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| Name | Symbol | Market | Type |
|---|---|---|---|
| US Dollar Turkey New Lira | FX:USDTRY | Forex | Exchange Rate |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.06 | 0.18% | 32.488 | 32.483 | 32.493 | 32.5094 | 32.4154 | 32.4416 | 0 | 14:44:25 |
From Apr 2019 to Apr 2024
The Turkish Lira erased early losses against the U.S. dollar and climbed back in European trading on Tuesday, even as the Turkish central bank slashed its key lending rate by a quarter point to 8.50 percent.
The Monetary Policy Committee of the Turkish central bank lowered the Marginal Funding Rate by 25 basis points to 8.50 percent. This was the sixth consecutive reduction in rate.
The bank had reduced the funding rate by 25 basis points in March, 50 basis points in April, May and June, and another quarter point in July.
The overnight borrowing rate was left unchanged at 7.25 percent and the one-week repo rate at 7.50 percent. The outcome of the meeting came in line with expectations.
The Lira climbed to 2.9296 per greenback, off its early low of 2.9436. If the Lira extends rise, it may find resistance around the 2.88 mark.
1 Year US Dollar vs TRY Chart |
1 Month US Dollar vs TRY Chart |
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