exotic pair · USD/TRY
US Dollar to Turkish Lira: the daily ECB reference rate, a historical chart, pair specification and what drives each currency.
50.0220
+0.0250 (+0.05%)
1 USD = 50.0220 TRY · 1 TRY = 0.01999 USD · previous 49.9970 on 3 Nov 2026
USD/TRY ECB reference rate, 4 Nov 2025 to 4 Nov 2026: from 42.0870 to 50.0220 (up 18.85%). High 50.0220 on 4 Nov 2026, low 42.0870 on 4 Nov 2025.
256 daily observations · 4 Nov 2025 – 4 Nov 2026
Latest rate within the 12-month range
The latest rate sits at 100% of the 12-month low-to-high range.
Calculated from daily ECB reference rates — closing-type snapshots, not intraday highs and lows.
Understanding the pair
In USD/TRY the US Dollar is the base currency and the Turkish Lira is the quote currency. The rate tells you how many TRY one USD buys, so a rising USD/TRY means the US Dollar is strengthening against the Turkish Lira.
USD/TRY is an exotic pair: it combines a major currency with that of a smaller or emerging economy, so spreads, swap costs and the size of sudden moves are typically larger than for the majors.
Prices are quoted to 4 decimal places here. One pip is 0.0001, so on a standard lot of 100,000 USD a one-pip move is worth 10 TRY — use the pip calculator to convert that into your account currency.
Liquidity in USD/TRY is usually deepest when both home markets are open — the New York (08:00–17:00 New York time) and London (08:00–17:00 London time) sessions. See live session times on the market hours clock.
The world's main reserve and invoicing currency. The BIS 2022 Triennial Survey found the dollar on one side of about 88% of all FX trades, so US interest-rate expectations and risk sentiment ripple through almost every pair.
Central bank: Federal Reserve
The lira has experienced periods of very high inflation and sharp depreciation. Spreads and swap costs on TRY pairs can be large, and liquidity can deteriorate quickly.
Central bank: Central Bank of the Republic of Türkiye
USD/TRY shows how many Turkish Lira (TRY) one US Dollar (USD) buys. USD is the base currency and TRY is the quote currency. If the rate rises, the US Dollar has strengthened against the Turkish Lira.
No. It is derived from the euro foreign exchange reference rates published by the European Central Bank once per working day around 16:00 CET. It is useful for reference, budgeting and calculator inputs, but it is not an executable trading quote — a broker's bid and ask will differ.
By convention one pip in USD/TRY is 0.0001 because the pair is quoted in TRY. On a standard lot of 100,000 USD, a one-pip move is worth 10 TRY. Brokers may quote an extra decimal (a pipette).
Liquidity is typically deepest when both home markets are open: the New York (08:00–17:00 New York time) and London (08:00–17:00 London time) sessions, and especially where they overlap.
Educational information only, not investment advice. Trading leveraged currency products carries a high risk of losing money.