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Turkey flagTRYTurkish Lira

Turkish Lira (TRY)

The Turkish lira is the official currency of Turkey. The Central Bank of the Republic of Turkey is responsible for the country's monetary framework and banknote issuance. TRY is the ISO code used in international prices, payment records and exchange-rate data. One lira is divided into 100 kurus.

Convert TRYView TRY ratesView TRY historical rates
ISO code
TRY
Symbol
₺
Region
Europe
Currency type
Fiat currency
Exchange system
TRY operates under a floating exchange-rate regime rather than an official fixed parity against another currency.
Last reviewed

Convert this currency

TRY converter

Turkey flagTRY
0.020739 USD1 TRY = 0.02073871 USD
Convert TRY to USDHistorical rates

Rate date:

1 TRY = 0.02073871 USDRate date: Source: Frankfurter

Quick facts

TRY at a glance

CurrencyTurkish Lira (TRY)
Minor unitKurus
Central bank or issuing authorityCentral Bank of the Republic of Türkiye
Used inTurkey

Currency profile

How TRY works

The Turkish lira is the official currency of Turkey. The Central Bank of the Republic of Turkey is responsible for the country's monetary framework and banknote issuance. TRY is the ISO code used in international prices, payment records and exchange-rate data. One lira is divided into 100 kurus.

TRY conversions are useful for travel, trade, property and services connected with Turkey. CurrencyHub displays a dated reference calculation and preserves the exact direction of the pair. The value available from a bank, card, cash counter or payment service can differ because those providers set their own customer rates and processing times. Turkey is grouped with Europe in CurrencyHub's directory taxonomy so that country, currency, search and converter pages use one consistent region identifier.

  • Six zeros were removed in 2005 when the New Turkish lira entered circulation.
  • The word New was removed in 2009, returning the currency name to Turkish lira.

Context

Why this currency matters

TRY is a significant currency at the intersection of European, Middle Eastern and Asian trade routes. It is commonly compared with EUR, USD and GBP for tourism and commercial planning. Reference values can move materially between publication dates, so a historical estimate should not be silently reused as a current one. Showing the actual date and both ISO codes gives users a clearer basis for comparing a later bank, card or cash quotation. This makes time-sensitive budgets easier to review and update.

Monetary framework

Exchange arrangement

Official arrangement

TRY operates under a floating exchange-rate regime rather than an official fixed parity against another currency.

Reference-rate context

CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.

History timeline

Key dates for TRY

  1. Floating exchange rate adopted

    Turkiye adopted a floating exchange-rate regime in February 2001.

    Central Bank of the Republic of Turkiye - history

  2. Six zeros removed

    The New Turkish lira entered circulation at one new lira for one million old lira.

    Central Bank of the Republic of Turkiye - history

  3. Name returned to Turkish lira

    The New prefix was removed and the current Turkish lira note series entered circulation.

    Central Bank of the Republic of Turkiye - banknote issues

Usage and economy

How TRY is used

  • Domestic prices, wages and payments in Turkiye.
  • Travel, trade and comparisons with EUR, USD and neighboring currencies.

Country currency guides

Turkey flagTurkey

Banknotes and coins

TRY currency units

Banknotes

The Central Bank documents the banknote issues of the Republic of Turkiye.

Coins

Official Turkish currency information records coins as part of the lira and kurus decimal system.

Currency unit

One Turkish Lira unit is recorded with 2 decimal places and uses Kurus as its minor unit.

Popular currency pairs

Convert TRY

Open the TRY converter
Turkey flagUnited States flagTRYUSD1 TRY = 0.02073871 USDTurkey flagEuropean Union flagTRYEUR1 TRY = 0.01784193 EURTurkey flagUnited Kingdom flagTRYGBP1 TRY = 0.01529791 GBPTurkey flagJapan flagTRYJPY1 TRY = 3.314046 JPYTurkey flagChina flagTRYCNY1 TRY = 0.13934549 CNYTurkey flagSwitzerland flagTRYCHF1 TRY = 0.0167322 CHF

Related currencies

Currency relationships

Explore currencies connected through regional use, trade comparisons or monetary relationships.

European Union flagEUREuro
Convert TRY to EURView EUR profile
United States flagUSDUnited States Dollar
Convert TRY to USDView USD profile
United Kingdom flagGBPBritish Pound
Convert TRY to GBPView GBP profile
United Arab Emirates flagAEDUnited Arab Emirates Dirham
Convert TRY to AEDView AED profile
Saudi Arabia flagSARSaudi Riyal
Convert TRY to SARView SAR profile

FAQ

TRY questions

When were six zeros removed from the Turkish lira?

Six zeros were removed on January 1, 2005 when the New Turkish lira entered circulation.

When did the currency name return to Turkish lira?

The prefix New was removed on January 1, 2009.

Does TRY use a floating exchange rate?

The Central Bank records the adoption of a floating exchange-rate regime in February 2001.

Sources

Data and editorial review

Rate source: Frankfurter

Last reviewed:

Currency identity and cash information is checked against central-bank, government, ISO and official international sources.

Central Bank of the Republic of TürkiyeFrankfurter - Turkish Lira reference-rate coverageISO 4217 currency codesCentral Bank of the Republic of Turkiye - historyCentral Bank of the Republic of Turkiye - banknote issuesData sourcesEditorial policyMethodology