Turkey Exchange Rate: USD to Local Currency data was reported at 34.331 USD/TRY in Dec 2026. This stayed constant from the previous number of 34.331 USD/TRY for Sep 2026. Turkey Exchange Rate: USD to Local Currency data is updated quarterly, averaging 0.263 USD/TRY from Mar 1970 (Median) to Dec 2026, with 228 observations. The data reached an all-time high of 34.331 USD/TRY in Dec 2026 and a record low of 0.000 USD/TRY in Jun 1970. Turkey Exchange Rate: USD to Local Currency data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Turkey – Table TR.OECD.EO: Exchange Rate: Forecast: OECD Member: Quarterly. None

Prices for USDTRY US Dollar Turkish Lira including live quotes, historical charts and news. USDTRY US Dollar Turkish Lira was last updated by Trading Economics this July 13 of 2025.

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.

Turkey Aggregate Position FX Forwards & Futures(FF): Short(SP) data was reported at -29.631 USD bn in Mar 2020. This records a decrease from the previous number of -25.859 USD bn for Feb 2020. Turkey Aggregate Position FX Forwards & Futures(FF): Short(SP) data is updated monthly, averaging 0.000 USD mn from Aug 2000 (Median) to Mar 2020, with 236 observations. The data reached an all-time high of 0.000 USD mn in Oct 2016 and a record low of -29.631 USD bn in Mar 2020. Turkey Aggregate Position FX Forwards & Futures(FF): Short(SP) data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.KA007: Official Reserve Assets and Other Foreign Currency Assets.

Between 2024 and 2006, the road and rail sector is forecast to receive the highest numbers of public investment. In particular, it is anticipated that the road sector would receive investments worth approximately 208 billion Turkish Lira in 2026. Among the other modes of transportation, water transportation is expected to receive the least amount of investment in those three years.

Turkey Purchasing Power Parity: USD to Local Currency data was reported at 17.759 USD/TRY in Dec 2026. This records an increase from the previous number of 17.235 USD/TRY for Sep 2026. Turkey Purchasing Power Parity: USD to Local Currency data is updated quarterly, averaging 0.005 USD/TRY from Mar 1960 (Median) to Dec 2026, with 268 observations. The data reached an all-time high of 17.759 USD/TRY in Dec 2026 and a record low of 0.000 USD/TRY in Mar 1960. Turkey Purchasing Power Parity: USD to Local Currency data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Turkey – Table TR.OECD.EO: Exchange Rate: Forecast: OECD Member: Quarterly. None

The Turkey Construction Market size was valued at USD 12.4 Billion in 2024 and is projected to reach USD 23.0 Billion by 2032, growing at a CAGR of 8.0% from 2025 to 2032.

Key Market Drivers:

• Industrial and Commercial Construction: Industrial and commercial construction will fuel Turkey’s construction market. The rise of the manufacturing sector is a crucial driver, with industrial construction projects increasing by 35% in 2023 over the previous year. The Turkish Chamber of Commerce forecasts that 850 new industrial facilities would be built in 2023, worth a total of 85 billion Turkish lira. growing need for commercial space to support Turkey’s growing economy and urbanization drives the building sector forward. These factors point to considerable market expansion in the following years.

• Infrastructure Development and Transportation Projects: Infrastructure development and transportation developments are essential drivers of Turkey’s construction economy. According to the Turkish Ministry of Transport and Infrastructure.

The euro and U.S. dollar made up more than ***** of 10 SWIFT payments worldwide in 2025, outperforming many other currencies. This is according to a monthly report meant to track the market share of China's yuan renminbi within the international bank transfer system SWIFT. Although China holds the largest forex reserves in the world, the yuan ranked as the ******-used currency in international payments. The figures concern customer-initiated and institutional payments and exclude trade. Discussions on the potential weakening role of the U.S. dollar especially touch world trade and forex. For example, the share of the USD in forex reserves declined visibly against the euro and Japanese yen in 2024. What sparked this de-dollarization trend, and will it continue? Trade sanctions and de-dollarization De-dollarization in 2024 is mentioned mostly alongside trade and the BRICS countries - an informal name given to Brazil, Russia, India, China, and South Africa. The combined GDP of BRICS is about ** percent of the world's economy. After the start of the Ukraine war and Russia received economic sanctions, the BRICS slowly evolved into a trading bloc. The group increasingly wanted its own currency to settle payments within the trade bloc, to avoid using the U.S. dollar. In August 2024, BRICS will gather in South Africa to discuss the creation of such a new joint currency. Additionally, ** countries - including Argentina, Algeria, Egypt, Saudi Arabia, Turkey, and Yemen - expressed interest in joining the BRICS group. CBDC, or projects into a digital payment settlement A factor of future uncertainty for the U.S. dollar is how central bank digital currencies (CBDC) develop in emerging countries. Several projects exist between individual countries that specifically target cross-border interbank payments. A cooperation between Thailand and Hong Kong, Inthanon-Lionrock, ranks as the most advanced of these projects. CBDC does not require the U.S. dollar to function. Tangible such as commodities or gold can back them. The value of transactions processed with CBDC is to grow by ******* percent between 2024 and 2030.

