According to OVP data; 4-year dollar forecast! It will reach 42 liras in 2025.

Vice President Cevdet Yılmaz announced the Medium-Term Program (MTP) covering the years 2025-2027. In the meeting where the 3-year roadmap of the economy was announced, it was stated that inflation is expected to decrease to 17.5% in 2025 and to single digits in 2026.

According to the MTP, the estimated dollar/TL exchange rate for 2024 is announced as an average of 33.2. The previous estimate was that the dollar would be 23.9 TL. In order for the dollar/TL to close the year 2024 with an average of 33.2, the average exchange rate for the remaining of the year should be 35.56 TL.

The dollar/TL exchange rate forecasts for the coming years are as follows:

• 2025: 42 TL (Previous: 43.9 TL)
• 2026: 44.4 TL (Previous: 47.8 TL)
• 2027: 46.9 TL

Accordingly, the average appreciation of the dollar/TL exchange rate by years is expected as follows:

• 2025: 26%
• 2026: 5.7%
• 2027: 5.5%

"WE ARE NOT MAKING AN EXCHANGE RATE FORECAST"

Answering questions after the announcement of the MTP, Yılmaz responded to the question about exchange rate forecasts as follows: "We have a floating exchange rate regime. It started in 2001 and continues. In a floating exchange rate regime, we do not have any exchange rate forecast or target. The market conditions of supply and demand will determine it. But we prepare a document. We have to make a calculation. Our method is that we base it on the expectations of market actors until the end of this year. The exchange rate taken into account until 2024 is the basis. For the following years, we make calculations assuming the value appreciation or depreciation of the TL. We are not making an exchange rate forecast. We share the calculations we made based on assumptions."

Here is the 4-year dollar forecast according to the MTP data;