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FX BANK FORECAST · COVERAGE
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 36 institutional desks. No promotion.
FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 36 institutional desks. No promotion.
| Firm | Stance | YE 2026 |
|---|---|---|
ING | Bearish | 56.30 |
USD/TRY · 2026 Bank Forecast
Spot 48.27 · 18-bank consensus 50.13 (+3.9%) by Dec 2026
Institutional 2026 consensus for USD/TRY, aggregated from 18 major sell-side investment banks. Each firm contributes a Dec-2026 year-end target alongside quarterly checkpoints, read here as a live dollar to lira forecast and prediction set. Below: the distribution shape, outliers, quarterly trajectory, and per-firm breakdown.
Other pairs: EUR/USD · GBP/USD · USD/JPY · USD/CHF · USD/CAD · AUD/USD · NZD/USD
Bank consensus from 18 banks puts USD/TRY at 50.13 (range 43.50–56.30) by Dec 2026 — +3.9% from the last close of 48.27.
USD/TRY — 2026 consensus trajectory · quarter-by-quarter
Quarterly path (Mar · Jun · Sep · Dec) · price-vs-forecast overlay
Per-firm distribution · USD/TRY Dec '26 · sorted table
Per-firm dot plot · all-firms table · per-firm bars · 36 firms
J.P. Morgan |
| Bearish |
| 53.50 |
Deutsche Bank | Bearish | 52.50 |
Morgan Stanley | Bearish | 52.00 |
MUFG | Bearish | 52.00 |
Barclays | — | 51.50 |
Bank of America | Bearish | 51.00 |
Nomura | Bearish | 50.50 |
All 18 desk targets for USD/TRY
Continuously. Investment banks revise their published USD/TRY targets as new research lands — typically around central-bank meetings, major data releases and their scheduled forecast rounds. This page recomputes the USD/TRY consensus median, range and per-firm distribution automatically whenever any covered desk publishes a new target, so the aggregate always reflects each bank's latest published view rather than a quarterly snapshot.
Across the major sell-side research desks we track, the most-cited drivers shaping the USD/TRY outlook are constructive em emea positioning, and em carry theme. The single most widely shared of these themes appears in the views of 1 different banks, which makes it the closest thing to a true cross-desk consensus narrative for USD/TRY right now. These are the structural and cyclical forces — the relative monetary-policy paths, growth differentials, fiscal dynamics and capital-flow shifts — that strategists keep returning to when they frame their USD/TRY year-end targets. Watching which of these drivers gains or loses backing over time is often a more durable signal than any single point forecast, because it shows where the institutional debate is actually concentrated.
Our USD/TRY consensus aggregates the published forecasts and research narratives of the major global investment banks, comparing their year-end targets, quarterly paths and the reasoning behind them side by side. Rather than relying on any one house view, the page clusters the drivers and risk scenarios that recur across desks so you can see where the sell side genuinely agrees and where it splits. Each driver above shows how many separate banks cite it, turning a pile of individual reports into a single legible map of institutional conviction. The full per-firm distribution, individual bank targets and the detailed scenario levels behind each view are available to subscribers, while the aggregate consensus picture is open to everyone.