Turkish Lira | TRY to USD last = 5.349 1w: +0.2 (3.6%)
20182019202020212022
Consensus (median)4.24.4444.4
High estimate5.15.24.95.25.6
Low estimate2.62.221.83.2
Standard Deviation0.60.80.811
Count of Estimates32261384
[Negative]

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.