The USD/TRY exchange rate surged to a record high this week after the Central Bank of the Republic of Turkey (CBRT) slashed interest rates by 300 basis points. It jumped to 41.05, continuing a trend ...

The Turkish Lira experienced a significant decline against the US Dollar last week, falling from an opening level of 0.0371 to close at 0.0254, its l ...

The Turkish lira collapsed to a record low against the US dollar even as signs emerged that the Federal Reserve would slash interest rates in September. The USD/TRY exchange rate soared to 34 ...

The Turkish lira slipped by more than 5% against the US dollar in October alone, and is now close to revisiting January's all-time lows. Iraq's Kurdish region is seeking independence, which some ...

The Turkish lira continues to fall against the US dollar on Monday. Credit rating agencies S&P and Moody's both downgraded Turkey late Friday, stoking fears about the state of the Turkish economy.

The Turkish lira has fallen as Erdogan’s authoritarian tendencies have unsettled foreign investors. It is at near record lows against the US dollar, and is unlikely to rebound any time soon.

The lira ended the session down 4.6% to the dollar, at 13.415, and at 15.2809 to the euro.