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SCMPChina-EU trade, Xi touts ‘global influence’, Nato summit·Economic TimesWorld food prices ease for second month in June·Bank of JapanOutput Gap, Potential Growth Rate, and Labor Market Indicators·Economic TimesSensex jumps 262 points, Nifty closes above 24,270. 7 key factors behind today's D-Street gains·SCMPAustralia expects to gain extra US$26 billion from exports after Iran war raises prices·NYTLatest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure·NYTWhy the Jobs Market Has Wall Street and Washington on Edge·Bank of JapanJapanese Government Bonds Held by the Bank of Japan·SCMPChina-EU trade, Xi touts ‘global influence’, Nato summit·Economic TimesWorld food prices ease for second month in June·Bank of JapanOutput Gap, Potential Growth Rate, and Labor Market Indicators·Economic TimesSensex jumps 262 points, Nifty closes above 24,270. 7 key factors behind today's D-Street gains·SCMPAustralia expects to gain extra US$26 billion from exports after Iran war raises prices·NYTLatest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure·NYTWhy the Jobs Market Has Wall Street and Washington on Edge·Bank of JapanJapanese Government Bonds Held by the Bank of Japan·
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Turkish Lira

TRY · Turkey

41
Moderate
Risk
Historical Scores
364655Jul 2021Jul 2025Jul 2026
What does this mean for you?

The Turkish Lira is in decent shape overall, scoring 41 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

Your savings need 36.4%/yr returns to not lose value. ₺100 today → ₺74 next year. Calculator ↓

Inflation
34.9%
Debt / GDP
26.6%
GDP Growth
3.6%
FX Volatility
42.4
Governance
-0.3
Reserves
4.7 mo
Analysis
What's working well
Government debt is low — less pressure to print money
Economy is growing healthily
Banking system is in good shape
What to watch out for
The currency has been swinging wildly — hard to plan ahead
Prices rising fast (34.9% per year) — your savings lose value quickly
Full Turkey analysis →

Savings Impact Calculator

₺
Holding cash in TRY34.9% inflation
₺224−₺776 (78% purchasing power lost)
Your ₺1,000 buys 78% less in 5 years
What if you invested ₺1,000 instead? (5yr, in TRY terms)
USD-denominated assets gain an additional ~31.9%/yr from expected TRY depreciation vs USD
Hold USD Cash
₺3556
+₺2556
+28.9%/yr net in TRY
S&P 500
₺5749
+₺4749
range: ₺3161–₺9810
10% USD return + 31.9% FX · ±16% vol
Gold
₺5355
+₺4355
range: ₺2090–₺11.8k
8% USD return + 31.9% FX · ±24% vol
Bitcoin
₺9503
+₺8503
range: ₺1153–₺41.7k
25% USD return + 31.9% FX · ±54% vol

All values in TRY. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~31.9%/yr based on the inflation differential between Turkey (34.9%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how TRY ranks differently.
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