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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey Foreign Exchange Reserves climbed to 57.58B in May 2025
FMPMonthlyReleased May 2025
Turkey Foreign Exchange Reserves climbed to 57.58B in May 2025, up 6B from April's 51.58B reading. The print exceeded the 45B consensus by 12.58B. The print is running well below the 12-month average of 82.64B. Over the past 3 months, Foreign Exchange Reserves averaged 83.74B, vs 94.51B in the prior 3-month window. The reading is in the 7th percentile of the trailing 24-month range.
Latest Release
57.58
Actual
45
Consensus
51.58
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/TRY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/TRY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Foreign Exchange Reserves (Turkey) was reported at 62.40 in July 2026. The reading fell from the previous value of 65.43. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 74.03, ranging from 53.12 to 91.09 across 45 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 64.98, up from the prior three at 58.57. Volatility over the past year (σ 12.35) is comparable than the prior year (σ 12.53). In July readings over the past 3 years, Foreign Exchange Reserves has averaged 76.81.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/TRY (Bullish TRY). A secondary relationship exists with EUR/TRY, negatively correlated (Bullish TRY).
WHAT TO WATCH NEXT
The next release is scheduled for August 6, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Aug 3) and Inflation Rate YoY (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Foreign Exchange Reserves - TR
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About Foreign Exchange Reserves — Turkey
DEFINITION
Foreign Exchange Reserves refer to the amount of foreign currency held by a country's central bank. These reserves are used to maintain stability in the country's currency and to fulfill international payment obligations. They serve as a measure of a country's economic strength and ability to withstand external shocks. Foreign Exchange Reserves are an important financial indicator for investors and policymakers, providing insight into a country's monetary policy and its ability to manage its currency.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 62.4 B. Prior reading (Jul 2026): 65.43 B. Before that (Jul 2026): 67.12 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/TRY (Bullish TRY, r=-0.50) — a useful reference for forex-focused traders.
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Economic Calendar - TR Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | TR | Tourism Revenues | 15.9 | 9.9 | 18 | 16.95 | Low |
| 07:00 | TR | Exports | 24.9 | 22.4 | 24.94 | 25.91 | Low |
| 07:00 | TR | Imports | 35.3 | 28.1 | 35.3 | 36.40 | Low |
| 07:00 | TR | Balance of Trade | -10.37 | -5.65 | -10.4 | -10.52 | Medium |
| 08:00 | TR | Tourist Arrivals YoY | -4.02 | -3.58 | -3 | -3.51 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | TR | Producer Price Index YoY | 28.09 | 27.4 | 27.45 | Low | |
| 07:00 | TR | Inflation Rate MoM | 0.99 | 1.83 | 2.28 | Medium | |
| 07:00 | TR | Producer Price Index MoM | 1.8 | 1 | 1.30 | Low | |
| 07:00 | TR | Inflation Rate YoY | 32.11 | 31.8 | 32.36 | Medium | |
| 07:00 | TR | Istanbul Chamber of Industry Manufacturing PMI | 47.1 | 47.5 | 46.25 | Low | |