Dollar and Euro exchange rates today: May 29, 2026 FX prices

On the morning of May 29, 2026, dollar and euro remained elevated in the Turkish free market. BloombergHT reported USD at roughly 45.8945/45.9006 TRY (bid/ask) and EUR around 53.4845/53.5023 TRY, while annual comparisons cited 45.8939 TRY for the dollar and 53.4886 TRY for the euro.

Intraday flows showed modest upward pressure on the lira as local liquidity conditions and bank pricing determined early session levels; several market pages recorded opening USD quotes near 45.89 TRY and euro in the 53.48–53.53 TRY range. These intraday moves reflect a combination of domestic demand for foreign currency and limited global FX volatility in the early European trading hours.

The current exchange-rate levels continue to weigh on importers and companies with FX-denominated liabilities, while equity volatility in Borsa Istanbul shows sensitivity to currency swings. Fixed-income instruments priced in TL also face return pressures as investors reassess real yields against inflation and FX expectations. Overall market positioning suggests cautious risk-taking until clearer signals emerge from policy makers.

This movement should be read against the backdrop of Turkey’s monetary stance and global inflation dynamics. The Central Bank of the Republic of Turkey (CBRT) has kept its policy rate at 37% in recent meetings and its latest inflation report frames market expectations; energy price developments and external inflation trajectories are additional upside risks for the lira. Policy communications and macro data releases will be closely watched by market participants.

Analysts suggest that near-term exchange-rate dynamics will be driven by geopolitical developments, external financing conditions and CBRT signals. Term and swap markets have started to price scenario-based adjustments around upcoming policy windows, and corporate hedging activity is likely to remain a focal point. Investors and treasurers are advised to monitor liquidity, external balances and the central bank’s communication for directional clues.