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USDTRY US Dollar Turkey New Lira

37.98994
0.0083 (0.02%)
Last Updated: 02:28:49
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
  0.0083 0.02% 37.98994 37.94765 38.03222 37.9987 37.9513 37.9809 0 02:28:49

Turkish Lira Falls To 4-week Low Against U.S. Dollar

21/09/2023 12:31pm

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US Dollar vs TRY (FX:USDTRY)
Forex Chart


From Mar 2023 to Mar 2025

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The Turkish Lira fell against the U.S. dollar in the New York session on Thursday, despite a 500 basis-point hike by the Turkish central bank.

Turkey's central bank raised the policy rate to 30 percent from 25 percent, citing rising inflation and fuel prices.

Inflation readings were above expectations in July and August, the bank said.

"As the strong course of domestic demand and the stickiness of services inflation persist, the increase in oil prices and the ongoing deterioration in inflation expectations pose additional upside risks to inflation."

The Turkish Lira touched 27.12 against the greenback, its lowest level since August 24, when it reached a record low.

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