USD/TRY: what to know
The USD/TRY rate shows how much TRY you get for 1 USD. Right now, 1 USD buys 48.2028 TRY at the mid-market rate. In the other direction, 1 TRY is worth 0.0207 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while TRY responds to high inflation and central-bank policy.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. 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.
Over the past 12 months the USD/TRY rate has ranged between 41.2700 and 48.5967 — a change of +17.75% 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.