TRY · ₺
Turkish Lira (TRY)
The Turkish Lira (TRY) is the official currency of Turkey and the Turkish Republic of Northern Cyprus. Its value is determined by the Central Bank of the Republic of Turkey and market forces.
Convert this currency
Converted amount
0.0210 USD
Exchange rate
1 TRY = 0.020969 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
TRY · Turkish Lira
Turkish Lira (TRY) Overview
The Turkish Lira (TRY) has a long history dating back to the Ottoman Empire, but the modern lira was introduced in 2005 following a period of high inflation. The currency is issued and managed by the Central Bank of the Republic of Turkey, which implements monetary policy to maintain price stability. The lira is subdivided into 100 kurus, and banknotes and coins are available in various denominations.
As an emerging market currency, the TRY is subject to fluctuations driven by domestic economic conditions, political developments, and global market sentiment. Factors such as inflation rates, interest rate decisions, and geopolitical events can influence its exchange rate against other major currencies. The Turkish economy is diverse, with key sectors including manufacturing, agriculture, and tourism, all of which impact the demand for the lira.
For travelers and businesses, understanding the TRY is essential when engaging in transactions within Turkey. Exchange rates can vary between banks, exchange offices, and online platforms, so it is advisable to compare rates and be aware of any fees. While the lira has experienced volatility in recent years, it remains a vital component of Turkey's economic framework and a key currency in the region.
- Code
- TRY
- Symbol
- ₺
- Current rate
- USD / TRY
Currency information
Last updated · 8/7/2026
The Turkish lira was introduced in 1923, replacing the Ottoman lira. A new lira (TRY) was introduced in 2005, with the removal of six zeros.
- Official name
- Turkish Lira
- Legal tender status
- Legal tender in Turkey and Northern Cyprus
- Decimal places
- 2
- Minor unit
- Kuruş · 1 TRY = 100 Kuruş
- Countries
- Turkey, Northern Cyprus
- Issuing authority
- Central Bank of the Republic of Turkey
- Central bank
- Central Bank of the Republic of Turkey · Official website
- Exchange-rate regime
- Free-floating
Common banknotes
₺5 · ₺10 · ₺20 · ₺50 · ₺100 · ₺200
Common coins
1kr · 5kr · 10kr · 25kr · 50kr · ₺1
Also known as
TRY · TL · Turkish lira · ₺ · Lire turque
Practical notes
- The currency code TRY is used in international contexts.
- The symbol ₺ is used in Turkey.
Priority currency pairs
The most useful conversions for this currency.
Turkish Lira questions
What is the TRY exchange rate?
The displayed rate is the latest available reference rate for USD/TRY. It can change throughout the day.
How can I convert TRY online?
Use the converter above to calculate indicative amounts between TRY and the other supported currencies.