves in just one week recently to defend this level. Projection: Analysts expect the Lira to test 48.00–50.00 by year-end if oil stays high. That expectation "was" based on "moderate" velocity, but the high cost of intervention makes a "sudden adjustment" (a sharp 5-10% drop in a week) a significant risk. 4. Capital Controls & The "July 15" Deadline This is the most critical factor for your ability to move assets. The Legal Vacuum: In late 2025, the Constitutional Court annulled the President’s power to unilaterally impose currency controls (Law No. 1567). The Deadline: Parliament has until July 15, 2026, to pass a new law. The Risk: Between now and July, there is a "legal gray zone." If the government feels capital flight is accelerating, they may rush a very restrictive new law through Parliament before July to "re-limit" foreign exchange outflows. Crypto Tax: A new bill was presented in early March this year proposing a 10% withholding tax on crypto gains and a 0.03% transaction fee. This signals that the "crypto exit" is being actively fenced in by the tax authorities. 5. Actionable Risk Triage: Red Flags to Watch If you are holding Lira, you should consider converting to USD, Gold, or Hard Assets if you see any of the following Trigger Events: Red Flags you should be paying close attention to: DXY breaks 102.00 Significance: Triggers a global exodus from emerging markets; TRY will be the first to fall. CBRT Reserves drop <$10B Significance: (Net of swaps) This means the "bullets" to defend the Lira are gone. New "Currency Law" in June: Watch for wording in the new Law 1567 replacement that limits "individual FX transfers." Oil stays >$110/bbl: Turkey’s energy import bill will become unsustainable, forcing a devaluation. The Turkish Lira was currently in a "managed decline". In markets, that is often the most dangerous phase for an individual holder because that "assumed" stability is artificial. It is being bought with expensive central bank reserves. The future sentiment and what you were really trying to ask about Stefan : The "Stability" Mirage: Don't mistake that past mirage of a "controlled de-valuation" movement for safety. The Central Bank is essentially "spending" to keep the Lira at 44. If they stop, or if their reserves hit a floor, the jump to 50+ could happen in a single week. The Regulatory Squeeze: The government is no longer just watching the Lira; they are actively building a "tax fence" around the exits. The move to tax crypto and Precious Metals (Special Consumption Tax on certain stones/metals) indicates they want to make it expensive for you to leave the Lira. The 2026 Trap: In April 2026, Turkey is launching the Precious Metals Tracking System (KMTS). TRY cash is dead. You will no longer legally be able to buy or sell gold with cash at a jeweler. It must be a bank transfer or card. Traceability: Every gram of gold will have a "digital footprint" (banderol). If you hold "untracked" gold from before 2026, you may face difficulty selling it into the formal market later. Market Sentiment: Professional traders have been treating the Lira as a "hot potato" for quite a while. They were happy to take the 37% interest. But now, but they have their fingers on the "sell" button. When the big money leaves, they leave all at once, usually leaving individual retail holders stuck in the slide. The Friendly "Bottom Line" for you Stefan: If you have a major life expense, a need for hard currency, or plans to move capital, treat May 2026 as your personal deadline. The combination of a stronger US Dollar (DXY) and the July 15 legislative deadline in Turkey creates a "perfect storm" for volatility in the second half of the year. Pay Attention: If you wait until everyone else is panicking at the bank or on the exchange apps in June, the "slippage" and fees will likely "COST YOU MORE" than any interest you earned. In short: It is better to be three months too early in converting than one day too late. The End.
Stefan Beck
Stefan Beck Mar 13, 2026 4:51AM ET
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thanks for your answer. Appreciate it! you say not so different to Dwain, but a more in detail analyze. what i dont understand exactly, when they just extend the laws what they have, what will happen in June? why you think all will change, or you just prepare for they change something big and want out the market before spiking up kill the interest wins?
Stefan Beck
Stefan Beck Mar 13, 2026 4:51AM ET
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what i dont understand is also the first part... you think usdtry will go up big over the weekend because of in 4 days 240K TL disappeared?
Juxta Posed
Juxta Mar 13, 2026 4:51AM ET
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Stefan - We are staring down two massive ‘black swan’ events: the war in Iran and a breakout in the Dollar Index (DXY). For the last four days, my fund account (averaging 36.68% for the week) has been absolutely wrecked despite the official 37% rate. I’ve held this account since 2024, and I’ve never seen a disconnect like this. Usually, when the TL is in a 'controlled devaluation,' the math works. You enter and exit with no fees except the profit tax. But the rules have changed. - We were warned in February when the CBRT held steady despite a spotty inflation report. Yesterday (March 12), they kept the official rate at 37%, but don't let that fool you. By suspending repo auctions, they’ve forced the market into the 40% overnight lending corridor. That’s a 300-basis-point 'stealth hike' designed to hide the panic and play a 'wait and see' game at our expense. - But the 'wait and see' is a total smoke screen. The Strait of Hormuz closure is the smoking gun. Those mines aren't going to clean themselves, and the message is clear. There is no relief coming for oil prices. Don't be fooled by the U.S. 'bogus play' with the strategic reserve release; they aren't going to run their own country to the brink to save the rest of the world. There is money to be made in this war, and they know it. And isn’t it what it is always about. THE BIG WARNING MESSAGE - With oil locked above $100 and the DXY sitting at 100.4, the cost-push inflation for Turkey is already baked in. The Lira cannot hold this line. Why take a chance with the TL right now? The writing is on the wall. One wrong move by the Central Bank and you don’t just lose—you get smoked. THE SECOND BIG WARNING MESSAGE - Since the CBRT didn't officially hike past 37% yesterday, the market is smelling blood. The 44.50 Ceiling is the immediate line of defense. If the Lira breaks this over the weekend or at Monday’s open, the 'stealth hike' to 40% has failed. We are now dealing with the 45.00 Psychological ‘Cliff’. If we hit 45.00, we are looking at a potential 2021-style freefall.
