The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
TRY to USD Market Data
Turkish lira (TRY) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
TRY to USD is at 90-day lows near 0.023281, 1.6% below its 3-month average of 0.023664, having traded in a very stable 3.4% range from 0.023281 to 0.024061
Is the TRY to USD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Turkish lira against the US dollar is to review how the TRY/USD rate has changed over time.
The table below shows the percentage change in the TRY to USD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The recent exchange rate forecasts for the Turkish Lira (TRY) against the US Dollar (USD) reflect a complex interplay of political, economic, and monetary policy factors.
Current market bias: Bearish.
Key drivers:
- The Federal Reserve is likely to cut rates, weakening the USD.
- The Turkish Central Bank also plans significant rate cuts, which may further undermine the TRY.
- Turkey’s economic outlook hints at a reduced current account deficit, but external debt remains a risk.
Near-term range: The USD/TRY exchange rate is expected to trade within a stable range, slightly lower from current levels.
What could change it: An upside risk could be a surge in global commodity prices boosting Turkish exports and supporting the lira. On the downside, unexpected economic weakness in Turkey could raise concerns, leading to additional depreciation of the lira.
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USD to TRY is bearish as a mix of expected rate cuts from the Fed & the Turkish Central Bank weigh on the currencies. Risky economic outlooks for Turkey could drive further depreciation, while surging commodity prices might lend support to the TRY
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TRY to USD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Turkish lira are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different TRY amounts at today’s rate * :
What is the
best Send Money conversion rate for TRY to USD?
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Turkish lira (TRY) to US dollar (USD) rates from different sources before making a conversion.
The above
Lira to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest TRY-USD mid-rate and the possible savings of using various providers.
How do TRY-USD rates compare between providers?
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.