CAD/TRY: what to know
The CAD/TRY rate shows how much TRY you get for 1 CAD. Right now, 1 CAD buys 34.7505 TRY at the mid-market rate. In the other direction, 1 TRY is worth 0.0288 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while TRY responds to high inflation and central-bank policy.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira.
Over the past 12 months the CAD/TRY rate has ranged between 29.7391 and 35.1823 — a change of +17.63% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.