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ING expects Turkish lira to depreciate to record low by 2026
Finance
- 11 August, 2023
- 15:58
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Dutch ING Group expects the national currency of Türkiye to fall to 40 liras against the US dollar at the end of 2025, according to Report.
The dollar-to-lira exchange rate is expected to be 28.50 lira in the third quarter of 2023, and 30 lira in the fourth quarter.
ING's analysts predict that the lira will depreciate further. They expect it to be 31.19 lira in the first quarter of 2024, 32.56 lira in the second quarter, 34.16 lira in the third quarter, and 36 lira in the fourth quarter.
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