78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
38.813 TRY
1H
4H
1D
1W
1MN

USDTRY is a currency pair that reflects the exchange rate between the US Dollar and the Turkish Lira. Everybody eager to learn how to trade USDTRY must understand the significant volatility due to economic policies within Turkey and the country’s broader economic vulnerabilities.

How to trade USDTRY?

When trading USDTRY, it’s crucial to know the economic factors affecting the US and Turkey. Investors wondering how to trade USDTRY must keep tabs on these aspects impacting this currency pair. To understand and adapt to the market specifics, the SimpleFX platform provides a demo account. Traders can trade USDTRY and train different strategies without financial risks.

After switching to a live account, investors can experience trading without minimum deposit and trade commissions. Moreover, the SimpleFX platform gives access to tools enabling conducting technical and fundamental analysis.

What is the best time to trade USDTRY?

The most popular time to trade USDTRY is during the European trading session when liquidity for the pair is higher and during economic releases from Turkey and the US.

There is a noticeable time window of enhanced liquidity when the London Stock Exchange and the New York Stock Exchange overlap. Excluding rare exceptions, this period stands between 1 PM and 5 PM GMT. Navigating this window, traders may experience increased market activity, but they must always stay alert to the volatility inherent in peak times.

Is the USDTRY price going up or down?

The direction of USDTRY price movement is impossible to predict due to several unpredictable factors impacting these fluctuations. Even so, investors must monitor Federal Reserve policy, economic health, and international trade relations regarding USD. For the TRY, critical elements include Turkey’s economic policies, sizeable current account deficit, and the political dynamics within the country.

The unpredictability of the market means even well-researched decisions carry inherent risks, which drives investors to stay updated all the time.

Investors can check the current USDTRY price on the chart above or the SimpleFX platform.

Is USDTRY a popular currency pair?

USDTRY is considered an exotic currency pair. However, it has become popular among traders, especially those looking for other assets outside the major pairs. This pair is associated with high volatility and for those who are interested in the economic developments of emerging markets.

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