The forex market has been closely monitoring the US Dollar/Turkish Lira (USD/TRY) pair, which has exhibited notable fluctuations over recent months. As of February 12, 2026, the USD/TRY closed at 43.7281, reflecting a persistent trend of volatility that has characterized the currency pair throughout the year. This closing price is marginally below the 52-week high of 43.7398, recorded on the same day, underscoring the tight range within which the pair has been trading.
The 52-week low for the USD/TRY, observed on February 16, 2025, stood at 36.0436, highlighting a significant depreciation of the Turkish Lira against the US Dollar over the past year. This depreciation can be attributed to a confluence of economic factors, including Turkey’s inflationary pressures, monetary policy decisions, and geopolitical tensions that have influenced investor sentiment and currency stability.
The Turkish Lira’s volatility is further compounded by domestic economic challenges, such as high inflation rates and concerns over fiscal policy. These factors have led to increased risk aversion among investors, prompting capital outflows and exerting downward pressure on the Lira. In response, the Central Bank of the Republic of Turkey has been navigating a complex monetary policy landscape, balancing the need to support economic growth with the imperative to stabilize the currency.
On the international front, the USD/TRY pair is also influenced by broader market dynamics, including shifts in global risk appetite and changes in US monetary policy. As the Federal Reserve continues to adjust interest rates in response to domestic economic conditions, the US Dollar’s strength has implications for emerging market currencies, including the Turkish Lira.
Looking ahead, the USD/TRY pair is likely to remain sensitive to both domestic and international developments. Key factors to watch include Turkey’s economic policy adjustments, inflation trends, and geopolitical developments that could impact investor confidence. Additionally, global economic conditions and US monetary policy will continue to play a critical role in shaping the trajectory of the USD/TRY exchange rate.
In conclusion, the USD/TRY forex pair remains a focal point for investors and analysts, given its volatility and the broader economic implications for Turkey and the global market. As the year progresses, stakeholders will be closely monitoring the interplay of domestic and international factors that influence the currency pair’s performance.
