TRY/AUD: what to know
The TRY/AUD rate shows how much AUD you get for 1 TRY. Right now, 1 TRY buys 0.0290 AUD at the mid-market rate. In the other direction, 1 AUD is worth 34.5376 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while AUD responds to commodity prices and Chinese demand.
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. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the TRY/AUD rate has ranged between 0.0286 and 0.0371 — a change of -20.93% 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.