NOK/TRY: what to know
The NOK/TRY rate shows how much TRY you get for 1 NOK. Right now, 1 NOK buys 5.2038 TRY at the mid-market rate. In the other direction, 1 TRY is worth 0.1922 NOK.
In the short term NOK is driven mainly by oil and gas prices, while TRY responds to high inflation and central-bank policy.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. 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 NOK/TRY rate has ranged between 4.1048 and 5.2728 — a change of +24.72% 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.