TRY/SGD: what to know
The TRY/SGD rate shows how much SGD you get for 1 TRY. Right now, 1 TRY buys 0.0265 SGD at the mid-market rate. In the other direction, 1 SGD is worth 37.7914 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while SGD responds to the MAS-managed currency basket.
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 Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Over the past 12 months the TRY/SGD rate has ranged between 0.0261 and 0.0311 — a change of -15.91% 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.