TRY/NZD: what to know
The TRY/NZD rate shows how much NZD you get for 1 TRY. Right now, 1 TRY buys 0.0357 NZD at the mid-market rate. In the other direction, 1 NZD is worth 28.0311 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while NZD responds to soft-commodity prices and 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 New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the TRY/NZD rate has ranged between 0.0348 and 0.0421 — a change of -12.74% 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.