Turkish Lira | TRY to USD last = 5.626 1w: +0.02 (0.3%)
Consensus (median)
High estimate87.16.97.3
Low estimate2.221.84
Standard Deviation1.31.51.41
Count of Estimates2822117

I expect further depreciation of TRY vs USD against the backdrop of Turkey's political instability in line with the transition to a presidential system of government, domestic financial vulnerability and lower interest rate in comparison with the developed economies. Also after rapid increase in real GDP at the end of 2017 (+3.3% in 2016 vs +7.3% in 2017), I expect further slowdown in Turkey's economic growth, which will be an additional downward factor for the Turkish Lira.