Turkish Lira Hovers Near Record Low, Dollar Nears 48 Lira

According to data source data, the dollar lira exchange rate reached 47.9552 lira on Thursday, August 20, 2026 (29 Mordad 1405), up 0.06 percent from the previous session. The level sits close to the pair's all time high of 47.97, which data source recorded for August 2026. The lira has weakened 1.64 percent against the dollar over the past month and 17.21 percent over the past 12 months.

Turkey's central bank has held its policy rate at 37 percent at recent meetings and has cited higher energy prices tied to the regional war as a factor slowing the country's disinflation trend. Turkey is a major trading partner and travel destination for Iranians, so the lira's continued slide affects the cost of imports and travel along that route.