How to read USD to TRY
USD to TRY is the number of TRY (Turkish Lira) that 1 USD (US Dollar) buys.
The European Central Bank publishes its reference rates against the euro, so USD to TRY is a cross rate, derived from the two published figures for USD and TRY. The rate for this pair is (TRY per EUR) ÷ (USD per EUR).
Who converts USD to TRY
Dollars to lira is a pair people check often because the lira has changed a great deal in value against major currencies in recent years. Tourists planning a trip to Istanbul or the Turkish coast, expatriates, importers, exporters and people sending money to relatives all use it. With a currency that moves quickly, the age of a rate matters more than usual: a figure from last year can be far from today's.
Facts about this pair
- USD is ISO 4217 code 840 and TRY is code 949; the three letter codes are what the converter and the ECB use to tell currencies apart.
- Both currencies are written with 2 decimal places in ISO 4217, so a result in TRY is rounded to 2 decimal places.
- The reverse pair is the reciprocal: the TRY to USD rate is 1 divided by the USD to TRY rate, apart from rounding.
The US Dollar and the Turkish Lira
| Detail | US Dollar | Turkish Lira |
|---|---|---|
| ISO code | USD | TRY |
| Symbol | $ | ₺ |
| Central bank | The Federal Reserve System | The Central Bank of the Republic of Turkey |
| Minor unit | cent, 1/100 of the main unit | kurus, 1/100 of the main unit |
| Used in | The United States and its territories, and it is official or widely used in some other economies such as Ecuador and El Salvador | Turkey |
It is the most widely held reserve currency, and many commodities, including crude oil, are priced in it. The lira has lost a large part of its value against major currencies over the past decade, so old exchange rates are a poor guide to current prices.
Getting a fair rate on USD to TRY
Turkey has many currency exchange offices, and their rates differ from one to the next. Compare two or three, and check the reference rate on this page first so you know what a fair mid-market figure looks like. Avoid exchanging at airports if you can, where the spread is usually widest.
Because the lira can move quickly, avoid converting a large sum long before you need it if you can, and avoid keeping a rate quote for days. For a holiday, a sensible approach is to convert small amounts as you go, using a card with no foreign fee or cash from a reputable exchange office. Keep your receipts, and check the rate on this page again before each larger exchange.
The lira sign was introduced in 2012. Older price lists and shop signs may write TL instead, and TRY is the code. All of them refer to the same currency.
Where the rate comes from
The rate loads in your browser from Frankfurter, which republishes European Central Bank reference rates. They are published on working days for information only, and a bank is not obliged to deal at them. If the service cannot be reached the page shows no number, except a rate saved in your browser within six hours, marked as cached. How the rates work is explained on the currency pairs page. Nothing here is financial advice.
FAQ
Why does the lira rate change so much?
The lira has been among the more volatile major currencies against the dollar over the past decade. Always check the date of the rate and avoid using an old figure for current prices.
What does the date next to the rate mean?
It is the day the European Central Bank published that reference rate. For a fast moving currency, a rate from a few days ago can be noticeably different from today's market.
Do Turkish shops use the same rate as this page?
Not exactly. Shops that accept dollars or euros set their own conversion, and exchange offices add a spread. Use the page as a benchmark rather than a promise.
Can I convert lira to dollars here?
Yes. Press the swap button and enter the lira amount to see the dollar value at the same reference rate.
More currency pairs
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