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The USD/TRY exchange rate rose to 40.2832 on July 17, 2025, up 0.08% from the previous session. Over the past month, the Turkish Lira has weakened 2.26%, and is down by 21.70% over the last 12 months. Turkish Lira - values, historical data, forecasts and news - updated on July of 2025.
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The currency chart for Turkey shows historical data for the Turkish Liras per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Turkish Liras per USD. Depreciation implies that goods from Turkey...
As 2022 progressed, less Turkish lira could be bought with U.S. dollars than in previous years - decreasing by nearly five lira. By July 15, 2025, one U.S. dollar was worth approximately 40.23. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different than an annual measure at point in time, which reflects concrete values as of end of the year.
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Inflation Rate in Turkey decreased to 35.05 percent in June from 35.41 percent in May of 2025. This dataset provides the latest reported value for - Turkey Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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Key information about Turkey Exchange Rate against USD
Reaching nearly 20 Turkish lira per one single euri, the EUR/TRY exchange rate increased well into 2022. As of May 2, 2025, the exchange rate reached approximately 43.60 Turkish lira. The concrete, or point in time, measure shows the exchange rate as of the last day of each month, which is different from the standardized measure; calculation of average based on observations throughout the period in question.
In November 2024, the inflation rate in Turkey corresponded to **** percent. The monthly inflation rate in Turkey reached ***** percent in October 2022, the highest inflation rate recorded during the provided time interval. In June 2023, the year-on-year change in the Consumer Price Index (CPI) was recorded at ***** percent, the lowest since January 2022. Since the second half of 2019, Turkey’s inflation rate has consistently been in double digits, with inflation accelerating at the fastest rate in 2022. High production costs In Turkey, domestic producer price indices have been continuously rising, which has directly resulted in a price increase in all consumer goods and services. Accordingly, the Consumer Price Index (CPI) in all commodity groups increased extremely since 2022. In the same year, the food and non-alcoholic beverages category had one of the highest inflation rates in the CPI. This particularly affected Turkish consumers, as these products accounted for the highest share of household expenditure in 2023. Soaring food prices Since 2020, food prices have increased significantly around the world, and Turkey is no exception. Although inflation has started to slow down recently, food prices in Turkey continue to go up steadily, increasing by **** percent in November 2024 compared to the same month in the previous year. It is not surprising that food inflation has not simmered down, as the producer price index (PPI) of agricultural products followed a constant increasing trend in the country over the past few years.
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Key information about Turkey Real Effective Exchange Rate
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Canada Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Turkish Lira data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. Canada Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Turkish Lira data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 78.834 % in 12 Jul 2021 and a record low of 0.000 % in 12 May 2025. Canada Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Turkish Lira data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Headline.
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The benchmark interest rate in Turkey was last recorded at 46 percent. This dataset provides the latest reported value for - Turkey Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
The statistic shows the average inflation rate in Turkey from 1987 to 2024, with projections up until 2030. In 2024, the average inflation rate in Turkey was at around 58.51 percent compared to the previous year. Turkey’s economy With a continuously growing gross domestic product /GDP and thus a rising share in the global GDP adjusted for Purchasing Power Parity, Turkey’s economy is one of the largest worldwide. By 2030, Turkey is estimated to be one of the countries with the highest gross domestic product worldwide. Import of goods figures and export figures are rising as well, however, the trade balance of Turkey has been in the negative range for several years now with a downwards trend which indicates a serious trade deficit – or in other words: an imbalance between export and import costs; the value of goods Turkey imports is a lot higher than the value of exported goods. Main export partners of Turkey for textiles, automotive goods, iron and steel, among other goods, are mostly European countries, with Germany leading the ranking, followed by Iraq, Great Britain, Italy and France. The most important economic sector for Turkey is the services sector, especially the tourism sector, which has experienced a significant boost over the last decade. Thus, Turkey is now among the most popular destinations for visitors of all nations. A look at gross domestic product /GDP growth in Turkey shows that the country suffered a brief setback during the economic crisis of 2008, but swiftly recovered and was back in the black by 2010. Turkey’s employment figures hardly suffered at all, they too recovered quickly and are now back to pre-crisis levels.
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This dataset is about countries per year in Turkey. It has 64 rows. It features 4 columns: country, currency, and inflation.
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This bar chart displays inflation (annual %) by currency using the aggregation median in Turkey. The data is filtered where the date is 2021. The data is about countries per year.
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Turkey Banking Sector: SE: LC: Capital Reserves Due to Inflation Accounting data was reported at 0.000 TRY mn in Jun 2019. This stayed constant from the previous number of 0.000 TRY mn for May 2019. Turkey Banking Sector: SE: LC: Capital Reserves Due to Inflation Accounting data is updated monthly, averaging 0.000 TRY mn from Dec 2002 (Median) to Jun 2019, with 199 observations. The data reached an all-time high of 39,010.174 TRY mn in Feb 2003 and a record low of 0.000 TRY mn in Jun 2019. Turkey Banking Sector: SE: LC: Capital Reserves Due to Inflation Accounting data remains active status in CEIC and is reported by Banking Regulation And Supervision Agency. The data is categorized under Global Database’s Turkey – Table TR.KB046: Balance Sheet: Banking Sector: in Local Currency.
