As 2022 progressed, less Turkish lira could be bought with U.S. dollars than in previous years - decreasing by nearly five liras. By June 27, 2025, one U.S. dollar was worth approximately 39.54. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different from an annual measure at a point, which reflects concrete values as of the end of the year.

Graph and download economic data for Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Turkey (CCUSMA02TRA618N) from 1957 to 2024 about Turkey, exchange rate, currency, and rate.

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...

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

Prices for TRYAUD Turkish Lira Australian Dollar including live quotes, historical charts and news. TRYAUD Turkish Lira Australian Dollar was last updated by Trading Economics this July 12 of 2025.

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

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.

Prices for TRYSRD Turkish Lira Surinamese Dollar including live quotes, historical charts and news. TRYSRD Turkish Lira Surinamese Dollar was last updated by Trading Economics this July 5 of 2025.

Prices for NADTRY Namibian Dollar Turkish Lira including live quotes, historical charts and news. NADTRY Namibian Dollar Turkish Lira was last updated by Trading Economics this July 12 of 2025.

Prices for TWDTRY New Taiwan Dollar Turkish Lira including live quotes, historical charts and news. TWDTRY New Taiwan Dollar Turkish Lira was last updated by Trading Economics this July 4 of 2025.

Key information about Turkey Foreign Exchange Reserves

• Turkey Foreign Exchange Reserves was measured at 83.5 USD bn in Dec 2024, compared with 85.4 USD bn in the previous month
• Turkey Foreign Exchange Reserves: USD mn data is updated monthly, available from Apr 2000 to Dec 2024
• The data reached an all-time high of 112.6 USD bn in Nov 2013 and a record low of 16.5 USD bn in Jun 2001

• In the latest reports, Turkey Foreign Exchange Reserves equaled 2.9 Months of Import in Nov 2024.
• Its Money Supply M2 increased 491.2 USD bn YoY in Nov 2024.
• Turkey Domestic Credit reached 570.6 USD bn in Nov 2024, representing an increased of 37.5 % YoY.
• The country's Non Performing Loans Ratio stood at 1.8 % in Nov 2024, compared with the ratio of 1.8 % in the previous month.
• Household Debt of Turkey reached 10.0 % in Sep 2024, accounting for 10.0 % of the country's Nominal GDP.

At **** U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2025 Big Mac index. Concurrently, the cost of a Big Mac was **** dollars in the U.S., and **** U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.

Prices for JMDTRY Jamaican Dollar Turkish Lira including live quotes, historical charts and news. JMDTRY Jamaican Dollar Turkish Lira was last updated by Trading Economics this July 12 of 2025.

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

Prices for TRYFJD Turkish Lira Fijian Dollar including live quotes, historical charts and news. TRYFJD Turkish Lira Fijian Dollar was last updated by Trading Economics this July 10 of 2025.

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

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