TRY/RON: what to know
The TRY/RON rate shows how much RON you get for 1 TRY. Right now, 1 TRY buys 0.0940 RON at the mid-market rate. In the other direction, 1 RON is worth 10.6413 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while RON responds to regional sentiment and euro moves.
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 Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
Over the past 12 months the TRY/RON rate has ranged between 0.0931 and 0.1053 — a change of -10.68% 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.