TRY/CAD: what to know
The TRY/CAD rate shows how much CAD you get for 1 TRY. Right now, 1 TRY buys 0.0288 CAD at the mid-market rate. In the other direction, 1 CAD is worth 34.7505 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while CAD responds to oil prices and the US economy.
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 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”.
Over the past 12 months the TRY/CAD rate has ranged between 0.0284 and 0.0336 — a change of -14.99% 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.