In January of 2005, a new version of the Turkish Lira was issued after the previous Lira's value fell so dramatically that the conversion was $1 to 1.5 million TRY. As the economy relies on foreign cash looking to earn short term profits on higher interest rates, any global headwinds and the subsequent risk off environment can lead to massive depreciations of the Lira. Although the nation wishes to join the Euro-Zone, political conditions in Turkey and economic issues in the EU continue to delay the process.
USD/TRY Data and Charts are delayed at least 20 minutes. Click here for live USD/TRY rates.
Weekly US Dollar and Turkish Lira Trading Forecast
|US Dollar Falls Despite Strong Payrolls Data - What Could Save it?||bearish|
US Dollar and Turkish Lira News
Get Started Trading
Free Forex Demo Account
To receive a free Practice Account, Please complete the form below.
You have successfully signed up for a demo account. Your username and password are below:
Our demo registration is currently unavailable due to routine weekend maintenance. When the system again becomes available, a representative will send your demo account login information to the e-mail address you provided.
Forex Capital Markets, LLC is a member of the National Futures Association. NFA #0308179