USD vs TRY
🇹🇷1 USD = 47.22 TRY
Rates as of 2026-07-22 · Source: European Central Bank
Quick Stats
Historical Comparison
USD / TRY| Period | Then | Now | Change | Trend |
|---|---|---|---|---|
Source: European Central Bank via Frankfurter API
About USD / TRY
🇺🇸 USD — US Dollar
The United States Dollar is the world's primary reserve currency and the most traded currency in the foreign exchange market. It serves as the standard unit of currency in international markets for commodities such as gold and oil.
🇹🇷 TRY — Turkish Lira
The Turkish Lira is the official currency of Turkey. It has experienced significant volatility in recent years, making it a closely watched emerging market currency in global forex markets.
Key Factors Affecting USD/TRY
🇺🇸 USD Drivers
- Federal Reserve interest rate decisions
- US employment and inflation data
- Global risk sentiment and safe-haven demand
- US trade balance and fiscal policy
🇹🇷 TRY Drivers
- Central Bank of Turkey interest rate decisions
- Turkish inflation rates and economic policy
- Geopolitical developments in the region
- Foreign investment flows and current account balance
💡 Did You Know? — USD
About 60% of all foreign exchange reserves held by central banks worldwide are denominated in US dollars.
💡 Did You Know? — TRY
Turkey redenominated its currency in 2005, removing six zeros — so 1,000,000 old Turkish lira became 1 new Turkish lira.
Economy Overview
🇺🇸 United States
The US has the largest economy in the world by nominal GDP. The Federal Reserve (Fed) manages monetary policy, and its interest rate decisions have a significant impact on the dollar's value globally.
🇹🇷 Turkey
Turkey has a large and diversified economy, strategically positioned between Europe and Asia. It is a major manufacturer and exporter of textiles, automotive parts, and agricultural products.