US Dollar – Turkish Lira Chart

TRY is short for Turkish Lira. The price of USD/TRY tells how many TRY are needed to buy one U.S. dollar After the failure of the old version Lira, which depreciated against the USD to $1 to 1.5 million TRY. The Turkish government issued a new version Lira. The Turkish economy relies heavily on foreign capital flows, as a result, the Turkish central bank employs a high interest. However, when there is any headwinds in global economy, the Lira will become vulnerable.