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
  0.06087 0.84% 7.294 7.289 7.299 7.29579 7.20186 7.2356 0 08:03:37

Turkish Lira Drops To 1-1/2-year Low Against U.S. Dollar

16/03/2020 8:49am


US Dollar vs TRY (FX:USDTRY)
Forex Chart

From Feb 2020 to Aug 2020

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The Turkish Lira fell sharply against the U.S. dollar during the European session on Monday, as investors awaited a rate reduction by Turkey's central bank on Thursday.

The benchmark lending rate is expected to be reduced by 50 basis points to 10.25 percent.

Turkish Treasury and Finance Minister Berat Albayrak said that the government is set to announce financial and economic measures this week as the number of confirmed cases tripled to 18.

The Turkish Lira fell to a 1-1/2-year low of 6.4072 against the greenback from Friday's closing value of 6.3306. If the Lira falls further, it is likely to test downside target around the 6.7 region.

1 Year US Dollar vs TRY Chart

1 Year US Dollar vs TRY Chart

1 Month US Dollar vs TRY Chart

1 Month US Dollar vs TRY Chart
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