Dollar and Euro Prices in Turkey; Market Report on June 25, 2026

Latest Exchange Rates in the Istanbul Market According to reports published by the economic media outlet "Ekonomim" and real-time market data, today, June 25, 2026, the Turkish lira is witnessing new fluctuations against major international currencies [1]. The US dollar was traded in the Istanbul free market morning sessions at 46.49 lira for buying and 46.53 lira for selling [2]. This figure indicates the continued pressure on the Turkish national currency in recent months.

Meanwhile, the Euro, as a key currency for Turkey's trade and industrial sectors, has maintained its upward trend. The price of one Euro in today's market reached approximately 53.03 lira [2]. Market analysts believe these fluctuations stem from a combination of domestic factors and global economic pressures that have increased demand for safe-haven currencies.

Analysis of the Central Bank of Turkey's Monetary Policies The Central Bank of the Republic of Turkey (TCMB), in its latest Monetary Policy Committee meeting held in mid-June, decided to keep the policy rate (Repo) steady at 37% [4]. This decision was aimed at controlling inflation, which reached approximately 32.6% in May. However, the foreign exchange market remains skeptical about the adequacy of this rate to curb the lira's depreciation [3].

Fatih Karahan, the Governor of the Central Bank, emphasized in recent statements that domestic demand for the lira remains strong and the bank's foreign exchange reserves are in a favorable position [1]. Nevertheless, data from "Trading Economics" shows that the Turkish lira has lost more than 17% of its value against the dollar over the past 12 months, approaching its historical high against the dollar (46.55) today [3].

Economic Outlook and Impact of Regional Tensions One of the primary reasons for the current fluctuations is the increase in energy import costs due to geopolitical tensions in the region. As a major importer of oil and gas, Turkey is heavily affected by global energy price volatility, which directly impacts the trade balance and the value of the lira [4].

Economic experts predict that if the inflation trend does not decrease in line with the Central Bank's targets, there is a possibility of adopting stricter contractionary measures in the second half of 2026. Currently, traders are viewing the market with caution, waiting for new signals from the government's economic team to stabilize the exchange rate [2][3].