Turkish Lira (TRY/IRR) Hits Highest Point in 90 Days
The Turkish Lira (TRY/IRR) reached a new 90-day high of 42000 IRR on August 23, 2026, surpassing its previous 90-day peak. This significant move extends a fi...
The Turkish Lira (TRY/IRR) reached a new 90-day high of 42000 IRR on August 23, 2026, surpassing its previous 90-day peak. This significant move extends a five-day consecutive upward trend, marking a notable shift in its recent trading range on the Iran free market.
Interactive price chart
Event Details
During the August 23 session, the Turkish Lira traded as high as 42000 IRR, establishing a new 90-day high. This print exceeded the prior 90-day record of 41750 IRR. The currency opened at 41400 IRR and closed at 41800 IRR, registering a daily return of 3.72%. The intraday range for the session was 1.67%. The closing price of 41800 IRR also represents the highest close recorded in the last 30 days.
Technical Context
The session's high of 42000 IRR pushed the Turkish Lira above its upper Bollinger Band of 41314.81 IRR, indicating strong upward momentum. The Stochastic RSI (14) registered 100.0, suggesting the asset is in overbought territory, a condition also supported by the CCI (20) at 222.47. The price is trading above its 20, 50, and 200-day Simple Moving Averages, reinforcing a bullish trend. However, the ADX (14) at 14.91 suggests the overall trend strength is not yet robust despite the recent price surge.
Historical Context
The current 90-day high follows a period of increasing strength for the Turkish Lira, marked by five consecutive days of gains. The previous 90-day high was 41750 IRR, indicating the current move represents a clear break above recent resistance. The current closing price of 41800 IRR is the highest close observed in the last 30 days, highlighting the recent acceleration in value.
Conclusion
The Turkish Lira's ascent to a new 90-day high, coupled with a five-day winning streak and a 30-day high close, signifies a notable reset of its recent market extreme. The session's high also matched the upper Donchian Channel, underscoring the extent of the recent upward movement and establishing a new benchmark for the currency.
Live rates
Track the latest Turkish Lira (TRY/IRR) session on Iran Market Data.