Convert USD to TRY - US Dollar to Turkish lira Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE USD/TRY EXCHANGE RATE
In the forex market, the USD/TRY currency pair symbol represents the trading of the US dollar against the Turkish lira - one of the least stable currencies that has undergone several rounds of devaluation. While the US dollar remains the most popularly traded currency among forex traders worldwide, the Turkish lira holds the distinction of being one of the world's least valued currencies.The TRY is the official currency in use across Turkey as well as the Turkish Republic of Northern Cyprus. The Turkish lira was once pegged to the British pound and the French franc, and then in 1946, its value was pegged to the USD, even though it underwent several rounds of devaluation. While it is no longer officially pegged to the US dollar, the Turkish government intervenes frequently to influence the value of the TRY.Geopolitical and economic troubles recently caused the exchange rate of the USD/TRY to appreciate by over 20% on 10 August 2018. In addition to these uncertainties, the TRY is also plagued by a ballooning debt crisis in Turkey, which has caused inflation to surge even as the government pressures the Central Bank of Turkey to keep interest rates low. Since 2008, the TRY has lost over 4000% of its value against the USD as well as the GBP.
USD to TRY CONVERSION RATES
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TRY
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TRY
USD
<% amount / currencies.converter.rate |toFixed: 4 %> USD
USD to TRY CHARTS
USD/TRY Live Chart
USD/TRY Historical Chart
USD to TRY EXCHANGE RATE - FAQ
What was the highest value of USD/TRY in 2020?

The USD/TRY currency pair touched a high of 8.5876 on 6 November 2020. This was the strongest level this pair traded at during 2020.

What was the weakest value of USD/TRY in 2020?

The USD/TRY forex pair touched a low of 5.8350 on 16 January 2020. This was the weakest level this pair traded at during 2020.

What is a good time to trade USD/TRY?

USD/TRY experiences considerable volatility throughout the European and US sessions. This pair is best traded between 07:00 AM GMT and 08:00 PM GMT.