USD to TRY mid-rate = 5.2987
Right now the USD/TRY market mid-rate is 5.2987 and represents ideally how many Turkish Lira you can get for one United States Dollar.
You can calculate equivalent United States Dollar to Turkish Lira currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for USD to TRY transfers or buying TRY travel money.
USD / TRY Converter
5.2987 Turkish Lira
Compare how much you can save on
USD/TRY exchange rates for:
| TRY Country Guides |
|---|
 Turkey |
United States Dollar to Turkish Lira (USD-TRY) - 10 Year History
The below table shows the historic variation in the USD/TRY exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of USD versus other currencies : USD historical charts.
| Date | Exchange Rate | Period | Change |
|---|---|---|---|
| 09 Dec 2018 | 5.3030 | Latest | |
| 02 Dec 2018 | 5.1975 | 1 Week | +2.03% |
| 09 Nov 2018 | 5.4604 | 1 Month | -2.88% |
| 12 Jun 2018 | 4.5883 | 6 Months | +15.58% |
| 09 Dec 2017 | 3.8380 | 1 Year | +38.17% |
| 09 Dec 2016 | 3.4636 | 2 Years | +53.11% |
| 10 Dec 2013 | 2.0275 | 5 Years | +161.55% |
| 11 Dec 2008 | 1.5458 | 10 Years | +243.06% |
Best Rates for USD/TRY Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from USD to TRY.
Compare USD to TRY Foreign Transfers vs the Banks
| Providers | Amount TRY | Exchange Rate | Fee USD | Total Cost | Transfer Speed | Transfer Services | Reviews | Deal Links |
|---|---|---|---|---|---|---|---|---|
 OFX | ₺52,330 TRY Top Provider | 5.233 | 0^ | 1.17% | 1-2 days | Online, Bank Account to Bank Account |  | |
 WorldFirst | ₺52,740 TRY ₺TRY410 more | 5.274 | 0 | 0.4% | 1-2 days | Online, Bank Account to Bank Account | | |
Banks - Average Rate     | ₺50,892.25 TRY ₺TRY1,438 less | 5.1190 | 15 | 3.89% | 2-3 days | Online, Branch, Bank Account to Bank Account | Bank Average |
The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
Compare USD to TRY Travel Money Exchange Rates vs the Banks
| Providers | Amount TRY | Exchange Rate | Fee USD | Total Cost | Reviews | Deal Links |
|---|---|---|---|---|---|---|
Banks - Average Rate | ₺4957.11 TRY ₺TRY0.51 less | 5.0077 | $10 | 6.38% | Bank Average | |
 Travelex Online US | ₺4721.10 TRY ₺TRY237 less | 4.7211 | 0^ | 10.84% |
Why can't I just get the USD/TRY market rate I see on Google or in the Media?
The USD/TRY mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / TRY was traded (bought or sold) in the international markets.
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.
The closer your final exchange rate is to the market USD/TRY midrate the better deal you are getting.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
The three things you need in order to get a good USD to TRY exchange rate
- Know the latest USD/TRY market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency News, Research and Forecasts for United States Dollar and Turkish Lira
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.
So it follows that if you are determining the best time to transact, in this case the USD vs TRY, you should pay attention to both United States Dollar and Turkish Lira news and forecasts.
United States Dollar (USD) - Market news and forecasts
2018 has been a good year for the dollar; certainly much better than 2017, in which the world’s reserve currency lost 10 percent of its value on a trade-weighted basis. Entering the third week of November 2018, the dollar stood nearly 5 percent higher than its level on January 1st. The dollar benefitted in the month leading up to this report from Brexit uncertainty in Europe and from a collapse in the oil market, which saw its value rise against petro-currencies.
Seasonality becomes an important supporting factor for the dollar approaching year-end, and especially in November. Since 2010, the dollar has averaged trade-weighted gains of 1.8 percent in November and 0.2 percent in December.
In September, Citibank said of the dollar’s 6-12-month outlook that 3-4 percent upside was likely, followed by an 11 percent loss in the long term. It predicted EUR/USD climbing as high as $1.30, from levels in the high $1.13s at the time of writing.
Like Citi, ING remain long-term bearish on the dollar. ING isn't ruling out interventions and jawboning from Washington aimed at weakening the dollar. President Trump clearly would like a far weaker currency.
J.P. Morgan said in November that the dollar would be worth slightly more in the first half of 2019, before weakening slightly in the second half of the year.
Turkish Lira (TRY) - Market news and forecasts
By early October, the Turkish lira had stabilized, albeit at low levels, following a full-on crisis in August, during which the lira fell at an alarming rate.
Between January and August 13th, the lira lost 46 percent of its value. By October 8th (the day of this report), at a rate of 6.1 to the US dollar, the lira’s loss for the year was down to 38 percent — better, but still disturbing.
Reasons for lira weakness are aplenty, and include high inflation, which neared 25 percent for the year to September; a deterioration in Washington-Ankara relations; threats to global trade from this year’s massive US tariffs; suspicions of political interference in matters of monetary policy; and firmer US yields and the firmer dollar, which make foreign loan repayments more expensive.
In October, ING warned against holding emerging market currencies like the lira; it suspected trade tensions would return following November’s US mid-term elections.
