💱US Dollar/Turkish Lira FX Spot Rate
USDTRY
▲ PositiveMonetaryrelevance
Turkey's widening current-account deficit and capital flight weaken the lira, making USD stronger relative to TRY.
Impact on assets 1
Others
Commerzbank’s Tatha Ghose highlighted that Turkey’s current-account deficit widened in May and remains structurally driven by savings-investment imbalances. Portfolio inflows are muted, with May showing renewed outflows and signs of capital flight.
Turkey's widening current-account deficit and capital flight weaken the lira, making USD stronger relative to TRY.