TRY/CHF: what to know
The TRY/CHF rate shows how much CHF you get for 1 TRY. Right now, 1 TRY buys 0.0167 CHF at the mid-market rate. In the other direction, 1 CHF is worth 59.8824 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while CHF responds to safe-haven demand and SNB policy.
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 Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value.
Over the past 12 months the TRY/CHF rate has ranged between 0.0166 and 0.0195 — a change of -14.46% 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.