Stefan Beck
Stefan Beck Mar 13, 2026 4:51AM ET
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thanks for this. what you mean by 36,68% for the week? you get this 36,68% in one week as interest rates or what the number?
Stefan Beck
Stefan Beck Mar 13, 2026 4:51AM ET
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usdtry is around 44,2. you think it will open so much higher around 44,5 over weekend on monday? i did not see such a move since years over the Weekend.
Stefan Beck
Stefan Beck Feb 23, 2026 1:52PM ET
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hi Dwain how you think usdtry will trade when US-Iran war would start, push higher 1-2%?
Dwain Hobbs
Dwain Hobbs Feb 23, 2026 1:52PM ET
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Hi Stefan,, just saw yr message, this forum went quiet one forgot about it,,, as we've seen not much reaction unless Turkey gets directly involved in the war,,, the whole story of the lira is internal dynamics now,, dropping interest rates in the face of inflation ticking up will be a pressure point,, rising Oil prices will for sure add to to inflation and strain the current account and foreign reserves ( both which have been dropping lately ),, so even without an outside shock i think the pace of the devaluation will start to get faster (i.e. maybe 1.5% drop per month instead of 1%),, this will leave less room for the carry trade which may send traders exiting and that will even create larger devaluation pace,,, the flip side is if the war gets the fed to ease policy again, that will support the lira ( hard to see that in the face of rising inflation with higher oil prices ),,, so we await and see
Stefan Beck
Stefan Beck Feb 23, 2026 1:52PM ET
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thank you. yes , this forum here went quiet. how to contact you for a talk?
Dwain Hobbs
Dwain Hobbs Dec 30, 2025 10:50AM ET
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Yet another year with good returns for investors in Lira which started the year around 35 finishing around 43 with roughly 23% drop ( whilst interest rates generated an average of 35% income) making net returns of around 12% ,, (vs 15% in 2024 ) …
Stefan Beck
Stefan Beck Dec 30, 2025 10:50AM ET
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depends on strategy. there was a 10% move one day where a lot closed the trades because could go 50% move too ... but with risky buy and hold (what can have soe day big risk) you are correct,
Stefan Beck
Stefan Beck Dec 30, 2025 10:50AM ET
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soe=some
Dwain Hobbs
Dwain Hobbs Dec 30, 2025 10:50AM ET
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Stefan Beck if usd/try jumped just 5% on some news , then steadied, it will take around 4-5 months of carry trade profits to make up for the loss ( as lira expected to continue same path devaluation) ,, this is what i mean by risk ,,
Mohammed Rateel
Mohammed Rateel Dec 22, 2025 10:15AM ET
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60000
Murat Yıldırım
muratyildirim35 Dec 21, 2025 3:37AM ET
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It will hit 200 soon
Solomon Lalani
Solomon Oct 27, 2025 10:58AM ET
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Correcrion may finally be coming soon. Bearish!
Dwain Hobbs
Dwain Hobbs Oct 27, 2025 10:58AM ET
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Hey maybe you’re not following the lira close enough ,, it is not trading freely , rather it is on a controlled devaluation path by the central bank with the objective of keeping its drop slightly below inflation ( and bank interest levels) , such that savers and carry traders are able to make money ( and stay in liras ) ,,, any deviation from this plot will bring immense pressure on the lira again ,, political news also lead to sudden price jerks but central bank reserves are at good levels to intervene and restore order ,, going long the lira had been one of the best carry trades in the last 2 years ,, around 15% returns in 2024 and roughly 10% returns so far this year ,, now rates are dropping and inflation on the rise so risky bet
Investing Whore
Investing Whore Oct 27, 2025 10:58AM ET
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Soloman Kane :) Go Bearish please :)
Adam Gyurko
Adam Gyurko Sep 22, 2025 12:07PM ET
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This was exactly as Dwain wrote. But what they did with the lyra is still nonsense. I would include a monthly candlestick chart here if I could, but it wouldn't even let me attach my own chart. Nearly 400% increase since September 2021 (USDTRY), RSI between 88-98 since November 2021, without correction. There is no such thing in the world. This is neither technically nor fundamentally wrong. On top of that, the dollar is extremely weak. I have been a lira buyer for years, as I also short the US indices due to the completely extreme and baseless, common sense and reality-free increase. The lira could strengthen by at least 12% almost immediately, but otherwise 33% in the longer term, which would be normal. Even though there are problems in Turkey, there are huge problems in the USA too.
Ji Ll
Ji Ll Sep 22, 2025 12:07PM ET
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Reality free or not, an increase is an increase. One is supposed to follow the price, not go against it. On top of that, saying lira could appreciate 10% immediately shows what type of delusion you are in.. I don't think you should be trading at all.
 
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