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USDTRY US Dollar Turkey New Lira

32.3537
0.00 (0.00%)
05 May 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 32.3537 32.3517 32.3557 32.3537 32.3537 0 01:00:00

Turkish Lira Drops To 5-1/2-month Low Against U.S. Dollar

07/06/2022 9:34am

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US Dollar vs TRY (FX:USDTRY)
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The Turkish Lira depreciated against the U.S. dollar during the European session on Tuesday, as the nation's President Recep Tayyip Erdogan promised more rate cuts despite high inflation.

Erdogan said on Monday that the government would continue cutting the rates and that higher borrowing costs would only make "the rich richer and the poor poorer."

The Turkish Lira fell to 16.76 against the greenback, its lowest level since December 2021. The currency is seen finding downside target around the 18.00 level.

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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