CHF/TRY: what to know
The CHF/TRY rate shows how much TRY you get for 1 CHF. Right now, 1 CHF buys 59.0359 TRY at the mid-market rate. In the other direction, 1 TRY is worth 0.0169 CHF.
In the short term CHF is driven mainly by safe-haven demand and SNB policy, while TRY responds to high inflation and central-bank policy.
The Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value. 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 CHF/TRY rate has ranged between 51.8920 and 60.1048 — a change of +15.12% 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.