1 USD = 6.6966 TRY
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What's in this US Dollar to Turkish Lira guide?
To calculate your own USD/TRY amounts use our Convert USD to TRY quick calculator.
Comparing Foreign Exchange Providers
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.
The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for USD/TRY International Money Transfers. Costs are calculated against the current interbank mid-rate.
| Foreign Transfer Provider | Receive TRY(₺) | Exchange Rate | Fee USD | Deal Links |
|---|---|---|---|---|
 | ₺65,815 1.25% Best Overall | 6.5815 | 0 | |
 | ₺65,062 2.38% ₺753 less | 6.5062 | 0^ | |
Banks - Average Rate     Average bank rate | ₺63,212 5.16% ₺2,603 less | 6.3582 | 15 |
Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.
| Travel Money Provider | Amount TRY(₺) | Exchange Rate | Fee USD | Deal Links |
|---|---|---|---|---|
 | ₺5,897.5 11.51% Best Overall | 5.8975 | 0^ | |
Banks - Average Rate Average bank rate | ₺5,663 15.03% ₺234 less | 5.7206 | U$10 |
Country Guides (USD & TRY)
 United States (USD) |  Turkey (TRY) |  East Timor (USD) |
 Ecuador (USD) |  El Salvador (USD) |  British Virgin Islands (USD) |
 US Virgin Islands (USD) |  Caribbean Netherlands (USD) |  Turks and Caicos Islands (USD) |
 Zimbabwe (USD) |
USD and TRY in the Markets
When determining the best time to make a foreign exchange transaction, in this case the USD vs TRY, you should pay attention to the recent market trends for both currencies.
US Dollar (USD)
Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.
The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.
At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.
Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.
Read more in the article USD Forecasts.
Turkish Lira (TRY)
In the second half of April, the lira slipped to its weakest level in 6 months against the dollar, at ₺5.83. It was 11.5 percent lower than its strongest level from January, but was 21.5 percent higher than its 2018 low (2018 was a crisis year for the lira).
In April, Turkey described a reform package aimed at lifting the economy out of recession. The package included billions injected into banks, reduced tax exemptions, lower corporate tax rates and a crackdown on the shadow economy; however, ratings agencies did not see many positives in the plans due to inadequate details.
TradingEconomics.com sees the lira quoted 5 percent weaker against the dollar in April 2020, at ₺6.14.
How to get Best USD to TRY Exchange Rates
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).
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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
What is a good USD to TRY exchange rate?
This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.
The following table looks at the change in the USD to TRY exchange rate to the present day for periods going back upto 10 years.
When is the best time to exchange USD to TRY?
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.
We help you Save Money on Exchange Rates.
View all USD Exchange Rates