Turkey Third Party Logistics (3PL) Market size was valued at USD 12.4 Billion in 2024 and is projected to reach USD 23.0 Billion by 2032, growing at a CAGR of 8.0% from 2025 to 2032.

Key Market Drivers:

E-commerce Growth and Digital Transformation: The growth of e-commerce and digital transformation is propelling the Turkey Third Party Logistics (3PL) Market. According to the Turkish Statistical Institute (Turk Stat), e-commerce volume in Turkey will reach 450 billion Turkish lira by 2023, doubling year on year. According to the Turkish E-Commerce Association (ETID), this boom has led to around 65% of e-commerce businesses in Turkey partnering with 3PL providers to manage logistics. This trend is increasing demand for effective logistics solutions, particularly in last-mile delivery and inventory management, in growth in the 3PL industry.

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.

Prices for TRYPKR Turkish Lira Pakistani Rupee including live quotes, historical charts and news. TRYPKR Turkish Lira Pakistani Rupee was last updated by Trading Economics this July 13 of 2025.

The Turkish commercial real estate market, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 9.74% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, Turkey's burgeoning tourism sector, particularly in major cities like Istanbul, Antalya, and Bursa, consistently fuels demand for hospitality and retail spaces. Secondly, a growing population and increasing urbanization are driving demand for residential and commercial properties, particularly in the multi-family and office segments. The ongoing infrastructure development projects across the country further enhance connectivity and accessibility, boosting investor confidence and attracting further investment in commercial real estate. Finally, the government's initiatives aimed at attracting foreign investment and promoting economic growth contribute significantly to market stability and expansion. However, the market also faces certain challenges. Fluctuations in the Turkish Lira and global economic uncertainty can influence investor sentiment and impact property values. Furthermore, the construction sector's susceptibility to regulatory changes and potential material cost increases pose potential restraints to the industry's growth trajectory. Despite these challenges, the strong underlying drivers and the diverse segments within the market, including offices, retail, industrial, logistics, multi-family, and hospitality, suggest a promising outlook for the long-term growth of Turkey's commercial real estate sector. Key players such as IC Ibrahim Cecen Investment Holding, Agaoglu Group, and Emlak Konut GYO are expected to continue shaping the market's development, with the increasing involvement of international investors adding further dynamism to this expanding sector. Unlocking Opportunities in Turkey's Thriving Commercial Real Estate Market: A Comprehensive Report (2019-2033) This in-depth report provides a comprehensive analysis of the Turkey commercial real estate market, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, this report offers invaluable insights into market trends, segment performance, and future growth projections. It's an essential resource for investors, developers, and industry professionals seeking to navigate the dynamic landscape of Turkey's commercial real estate sector. The report analyzes key segments including offices, retail, industrial, logistics, multi-family, and hospitality, across major cities like Istanbul, Bursa, and Antalya. We examine the impact of key players such as IC Ibrahim Cecen Investment Holding, Agaoglu Group, Ozak GYO, Emlak Konut GYO, Ege Yapi, Ronesans Holding, Artas Group, Kiler GYO, PEGA, and Calik holding (list not exhaustive), and delve into the implications of market concentration, M&A activity, and emerging industry developments. The report also forecasts the market to reach billions of USD by 2033 (specific figures will be provided in the complete report). Key drivers for this market are: Increasing Investment in Infrastructure Projects, The rising popularity of sustainable architecture. Potential restraints include: Volatility in Raw material prices. Notable trends are: Improvement in Hospitality Sector.