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    OFX USD to TRY Exchange Rates Compared Live

    Our OFX USD to TRY transfer rate is 34.06. This is -0.5% below the mid-rate. Compare OFX currency conversion rates - Reduce FX costs.

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    As of Nov 7, the USD/TRY exchange rate remains near 34.20, with the dollar gaining traction post-Trump's election win amid expectations for sustained Fed rate hikes. Meanwhile, the TRY struggles at record lows due to economic challenges. Analysts foresee potential volatility ahead. 07-Nov

     
     

    What is the OFX Send Money conversion rate for USD to TRY?

    The OFX USD to TRY exchange rate is 34.06. This is -0.5% compared to the mid-market rate 34.23.

    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.

     

    Compare Rates

     

    The OFX Dollar to Lira comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest USD-TRY mid-rate (see Market Data below ) and the possible savings of using various providers. 

     
     

    OFX at a glance:

    OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

    OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

    OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

    When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

    Learn more about OFX

    Using OFX for money transfers offers the benefit of lower fees and competitive exchange rates compared to traditional banks, making international transactions more cost-effective.

    Additionally, OFX provides 24/7 customer support, a range of transfer options including spot and forward contracts, and a user-friendly online platform, enhancing convenience and flexibility for global financial transactions.

    What Savings Can I Expect with OFX?

    OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.

    When you register via our OFX 0.5% exclusive offer for BER users the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.

    For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.

     
     

    USD to TRY Market Data

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

     
    1 USD =
    34.23We compare provider deals to this wholesale mid-market rate. Read more
    TRY
    +0.1%
    2W
    USD to TRY at 34.24 is just above its 3-month average, having traded in a very stable 2.5% range from 33.49 to 34.34
    |
    Sell USD   →   Buy TRY
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    DateUSD/TRYChangePeriod
    24 Oct 2024
    34.30
    0.2% 2 Week
    09 Aug 2024
    33.49
    2.2% 3 Month
    08 Nov 2023
    28.52
    20% 1 Year
    09 Nov 2019
    5.7607
    494.2% 5 Year
    10 Nov 2014
    2.2591
    1415.2% 10 Year
    12 Nov 2004
    1.4517
    2257.9% 20 Year
    USD/TRY historic rates & change to 07-Nov-2024
     

    What are equivalent amounts of USD and TRY?

    Here are some popular conversion amounts for USD to TRY (US dollar to Turkish lira)*.

    USD TRY
    $ 1 34.23
    $ 5 171.15
    $ 10 342.30
    $ 20 684.60
    $ 50 1,712
    $ 100 3,423
    $ 250 8,558
    $ 500 17,115
    $ 1,000 34,230
    $ 2,000 68,460
    $ 5,000 171,150
    $ 10,000 342,300
    $ 20,000 684,600
    $ 50,000 1,711,500
    $ 100,000 3,423,000
    USD TRY
    $ 0.0292 ₺ 1
    $ 0.1461 ₺ 5
    $ 0.2921 ₺ 10
    $ 0.5843 ₺ 20
    $ 1.4607 ₺ 50
    $ 2.9213 ₺ 100
    $ 7.3033 ₺ 250
    $ 14.61 ₺ 500
    $ 29.21 ₺ 1,000
    $ 58.43 ₺ 2,000
    $ 146.07 ₺ 5,000
    $ 292.13 ₺ 10,000
    $ 584.26 ₺ 20,000
    $ 1,461 ₺ 50,000
    $ 2,921 ₺ 100,000

    More amounts

    *Converted at the current USDTRY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

     
     

    Forecasts for USD to TRY

     

    Recent analysts' forecasts suggest that the USD to TRY exchange rate will be influenced by both domestic and international factors. Following Donald Trump’s election victory, the US dollar experienced a significant surge, driven by market expectations of a low-tax, pro-business agenda that may enhance US economic growth and propel inflation. FX analysts believe that this environment could prompt the Federal Reserve to maintain higher interest rates for a longer period, as illustrated by the rise in Treasury yields. Therefore, the market anticipates sustained support for the dollar in the short term, with potential fluctuations limited by the forthcoming Fed rate decision.

    Read our full review of recent USD to TRY forecasts.

     
    USD note

    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.

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

    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.

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    Compare Rates

    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.

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

     
     

    Currency Country Guides

    United StatesUnited States (USD)TurkeyTurkey (TRY)
     

    ### What prime property does $US 1million buy in Istanbul? The area (㎡) of prime property that $US 1million 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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