USD/TRY - US Dollar Turkish Lira

13.4206
+0.0631(+0.47%)
  • Prev. Close:
    13.3575
  • Bid/Ask:
    13.4143/13.4268
  • Day's Range:
    13.3467 - 13.4635
  • Type:Currency
  • Group:Exotic
  • Base:US Dollar
  • Second:Turkish Lira

USD/TRY Overview

Prev. Close
13.3575
Bid
13.4143
Day's Range
13.3467-13.4635
Open
13.53
Ask
13.4268
52 wk Range
6.8882-18.3674
1-Year Change
80.31%
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Type
5 Min
15 Min
Hourly
Daily
Monthly
Moving AveragesStrong BuyStrong BuyNeutralBuyStrong Buy
Technical IndicatorsStrong BuyStrong BuyStrong BuySellStrong Buy
SummaryStrong BuyStrong BuyBuyNeutralStrong Buy
Pattern
Timeframe
Reliability
Candles Ago
Candle Time
Completed Patterns
Doji Star Bearish1M
1Dec 21
Engulfing Bearish1W
4Dec 19, 2021
Doji Star Bullish5H
4Jan 20, 2022 07:00AM
Three Outside Down Bearish1M
5Aug 21
Falling Three Methods5H
5Jan 20, 2022 02:00AM

USD/TRY Quotes

Exchange
Last
Bid
Ask
Volume
Change %
Currency
Time
Real-time FX
13.420613.414313.426882,943+0.47%TRY
13.500.000.0000.00%TRY

Central Banks

Current Rate0.00%-0.25%
ChairmanJerome H. Powell
Current Rate14.00%
ChairmanŞahap Kavcıoğlu
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Currency Explorer

