Live Exchange Rates - USD/TRY
Current tradable exchange rates, live from OANDA fxTrade
Understanding live exchange rates
OANDA is electronically connected to numerous global banks to access the best currency rates for its forex traders, and electronic algorithms on OANDA’s fxTrade servers update exchange rates tick-by-tick, in periods of less than a second. The currency rates shown on this page are updated less frequently, but are still a close reflection of the rates available to forex traders right now.
USD/TRY at a Glance
U.S. Dollar (Currency code: USD)
- Central bank: The Federal Reserve System (also known as the Federal Reserve, or the Fed)
- The USD (also called the greenback or buck) is the de facto global currency. Most commodities (including gold and oil) are priced in USD.
- The U.S.A. has by far the largest economy in the world.
- America faces challenges from developing economies, and has consistently large trade deficits with other nations.
Turkish Lira (Currency code: TRY)
- Central bank: The Central Bank of the Republic of Turkey
- Turkey’s economy is increasingly driven by industry and service sectors: automotive, construction, electronics.
- Many Turks are still employed in traditional sectors: agriculture, or textiles and clothing.
- The Yeni Türk Lirası (New Turkish lira, YTL) was introduced on January 1, 2005 to remove six zeroes. On January 1, 2009 all old liras were removed from circulation and the “new” currency again became the “lira” (TRY).