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.
38.821 TRY
+0 (+0.02%)
1H
4H
1D
1W
1MN

USDTRY Key Statistics

Open price
38.81001
High today
38.83501
Low today
38.80438
52 Week high
41.70612
52 Week low
32.00981
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification
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USDTRY
38.821 
+0.01 (+0.02%)  
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About USDTRY

The USDTRY is the exchange rate between the currency of the United States, i.e., the USD, and Turkey, i.e., the Turkish Lira (TRY). In this pair, the USD is the base currency, and TRY is the quoted currency and tells about the number of TRYs required to buy a USD.

What is USDTRY?

The USD is a major currency in the forex market and international trade. As a reserve currency and benchmark, the USD attracts traders and investors. On the other hand, the TRY is a weaker currency than USD, with a share of just over 1% in global forex transactions. The USDTRY pair was first introduced on the forex market in 2005. Since then, it has shown several ups and downs in pricing. Its price depends on several factors. One of the most recognizable is the export of commodities. Additionally, investors should keep tabs on central bank policies, macroeconomic indicators, and geopolitical situations worldwide. Traders willing to understand how to invest in USDTRY must consider these aspects.

How does USDTRY work?

The USDTRY pair works via trading on the forex market. First, traders enter the market by opening a trading account with a trusted broker. Once in the market, they speculate on future exchange rate movements and take a long (buy) or short (sell) position. The currency pair works by trading on various platforms, like SimpleFX. First, the trader needs to open an account. SimpleFX provides a demo account where investors can learn how to trade USDTRY. It gives access to the simulation of real-time market conditions without financial risks.

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