RON/TRY: what to know
The RON/TRY rate shows how much TRY you get for 1 RON. Right now, 1 RON buys 10.6413 TRY at the mid-market rate. In the other direction, 1 TRY is worth 0.0940 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while TRY responds to high inflation and central-bank policy.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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 RON/TRY rate has ranged between 9.4934 and 10.7416 — a change of +11.96% 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.