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BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·
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Turkish Lira

TRY · Turkey

42
Moderate
Risk
Historical Scores
364146Jul 2021Jul 2023May 2026
What does this mean for you?

The Turkish Lira is in decent shape overall, scoring 42 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.

To keep up, your money needs to grow by at least 60% per year. Every ₺100 saved today buys about ₺63 next year. Calculator ↓

Inflation
58.5%
Debt / GDP
26.6%
GDP Growth
3.3%
FX Volatility
43.4
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
Prices rising fast (58.5% per year) — your savings lose value quickly
The currency has been swinging wildly — hard to plan ahead
Full Turkey analysis →

Savings Impact Calculator

₺
Holding cash in TRY58.5% inflation
₺100−₺900 (90% purchasing power lost)
Your ₺1,000 buys 90% less in 5 years
What if you invested ₺1,000 instead? (5yr, in TRY terms)
USD-denominated assets gain an additional ~55.5%/yr from expected TRY depreciation vs USD
Hold USD Cash
₺8250
+₺7250
+52.5%/yr net in TRY
S&P 500
₺12.4k
+₺11.4k
range: ₺7470–₺19.7k
10% USD return + 55.5% FX · ±16% vol
Gold
₺11.7k
+₺10.7k
range: ₺5284–₺23.2k
8% USD return + 55.5% FX · ±24% vol
Bitcoin
₺19.2k
+₺18.2k
range: ₺3240–₺70.9k
25% USD return + 55.5% FX · ±54% vol

All values in TRY. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~55.5%/yr based on the inflation differential between Turkey (58.5%) 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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