Commerzbank's Comprehensive Forecasts for USD/TRY and EUR/TRY

Commerzbank's Dollar/TRY Predictions

The German financial institution Commerzbank has made various predictions regarding the dollar/TRY and euro/TRY pairs in its new report assessing the impacts on the Turkish lira. The bank forecasts a gradual rise in exchange rates in the coming periods.

Expectations for the Dollar/TRY Pair

Commerzbank predicts that the expected value of the dollar/TRY pair will reach 44.0 by December 2023. This prediction is shaped by the instability in the markets and inflation expectations.

Forecasts for 2026 are quite striking. The bank anticipates that the dollar/TRY will reach 45.0 in March, 50.0 in June, and 55.0 by December. In the long term, it is expected that by December 2027, the rate will reach 57.0.

Developments in Euro/TRY

Commerzbank also foresees a similar upward trend for the euro/TRY pair. The euro/TRY forecast for December 2023 is stated as 51.48, while the 2026 forecasts are even higher. The bank believes that the euro/TRY will reach 53.55 in March, 60.0 in June, and 67.10 by December.

In the longer term, the forecast for December 2027 for euro/TRY is projected to rise to 68.40, indicating a persistent increase expectation in the exchange rate.

Market Analysis and Impacts

The predictions from Commerzbank constitute an important data set for investors closely monitoring the economic situation and foreign exchange markets in Turkey. The depreciation of the Turkish lira and inflation are primary factors triggering this ongoing increase in exchange rates. These predictions are of great significance for investors to shape their trading strategies.