Across 18 banks, the consensus median for USD/TRY at December 2026 is 50.25, with a mean of 50.13. Both point to further lira weakness against the dollar relative to prevailing levels, with the two central measures sitting close together at just above 50.
The full range of desk targets runs from 43.50 at the most TRY-bullish end to 56.30 at the most TRY-bearish, with a population standard deviation of 2.90. That spread indicates broad agreement on direction but meaningful disagreement on magnitude; you can review the full USD/TRY bank consensus on the canonical pair page.
Because a higher USD/TRY reading means a stronger dollar and a weaker lira, a print toward 56.30 would imply deeper lira depreciation than the median, while a move toward 43.50 would signal relative lira resilience. The clustering of the mean at 50.13 and median at 50.25 suggests the balance of forecasts leans toward continued, orderly lira weakness rather than a sharp break in either direction.
Frequently Asked Questions
What is the USD/TRY forecast for the end of 2026?
The bank consensus median for USD/TRY at December 2026 is 50.25, and the consensus mean is 50.13.
What is the range of USD/TRY forecasts?
Desk targets range from 43.50 at the most TRY-bullish to 56.30 at the most TRY-bearish, across 18 banks.
Do banks expect the lira to weaken against the dollar?
With a median of 50.25 and a mean of 50.13, the consensus points to further lira weakness against the dollar, though the standard deviation of 2.90 shows disagreement on the extent.
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