Turkish Lira: US Dollar and Euro Surpass Key Thresholds

The US Dollar has surpassed the 50 TL mark for the first time, reaching a record high against the Turkish Lira. As of November 4, 2026, the dollar was trading at approximately 50.02 TL. The Euro has also seen significant increases, trading above the 56 TL level.

Market analysts and financial institutions have provided various year-end projections for 2026. A survey of 29 banks and brokerage firms calculated a median year-end expectation of 51.60 TL for the US Dollar. ING Global projected a year-end rate of 51.50 TL for the dollar and 58.20 TL for the Euro.

Currency volatility is being influenced by global factors, including US midterm election results and upcoming US employment data. Investors are closely monitoring potential political shifts in Washington and macroeconomic indicators such as non-farm payrolls and unemployment rates, which impact global risk appetite.