Grim outlook for the Turkish Lira from German bank! Frightening forecast for the Dollar and Euro...
Germany's leading financial institution, Commerzbank, has shared its new exchange rate forecasts for the Turkish Lira. The bank predicts a gradual but clear depreciation for both the dollar/TL and euro/TL in the coming periods, emphasizing that the upward trend in exchange rates cannot be stopped.
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German financial giant Commerzbank has published its updated exchange rate forecasts for the future of the Turkish Lira. The bank announced that it expects a gradual but significant increase in both the dollar/TL and euro/TL in the coming years.
NEW FORECASTS FOR DOLLAR/TL
According to Commerzbank's projections, the dollar/TL will continue its controlled increase in the coming years. The bank's forecasts are as follows:
- December 2025: 44.00
- March 2026: 45.00
- June 2026: 50.00
- December 2026: 55.00
- December 2027: 57.00
The report recalled that the dollar/TL is trading at the 42.32 level based on current pricing. In this context, it was stated that an increase of approximately 30 percent in the exchange rate could be on the agenda by 2026.
THE 60 TL THRESHOLD FOR EURO/TL
The forecasts announced for the Euro also drew attention. The bank's projections were shared as follows:
- December 2025: 51.48
- March 2026: 53.55
- June 2026: 60.00
- December 2026: 67.10
- December 2027: 68.40
According to Commerzbank's analysis, the euro/TL, which is currently at the 49.15 level, could rise by approximately 36.5 percent within a year.
EXPECTATION OF RAPID RISE AFTER 2026
The bank assessed that the euro/TL will exhibit an accelerating climb, especially from the middle of 2026, and will approach the 70 TL level by 2027.
In Commerzbank's analysis, it was emphasized that this upward trend in exchange rate expectations is linked to factors such as the inflation outlook, external financing needs, and uncertainties in global monetary policies.