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    Best USD to TRY Exchange Rates Compared Live

    The best USD to TRY exchange rate is 30.99. We compare conversion costs to this mid-market rate and other FX providers, find better rates & deals.

    US dollar to Turkish lira (USDTRY) rate guide contents:

    Compare USD-TRY exchange rates

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Turkish lira (TRY) rates from different sources before making a conversion.

    This Dollar to Lira comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest USD-TRY mid-rate and the possible savings of using another provider.

     

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    @bestfxrates : USDTRY hits 90-day peak near 30.92, up 3.8% from 3-mo avg of 29.77. Markets brace as Fed hints at July rate cut, while disaster-struck TRY faces policy shifts. FX analysts eye Fed's moves; economists predict USD pullback in future. Stay alert to market shifts for USDTRY transactions. #ForexUpdate #USDTRY #MarketWatch

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    USD to TRY Market Data

    US dollar (USD) to Turkish lira (TRY) market data - latest interbank mid-rate, trend, chart & historic rates.

     
    1 USD =
    30.99We compare provider deals to this wholesale mid-market rate. Read more
    TRY
    +0.3%
    📈3M
    USD to TRY is at 90-day highs near 31.01, 4.1% above its 3-month average of 29.8, having traded in a relatively stable 7.6% range from 28.83 to 31.01
    |
    Sell USD   →   Buy TRY
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    DateUSD/TRYChangePeriod
    07 Feb 2024
    30.60
    1.3% 2 Week
    23 Nov 2023
    28.84
    7.5% 3 Month
    21 Feb 2023
    18.87
    64.3% 1 Year
    22 Feb 2019
    5.3187
    483% 5 Year
    23 Feb 2014
    2.1785
    1323.5% 10 Year
    26 Feb 2004
    1.3292
    2233% 20 Year
    USD/TRY historic rates & change to 21-Feb-2024

    Forecasts for USD to TRY

     

    The USD to TRY exchange rate has witnessed considerable volatility and upward movement in recent months, with USD to TRY reaching 90-day highs near 30.92, reflecting a 3.8% increase compared to its 3-month average of 29.77. This surge in the exchange rate can be attributed to various factors affecting both the US Dollar and the Turkish Lira. The US Dollar has been under pressure as markets anticipate a potential rate cut by the Federal Reserve in July, a sentiment strengthened by recent Fed communications. Conversely, the Turkish Lira has experienced significant depreciation due to a series of natural disasters and evolving economic policies under President Recep Tayyip Erdoğan's new economic team.

    Read our full review of recent USD to TRY forecasts.

     

    How to get a good USD to TRY exchange rate

    There are several ways to save on exchange rates when converting US dollar to Turkish lira:

    1. Shop around for the best USD/TRY exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the USD/TRY rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and TRY at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying Turkish lira with US dollar, then it's better for the USD/TRY exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

    It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

    Will the US dollar rise against the Turkish lira?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add USD/TRY to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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    Read our Currency guide to Turkey - a practical currency and money guide to travel, living and doing business in Turkey with the Turkish lira.

     
     
     

    Country Currency Guides

    United StatesUnited States (USD)TurkeyTurkey (TRY)
     

    What prime property does $US1m buy in Istanbul?

    The area (㎡) of prime property that $US1million buys in Turkey's capital city Istanbul in Q1 2018 is 110㎡.

    This is compared to equivalent areas for Hong Kong 22㎡, London 27㎡, Singapore 37㎡, Paris 45㎡, Shanghai 50㎡, Tokyo 70㎡, Berlin 74㎡, Mumbai 94㎡, Dubai 138㎡ and San Paulo 172㎡.

    Read more at our Turkey (TRY) country guide

       
     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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