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USD/TRY

In January of 2005, a new version of the Turkish Lira was issued after the previous Lira's value fell so dramatically that the conversion was $1 to 1.5 million TRY. As the economy relies on foreign cash looking to earn short term profits on higher interest rates, any global headwinds and the subsequent risk off environment can lead to massive depreciations of the Lira. Although the nation wishes to join the Euro-Zone, political conditions in Turkey and economic issues in the EU continue to delay the process.

USD/TRY Rate

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Weekly US Dollar and Turkish Lira Trading Forecast

Symbol Forecast Outlook

US Dollar and Turkish Lira News

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Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Dec 17
13:30
USD Consumer Price Index Ex Food & Energy (YoY) (NOV) 1.7% 1.8% 1.8%
13:30
USD Consumer Price Index (YoY) (NOV) 1.3% 1.4% 1.7%
19:00
USD Fed Summary of Economic Projections
19:00
USD Federal Open Market Committee Rate Decision (DEC 17) 0.25% 0.25% 0.25%
19:30
USD Fed Chair Yellen Holds News Conference Post FOMC Release