  • Get ready for sudden strike on a Friday afternoon after Turkish Market close.  Urgot need to inject fresh fear into the shorties.  It's due for a sudden strike and watch this pair goes down faster than Bitcoin!  USD/TRY should be at around 7-8 for fundamental reasons.
    15
    • Putting aside that you are a troll. I will tell you how first "strike" worked. It is due to a special timeframe where world was on holiday for Christmas. So markets was shallow and even a few billion dollars was enough to manipulate the rates. And with Erdogan's statement people stopped buying and CB kept selling = decrease in rate. And because of holiday and manipulation statements it worked for some part. Now, lets say if you sell 50B USD (which Turkey don't have), even it drop to 10 range, on Monday when markets will open people will just buy cheap USD and it willl just bounce back to this level again. Also it may trigger panic and it may even pass this levels. So that is not something that will work again. If so all poor countries would do the same stuff and make their currencies 1=1 haha. Anyway it is true for psyhological effect they may reduce it to 13.20 levels but thats it. And that will not stay there for so long...
      1
    • Exporter GuyI have a question, what would be your comment for some foreign media keep saying that there will be huge increase in interest rates in Q1. I’m no troll, looking for information. Thank you
      0
    • Ser HanLike I said before on some of my comments, I am neither an economisy, nor a manipulator that seeks for "bitcoin-like" 1 day being rich agenda. I am a manufacturer and exporter with engineering background so my economy knowledge is based on my Economics courses I took in university and my research capabilities I trust that is objective to consider all data. My aim is taking the "right" position for the rate to not lose money. Telling this aside here is my guess: I think political interest rates will be kept same for first quarter and they will then start to reduce it to 12 or so. I think like this because of observations and data. Turkey economy is already out of any logical patterns, so I doubt any economy major would give more reasonable thought than me. It is all about following news, plans and political agenda of the country and guessing. Despite political interest rates, banking system is already applying huge interest rates here. Well above %20. All I can think of is that currently inflation is so high compared to what is announced as we all experience. In manufacturing it is above %100, which will trigger more high numbers for consumers aswell in the medium run. So Best investment in this situation would going into commodity. Not investing anywhere else. Because it is a gamble now :)
      0
  • Resistance :13.65 Support :13.15
    1
    • The interest rates for $-based bonds of the Turkish state should be paid close consideration rather than the illogical and artificial rate dictated to the CB. Rates for two year bonds are ca. 6% and for 10 year bonds around 7.77%. I wonder what will happen when those rates pass 10% as Fed becomes more hawkish. What is the PLAN, if any, of the CB? Reserves are in negative territory, they keep burning the LOANS and possibly very soon the GOLD of the people.
      3
      • Okay. My expectations are matched.1- Interest rate is kept same. (Checked(2- USDTRY is waving around 13.30-13.40 (Checked)3- It will go back to 13.50 area and stabilize. (Waiting):)
        3
        • Emre YazginIf we will talk on economic policies and reserves and other manufacturing data, you could be right. But we both know that there will be an election that "should not be lost", and even if that means burning reserves to keep this rate, they will do it. Remember the times when Berat was in power and burnt hundreds of billions of USD. Considering we have an election ahead, they will just do it if it moves dramatically. I never voted for the current goverment but these are the realities that we need to consider. Our emotions or excitement won't change anything other than making us do bad estimations = lose money. After the election we may see some higher numbers if they let it go, but current situation shows that it will not reach there, even if that means backdoor reserve burning like they did before. Well these are all estimations and expectations but I believe I have a good reason :) By the way I neither trade USDTRY nor supporter of current administration. I am just an exporter trying to act carefully on my calculations and trades.
          2
        • Exporter Guy You have some valid points. I do agree that elections and usd try at 20 or more does not go well together for the current admin. I think we both could be right. Let me explain. At some point dollar WILL be 20 just like I think, and at some point they will (again) make it go down with some sort of instrument they invented for election.
          3
        • Emre Yazgin That's right. The song is the same old chestnut (playbook) through history. 1. Create the problem - Become the solution. 2 "I alone can fix it."
          2
      • 12.8 target next week should hit
        7
        • I would LOVE that...but I don't see why it will break 32, or 20 or 13.00
          2
        • Emre Yazginall technicals that should work under rate hold status
          0
      • No rate cut, not a surprise, but this pair gonna hit 12.8 in no time
        16
        • Would have been mad to cut after the struggle to get this little ( stability)
          1
        • 12,8 in to time....I find that hard to believe. Even a pass in rate cut doesn't have any effect...Its 13.42....so where we started
          3
        • Could you explain how, by what force, assuming more hawkish FED policy?
          0
      • You know when something is seriously ill and about to die, it can't move, it can't react..
        5
        • It was a surprising decision, No rate cut. Then this pair bounced back to 13.40 level, a second surprise.
          2
          • No surprise , they did mention end of cuts at the last meeting ,, even erdo talked differently this time
            1
          • Dwain Hobbswhat the minister or tcb head says has no importance at all. They have no autonomy or authority. The only boss is the big guy.
            1
        • Nothing changed 14 on the way
          8
          • Unchanged
            0
            • Interest rate will be betwwen 12-14
              2
              • Cb will hold make a hawkish statement 12.8 target after
                5
                • 0
                • Emre SH :))) Ok now Im sure too :))
                  0
                • Emre Yazginfinally a small breather for economy
                  1
              • You need to understand fellas if the central bank has a covert mandate imposed upon them by parties you might fathom they're gonna do their darnest to intervene whenever the market is thin which usually coincides w/the closing time of the local banks. W/each rate cut there'll be pressure on the TRY to lose value in this inflationary environment and the closer the rate cut approaches the more the central bank will intervene.
                2
                • The more It goes up the more worth less It becomes
                  0
                  • Please, Please tell me of how you came upon this most profound, prolific and majestic knowledge my wise sage soothsayer, seeker of knowledge and kindred of the Gods?
                    1
                  • urgot will annex the shorties
                    0
                • I think I was consistent with my expectation of 13-14 range for Q1-2022 for a few months now... What I think is : Tomorrow the interest rate will be kept same.I expect USDTRY to be around 13.30-13.40 area in the morning and then stabilizes around 13.50 area. This will keep staying same if there are no giant news before FED rate hikes. We will see.
                  3
                  • Q1 ends after 10 weeks , it can explode to 15 next week and 17 in 10 weeks time
                    3
