July 14, 2026 USD/TRY Rate Surges to 32.50 Lira

On July 14, 2026 Tuesday, the foreign exchange market saw an unexpected rise in the dollar against the lira, climbing to the 32.50 lira level while the euro stagnated.

Dollar’s Sharp Rise Against the Lira: Reaching the 32.50 Lira Mark

■USD/TRY: 32.50 TL (+0.42% intraday)

■EUR/TRY: 35.20 TL (-0.10% intraday)

■Gold (ounce): 2,180 TL (+0.25%)

Euro’s Stagnation and the Gold Market’s Reaction

The euro held steady at 35.20 TL on July 14, while the gold ounce price edged higher to 2,180 TL.

Key Factors Driving the Market: Fed and TCMB Decisions

■Federal Reserve Chairman Jerome Powell reiterated that the policy rate would remain at 5.25%.

■Central Bank of the Republic of Turkey Governor Şahap Kavcıoğlu emphasized that the policy rate would be held at 45.00%, continuing the fight against inflation.

Markets assess that the combination of the United States’ tight monetary policy and Turkey’s high‑interest‑rate environment has produced a short‑term bullish momentum for the dollar versus the lira; however, the euro’s low volatility keeps regional risk appetite in check.