TRY/RUB: what to know
The TRY/RUB rate shows how much RUB you get for 1 TRY. Right now, 1 TRY buys 1.7478 RUB at the mid-market rate. In the other direction, 1 RUB is worth 0.5721 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while RUB responds to oil and gas prices and sanctions.
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 Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
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.