Turkey's currency has surpassed its historic low

Turkey's national currency hit a historic low, surpassing the mark of 50 Turkish liras (1.7 manats) to 1 dollar.

This was reported by the business newspaper Ekonomim.

On the morning of November 4, the lira was trading on the Istanbul exchange at a rate of 50.02 to 1 dollar. The increase compared to the previous day was 0.05%.

Over the course of the year, the Turkish lira depreciated against the dollar by more than 18%, local media reported earlier. In 2025, it has lost nearly 25% of its value.

Market participants previously surveyed by the Turkish Central Bank forecast the national currency's exchange rate at 51.5 Turkish liras per 1 dollar by the end of the year.

International financial institutions such as Goldman Sachs, Deutsche Bank, and Commerzbank forecast the lira to fall to 52 per 1 dollar or more by that time.