Today's USD to TRY Price Update

Summary

This report provides the real-time exchange rate between the U.S. Dollar (USD) and Turkish Lira (TRY), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Turkish Lira (TRY) is the official currency of Turkey. The exchange rate between them reflects not only market sentiment toward Turkey’s economic stability but also investor confidence in the relative strength of the U.S. Dollar against emerging market currencies.

Today’s Price

• 1 USD = 43.93 TRY
• 24h High: 43.9841 TRY
• 24h Low: 43.8664 TRY

Market Analysis

Recently, the USD/TRY pair has been influenced by Turkey’s domestic economic and political developments, as well as monetary policy decisions by Turkish authorities. The pair maintains an upward momentum with signs of strong buying pressure.

• Technical levels: Key support at 43.18558, resistance at 86.56282
• Technical rating: Strong Buy signal based on moving averages (12 Buy signals, 0 Sell signals). The 50-day moving average stands at 43.8631, suggesting bullish positioning
• Risk note: The Turkish Lira remains volatile due to fiscal management complexities and geopolitical uncertainties. Markets can experience sharp reversals, so risk management is essential
• Trading opportunities: Monitor the pair’s movement around current resistance levels and consider the broader context of interest rate expectations and political stability

Conclusion

Continue to monitor the USD/TRY pair closely, integrating technical indicators with macroeconomic factors affecting Turkey’s currency stability. Traders should remain vigilant to volatility and adjust positions according to risk tolerance and market conditions.