Turkish Lira | USD to TRY last = 0.183 1w: -0.0009 (-0.5%)
2019202020212022
Consensus (median)0.160.170.220.2
High estimate0.450.50.560.25
Low estimate0.130.140.140.14
Standard Deviation0.070.090.110.04
Count of Estimates2822117
History
Forecast
[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.