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The USD/TRY (U.S. dollar to Turkish lira) is currently trading around 38.93–38.94. Major international banks and investment institutions continue to anticipate further depreciation of the Turkish lira, although their 12-month forecasts differ based on varying economic outlooks and risk assessments.
Here are the latest projections from leading global financial institutions:
- Bank of America (BofA):
Expects the USD/TRY exchange rate to reach 43.83 within the next 12 months. - Citigroup:
Has revised its 12-month forecast for USD/TRY to 44.88, reflecting ongoing concerns over inflation and monetary policy. - Deutsche Bank:
Predicts that the lira will continue to weaken, projecting an exchange rate of 48.33 one year from now. - Goldman Sachs:
Forecasts the USD/TRY to stabilize around 45.00 in the next year, assuming current fiscal and monetary trends persist. - JP Morgan:
Estimates that the dollar will trade at 43.50 Turkish lira within 12 months, indicating a moderate upward trend. - UBS:
Anticipates a 12-month USD/TRY rate of 45.33, aligning with the broader consensus of continued lira depreciation.
