USD to Turkish lira: Convert USD To Lira

USD to Turkish lira

If you are looking to exchange your dollars for Turkish Lira, you’ll want to start by using a currency converter. This will help you figure out the exchange rate and make sure you are getting the best deal. You can also use a foreign exchange broker to get a better rate.

USD to Turkish Lira

The Turkish Lira has been under pressure since the US went into a trade war with Turkey. The currency is down by almost 20% against the USD during this time. However, there are still some ways to get the Turkish Lira while avoiding the risks of trading it.

USD Rate History

Since the start of 2016, the Turkish Lira has been weakening against the US Dollar. The USD/TRY rate reached a historic low of 6.32 on January 20th before rebounding somewhat to 6.58 by February 3rd. However, on February 15th the Turkish Lira experienced its biggest ever single-day depreciation, falling by more than 12% against the USD in just one day.

This unprecedented fall in the Turkish Lira has had a significant impact on inflation rates and consumer prices in Turkey, as well as foreign exchange reserves and the country’s debt profile. The implications of this fall are still being assessed, but so far it has caused widespread financial instability and contributed to a dangerously high level of corporate debt maturity in Turkey.

The Turkish Lira is down about 40% against the USD since December 2015, when it was worth around TL4.20 to the US Dollar.

What is the Turkish Lira?

The Turkish Lira is the currency of Turkey. It is divided into 100 kuruş. The Turkish Lira was introduced on October 1, 1961.

History of the Turkish Lira

The Turkish Lira is the currency of Turkey. It is divided into 100 kuruş. The first Turkish Lira was issued on January 1, 1960. The Turkish Lira was replaced by the New Turkish Lira on November 15, 2002.

How to Convert USD to Turkish Lira

If you are looking to convert US dollars to the Turkish lira, there are a few steps you will need to take. The first step is to find out the value of the Turkish lira in US dollars. You can use an online exchange or a currency converter. Once you have found the value, you can convert your US dollars into Turkish lira.

What are the Major Trading Currencies?

The U.S. Dollar and the Turkish Lira are two of the most commonly traded currencies in the world. Both currencies are fiat currencies, which means that their value is based on how much people are willing to trade them for other currencies. The U.S. Dollar is generally more sought after than the Turkish Lira, partly because it is more valuable and partly because there are more U.S. Dollar exchanges available than Turkish Lira exchanges.

Conclusion

The Turkish Lira weakened against the US Dollar on Thursday, October 12th as investors reacted to failed talks between Turkey’s President Recep Tayyip Erdoğan and Fethullah Gülen, a Muslim cleric charged with orchestrating a 2016 coup attempt. The lira USDTUSD, -0.3605% was down 1.7% at 6.4970 to the dollar at 4 p.m., according to FactSet data, while the euro EURTRYP, +0.9212% was up 0.5%.