Currency pair · cross of two ECB reference rates

What is the USD/TRY reference rate and how has it moved?

The USD/TRY reference rate was 49.5271 on 16 Oct 2026: one USD was worth 49.5271 TRY. That is 18.3% above a year earlier and 100% of the way up its 52-week range. Annualised volatility over the year was 1.5%.

USD/TRY · 16 Oct 2026: 49.5271Previous fixing 49.4176 (15 Oct 2026) · ▲ +0.22%
12-month change: ▲ +18.3%from 41.8533 on 16 Oct 2025
52-week range: 41.9200–49.5271low 27 Oct 2025 · high 16 Oct 2026
Volatility, 1 yr: 1.5%annualised; full-year average since 2016: 14.8%

The past twelve months

Daily ECB reference fixings, 16 Oct 2025 – 16 Oct 2026 (255 fixings). Yellow dot: latest.

What the record shows

Over the past year USD/TRY has been calmer than usual: 1.5% annualised volatility against a 14.8% average for full calendar years since 2016. Its calmest full year was 2024 (3.9%) and its busiest 2021 (42.3%).
Since 4 Jan 2016 the rate has ranged from 2.7913 (2 May 2016) to 49.5271 (16 Oct 2026). Today's fixing is higher than 100% of the 2,763 daily fixings in that period.
Five years ago, on 15 Oct 2021, the fixing was 9.2339, so the rate is 436.4% above that level. Over one month it is ▲ +1.79% (from 48.6574 on 16 Sept 2026).
The largest single-day move of the past year was on 26 May 2026: 45.7142 → 45.9060 (▲ +0.42%).
Read the other way round, 1 TRY was worth 0.02019 USD on 16 Oct 2026 (TRY/USD).

How is the USD/TRY figure on this page produced?

The ECB does not publish USD/TRY; it publishes each currency against the euro. The cross is the ratio of the two: TRY per euro ÷ USD per euro = 55.7328 ÷ 1.12530 = 49.5271 on 16 Oct 2026. Because both legs are fixed at the same moment, the cross is internally consistent, but it can differ slightly from a market quote at 14:10 CET. See how to calculate a cross rate.

Year by year

USD/TRY yearly close, change, high, low, average and volatility
Year	Close	Change	High	Low	Average	Vol.
2026 to date	49.5271	▲ +15.3%	49.5271 16 Oct	43.0281 2 Jan	45.9587	1.3%
2025	42.9649	▲ +21.5%	42.9649 31 Dec	35.3186 2 Jan	39.5700	4.2%
2024	35.3616	▲ +19.7%	35.3616 31 Dec	29.7265 2 Jan	32.8700	3.9%
2023	29.5503	▲ +57.9%	29.5503 29 Dec	18.7250 2 Jan	23.8197	10.5%
2022	18.7183	▲ +39.2%	18.7191 29 Dec	13.2785 3 Jan	16.6119	11.0%
2021	13.4500	▲ +81.1%	17.7800 20 Dec	6.9493 18 Feb	8.9233	42.3%
2020	7.4265	▲ +24.8%	8.5500 6 Nov	5.8522 16 Jan	7.0321	13.7%
2019	5.9501	▲ +12.4%	6.2293 9 May	5.1958 31 Jan	5.6806	12.5%
2018	5.2915	▲ +39.6%	6.8974 13 Aug	3.7406 25 Jan	4.8549	27.9%
2017	3.7909	▲ +7.8%	3.9626 22 Nov	3.3991 11 Sept	3.6481	11.6%
2016	3.5169	—	3.5470 2 Dec	2.7913 2 May	3.0240	10.8%

Change = last fixing of the year against the last fixing of the previous year (2016 has no prior close in this record). Vol. = annualised standard deviation of daily log changes within the year. 2026 runs to 16 Oct 2026.

Since January 2016

ECB reference fixings, thinned to about every fifth fixing for drawing; the tables use every fixing.

Largest one-day moves since 2016

Date	From	To	Move
21 Dec 2021	17.7800	13.0263	▼ −26.74%
13 Aug 2018	6.0500	6.8974	▲ +14.01%
10 Aug 2018	5.4032	6.0500	▲ +11.97%
23 Nov 2021	11.2355	12.5505	▲ +11.70%
23 Dec 2021	12.4519	11.1870	▼ −10.16%

Moves are measured between consecutive ECB fixings, so a move after a holiday can span more than one calendar day.

Sources

European Central Bank — euro foreign exchange reference rates (series EXR.D.USD+TRY.EUR.SP00.A, retrieved 16 Oct 2026 via the ECB Data Portal).
Method for crosses, ranges and volatility: methodology.