About the liră turcească to dolar american exchange rate
The TRY/USD pair shows how many dolar american (USD) one liră turcească (TRY) buys. Eulerpool publishes the live mid-market rate together with a converter, a one-year chart and conversion tables so you can value cash, invoices and investments in both currencies.
TRY/USD is quoted as USD per one TRY. At 0,0203, 1 TRY equals 0,0203 USD and 1 USD equals 49,140 TRY. The inverse pair is USD/TRY.
The rate moves with interest-rate differentials, inflation, growth and capital flows between the liră turcească and dolar american areas. Treasury teams, investors and travelers use TRY/USD to convert prices, hedge FX risk and compare returns.
How TRY/USD is quoted
In TRY/USD, TRY is the base currency and USD is the quote currency: the price is how many dolar american buy one liră turcească. A rise in TRY/USD means liră turcească strengthened against dolar american; a fall means liră turcească weakened.
What drives the liră turcească to dolar american rate
The TRY/USD rate mainly reflects the policy-rate gap, relative inflation, current-account balances and risk appetite between the liră turcească and dolar american economies. CPI, employment, GDP surprises and central-bank decisions typically cause the largest daily moves.