1. Exchange Rates
  2. United States dollar (USD)
  3. Turkish lira (TRY)

Convert USD to TRY at Best Exchange Rates


There are three amounts that you need to understand if you are to have any chance of getting the best possible USD to TRY rate, these are :

  1. The USD/TRY foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 United States dollar equals
Turkish lira 1=


Right now the USD/TRY market rate is and represents how many Turkish lira you can get for one United States dollar. You can calculate with the current mid-rate using our USD to TRY calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same USD/TRY market rate I see on Google or in the Media?

When you look up the current United States dollar to Turkish lira exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

USD to TRY mid-rate on google

USD to TRY mid-rate on google search

Getting a great USD to TRY mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below USD to TRY calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific United States dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

USD to TRY mid-rate calculator

$
1 USD equals
TRY 1USD=TRY


Compare rates for: Currency Exchange or Foreign Transfers
Loading USD/TRY Chart

United States dollar - market update

Chief among FX themes in 2017 was the dramatic weakness of the US dollar. The US Dollar Index’s fall in the last session of the year to 92.3 locked in an annual decline of 9.7% – the index’s worst performance since 2003. And worse is yet to come for the dollar in 2018, according to analysts.

President of Everbank, Chris Gaffney, said in December that he expected “more headwinds” for the US currency despite market expectations for at least two hikes in US interest rates in 2018.

Also in December, a Societe Generale analyst said: “With global growth becoming more balanced…the dollar looks expensive.”

TD Securities said that the macro landscape “should favour a steady depreciation of the dollar in 2018.”

With dollar weakness on the horizon, the most liquid of all dollar FX pairs, EUR/USD, is set to rise to 1.25 in the coming year, thinks UBS, from a Dec ’17 rate of 1.2.

ING sees EUR/USD even higher, at 1.3.

The dollar “will do best of all against the Japanese yen,” said UBS in December.

Turkish lira - market update

In the first nine months of 2017, the Turkish lira vastly underperformed other emerging market currencies.

This was the year in which those in Turkey would have hoped their national currency might buck its long-term downtrend and make gains against the dollar. The dollar had, after all, declined 10% to September 24th (per the US Dollar Index). Instead, the lira remained more or less flat on the year (strengthened 0.8%). By comparison, the Mexican peso, Thai baht and Russian ruble had strengthened 16.8%, 8.3% and 6.6% respectively.

In 2017, potential buyers of lira were once again being frightened away by inflation, which ticked back up into double figures in August (+10.7%). Annualized inflation came in at levels above 10% in six of the seven months between February and August.

In September, the team at TradingEconomics.com were bravely predicting a stronger lira by the end of September 2018. They saw USD/TRY falling to 3.13 (TRY/USD 0.319), from rates of 3.5 (TRY/USD 0.286) at the time of their prediction.

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