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The currency chart for Turquie shows historical data for the Turkish Liras per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Turkish Liras per USD. Depreciation implies that goods from Turquie...
As of December 30, 2024, the major economy with the highest yield on 10-year government bonds was Turkey, with a yield of 27.38 percent. This is due to the risks investors take when investing in Turkey, notably due to high inflation rates potentially eradicating any profits made when using a foreign currency to investing in securities denominated in Turkish lira. Of the major developed economies, United States had one the highest yield on 10-year government bonds at this time with 4.59 percent, while Switzerland had the lowest at 0.27 percent. How does inflation influence the yields of government bonds? Inflation reduces purchasing power over time. Due to this, investors seek higher returns to offset the anticipated decrease in purchasing power resulting from rapid price rises. In countries with high inflation, government bond yields often incorporate investor expectations and risk premiums, resulting in comparatively higher rates offered by these bonds. Why are government bond rates significant? Government bond rates are an important indicator of financial markets, serving as a benchmark for borrowing costs, interest rates, and investor sentiment. They affect the cost of government borrowing, influence the price of various financial instruments, and serve as a reflection of expectations regarding inflation and economic growth. For instance, in financial analysis and investing, people often use the 10-year U.S. government bond rates as a proxy for the longer-term risk-free rate.
In January 2024, the average apartment rent in Turkey amounted to *** Turkish lira per square meter, up from ** Turkish lira per square meter in the same month of 2021. In recent years, rent prices have soared, which can be explained by the growth of the market, but also with the extremely high inflation in the country. More than ** percent of the Turkish population lived in a rented home in 2023.
In 2024, the average apartment rent in Turkey ranged between 51 and 352 Turkish lira per square meter. The province with the highest rents was Istanbul, where renting an apartment cost on average 352 Turkish lira per square meter. In Turkey, more than 40 percent of households lived in a rented home. In recent years, rent prices have soared, which can be explained by the growth of the market, but also with the extremely high inflation in the country.
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This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.
Die Inflationsrate der Türkei sinkt im Vergleich zum Vormonat und pendelt sich im Mai 2025 bei offiziell rund ***** Prozent gegenüber dem Vorjahresmonat ein. Die Statistik zeigt die Inflationsrate der Türkei von Mai 2023 bis Mai 2025. Die Türkei ist offizieller Beitrittskandidat der Europäischen Union (EU). Wäre die Türkei bereits Mitglied der EU, würde sie die höchste Inflationsrate aller EU-Mitgliedstaaten aufweisen. Wahlen in der Türkei: Erdogan verspricht signifikante Senkung der Inflation Am 14 Mai 2023 haben in der Türkei parallel die Parlamentswahlen und die Präsidentschaftswahlen stattgefunden. Die hohen Teuerungsraten waren bis zum verheerenden Erdbeben in der Türkei und Syrien Anfang Februar 2023 das bestimmende Thema der Bevölkerung in den letzten Monaten gewesen und haben den Wahlkampf geprägt. Präsident Erdogan und die AKP haben die Verantwortung für die hohe Inflationsrate in der Türkei stets von sich gewiesen, aber gleichzeitig versprochen, dass die Inflationsrate noch in diesem Jahr deutlich sinken und im Jahresdurchschnitt unter ** Prozent liegen wird. Vor den Wahlen ist die Inflationsrate in der Türkei tatsächlich gesunken, allerdings können sich unabhängige Experten nicht direkt erklären, warum und bezweifeln die offiziellen Zahlen. Das Ergebnis der Präsidentschaftswahlen in der Türkei 2023 war lange offen, doch letztendlich hat sich Recep Tayyip Erdogan durchgesetzt und wurde somit für weitere 5 Jahre wiedergewählt. Jetzt, wo die Inflationsrate in der Türkei auch offiziell wieder anzieht (und inoffiziell bei über 100 Prozent liegen soll) und die Wahlen gewonnen wurden, hat die türkische Zentralbankchefin eher eine Teuerungsrate von rund ** Prozent im Jahresmittel prognostiziert. Eine signifikante Senkung der Inflation in der Türkei wird nun für Ende 2025 angestrebt. Bereits in den letzten Jahren gehörte die Türkei zu den ** Ländern mit der höchsten Inflationsrate weltweit und wird vermutlich auch im Jahr 2025 in dieser Rangliste vertreten sein. Mehr Informationen zum Themenbereich Inflation und Konsum? Die Inflationsrate bildet Veränderungen der Kosten für einen festgelegten Warenkorb ab, der eine repräsentative Auswahl an Waren und Dienstleistungen enthält. Sie wird aus dem Verbraucherpreisindex (VPI) abgeleitet. Umfangreiche Informationen zu den einzelnen Waren- und Dienstleistungsgruppen des Inflation-Warenkorbs, der Konsumlaune der EU-Bürger:innen und den anteiligen Konsumausgaben, sind auf der Themenseite und dem Report zu Kaufkraft und Konsum in Europa abrufbar.
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The USD/TRY exchange rate rose to 40.2832 on July 17, 2025, up 0.08% from the previous session. Over the past month, the Turkish Lira has weakened 2.26%, and is down by 21.70% over the last 12 months. Turkish Lira - values, historical data, forecasts and news - updated on July of 2025.