Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Turkey
CCUSMA02TRM618N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.38
Year-over-Year Change
21.07%
Date Range
1/1/1957 - 6/1/2025
Summary
This economic trend measures the average daily exchange rate between the US dollar and the Turkish lira. It provides insight into the relative strength and value of the US currency in the Turkish market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The US Dollar Exchange Rate for Turkey is an important benchmark that reflects the purchasing power and international trade dynamics between the two countries. It is widely used by economists, policymakers, and businesses to analyze trade flows, forecast inflation, and make investment decisions.
Methodology
The data is collected by the Federal Reserve and calculated as the average of daily exchange rates.
Historical Context
This trend is closely monitored by central banks, governments, and financial markets to gauge economic conditions and inform policy decisions.
Key Facts
- The Turkish lira has depreciated over 80% against the US dollar since 2018.
- Turkey's inflation rate has exceeded 80% as of 2022, driving the need to track exchange rate movements.
- The US is one of Turkey's largest trading partners, making the exchange rate a critical economic indicator.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average daily exchange rate between the US dollar and the Turkish lira, providing insight into the relative strength and purchasing power of the US currency in the Turkish market.
Q: Why is this trend relevant for users or analysts?
A: The US Dollar Exchange Rate for Turkey is an important benchmark used by economists, policymakers, and businesses to analyze trade flows, forecast inflation, and make investment decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve and calculated as the average of daily exchange rates.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by central banks, governments, and financial markets to gauge economic conditions and inform policy decisions related to trade, monetary policy, and international investment.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve and may be subject to update delays or revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Turkey (CCUSMA02TRM618N), retrieved from FRED.