TRY/JPY: what to know
The TRY/JPY rate shows how much JPY you get for 1 TRY. Right now, 1 TRY buys 3.4438 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.2904 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while JPY responds to Bank of Japan policy and global risk appetite.
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 Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the TRY/JPY rate has ranged between 3.4413 and 3.7198 — a change of -5.41% 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.