                  • Dwain HobbsNot so possible anymore Such big movements are not likely. I believe we may see 16 by end of the year but thats it. Also it will be a rise in time, not like rocket jump that happened like the last time. I am not an economy expert but since the interventions, when they pushed down USDTRY to 11 area I was constantly foreseeing 13-14 range stabilization with 13.5 areas being more likely, and it is what we have. Everybody was expecting giant rocket jumps on the years first inflation data announcement but it still did not move aggresively. I believe same will apply any news that are not utopia like President is yelling "kill the interest now !" which I doubt he will do before 2023 election. He wants a stabilized currency and will do everything for it and you know what, he can do it if it is what he wants to :)
                    1
                  • Exporter Guy I have seen many like you in this forum since 4 years. "Not possible it can't pass this" "not possible it cant pass that"... My friend, end of the year dollar is 20, write this down somewhere. Do you even live in Turkey? Do you know that prices are being effectively calculated with 1 dollar = 18 or in some cases 20-25 ?? Do you know the borrowing interest? Do you know what actual interest rate is (given interest minus inflation) ? Inflation was priced from 11 to 13.5, what do you mean it didnt change??? They are blocking the river right now with some instruments they invented or repurposed from ancient times, but remember thi you can't block the river forever, when it does start flowing nothing can stop it.
                    1
                • Preparing for big move. Initial TP 12.8
                  9
                  • What’s happening
                    1
                    • What’s happening
                      1
                      • I think tomorrow there might be a surprise rate hike. you can ask why? because overnight borrowing rate is increased to 15 percent, and most importantly bank shares increased in the stock market. considering also what happened yesterday, I believe this information is leaked and there will be good profits for the ones involved in it, by that I mean the government wealth fund and the rich guys supporting the current government. Long story short, if my thesis is correct it could drop significantly and suddenly for a few days starting after 2 pm tomorrow. remember that central bank just received 5 billion dollars from uae
                        3
                        • Could be yeah. Maybe Temp. By no means Im an expert, but imo the rate gotta be around 10~ so they can claim that they fullfilled their economic outlook they promised for 2022.
                          0
                        • Could be yeah. Maybe Temp. By no means Im an expert, but imo the rate gotta be around 10~ so they can claim that they fullfilled their economic outlook they promised for 2022.
                          0
                        • Could be yeah. Maybe Temp. By no means Im an expert, but imo the rate gotta be around 10~ so they can claim that they fullfilled their economic outlook they promised for 2022.
                          0
                      • I have researched this scheme/guarantee and it is still not locked down. 1. What I saw was that this scheme/guarantee has to be passed into legislation before any type of refund can be made by the government if the Lira depreciates. 2. If passed, the banks would refund the money difference of any Lira depreciation from time of deposit to maturity PLUS you still get your interest. I doubt you will make any interest on any portion of the depreciation refund, but this is just my opinion as there isn't any information on this. 3. The interest rate is fixed at the CBRT rate of 14% as of now but not clear if the rate is locked/blocked from a future rate cut or increase. 4. The banks would not be refunded by cash from the government but by being issued some type of government bonds of which I can find no information on these bonds. 5. I did not find any information as to the number of accounts you could have like having 1 savings account at 5 different banks or how many to a family, husband/wife.
                        2
                        • If you can get 14% pa PLUS any Lira Depreciation, that seems an extremely rewarding preposition.  I fail to see how this cannot be extremely attractive.  Once the legislation hurdles are sorted.
                          6
                        • That's not how it works. Say if you deposit 100 lira when the USD/TRY rate is 10 and after a year the rate is 15. You've made 14 lira in interest, plus the CBRT will pay you an additional 36 lira for the lira depreciation protection. At the end of the year you get back 150 lira (Your 10 dollars back).There is absolutely no point to depositing money into this imho. If the USD/TRY rate remains stable, then your TL is getting crushed under inflation, if the lira keeps depreciating, then you only get your dollars back. Utterly pointless when you can deposit your USD and earn interest on your USD.
                          1
                        • capitalist rebelyou either get crushed by Turkish inflation-14 basis points, which is 22% at the moment according to the state statistics agency, or you get crushed by U.S. inflation, which is around 7% at the moment. Thanks, but I’ll take my chances with the market fluctuations :-)
                          2
                      • Erdogan backing off on interest rate cuts.The central bank has cut its policy interest rate by 500 basis points to 14% since September and put easing on pause until the end of March to assess the outcome of its monetary stimulus. The central bank rate-setting meeting is scheduled for Jan. 20, and Erdogan’s remarks appear to be confirming that borrowing costs will be kept on hold.
                        5
                        • Erdo speak with fork tongue.
                          1
                        • JP JP So, after the rate decision on 20th, where do you see this pair heading?
                          0
                        • short term take your guess, long term, that is in the next 3-6moths the lira is falling.
                          2
                      • Folks, if anyone can elighten us on the new scheme,,, assuming someone converts dollars to TL in this new account scheme,, keeps it for 3 months,, the interest or profit in TL would be say around 3%,,, how much will the lira have to weaken before the scheme protection is activated ? is it 3% and higher ? is it calculated from actual rate of coversion or, from a certain threshold for usdtry (e.g. 14 ) ,, And when will these payments / refunds be made (after 3 months or 1 year ),,
                        1
                        • /yawni like the part that declares "i have some friends working there..." so rest of what i say is credible.
                          0
                        • Not sure about the "Lord Roths" part but "child" part is pretty convincing alright.
                          0
                        • Pen Penthanks Pen , all clear now
                          0
                      • This is golden band. Usually bigger buyers buy at this stage for the mid-long term. critical range to buy at short term is around 13.0960-13.12400. short term buy range is 13.6800-13.7600. +trend making point is 14.1400. -trend point is 12.9600. - I dont think - trend will be last long.
                        2
                        • New base was 8-8.5 for a short period of time and now its 13-13.5 nothing changed. As stated before until the current government leave the office TRY will never gain value and stabilize. Trash administration, trash time and trash life...
                          9
                          • So who is the prophet for Turkey to make 1 try 1usd?
                            3
                        • Necholas Chan!! Where are you??
                          0
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