This guide explains the subject in a clear, comparable framework. Prices and conditions change over time; verify current sources before acting.
Separate domestic and global drivers
USD/TRY reflects both Türkiye-specific developments and the dollar's global direction. If the dollar rises broadly, the move may be global. If comparable currencies are steady while USD/TRY diverges, domestic rates, inflation or risk perception may matter more.
Rate differentials and inflation expectations
Investors assess returns after expected inflation and currency risk, not the policy rate alone. Policy rates, market yields and deposit offers are different measures. Read central-bank guidance together with changes in inflation expectations.
Reserves, flows and liquidity
Trade, tourism, energy payments, portfolio flows and corporate demand shape the daily balance. Reserves are an important buffer indicator but rarely explain a single day's move alone; gross, net and swap-adjusted measures have different scopes.
Read the quote correctly
Interbank references, bank retail quotes and physical-market offers are not identical. Bid-ask spreads may widen outside liquid hours. Compare the same source, timestamp and quote type.
This content is general information and financial education. It is not personalized investment advice or a recommendation to buy or sell.