About USD/TRY
USD/TRY is one of the most volatile pairs in forex, driven by Turkey's unique monetary policy dynamics and political risk. The Turkish central bank (TCMB) has a history of unorthodox policy - cutting rates in the face of high inflation - which has led to prolonged lira depreciation. Turkish CPI data (often exceeding 50% annually) and TCMB rate decisions are the primary catalysts. Political developments, including elections and geopolitical tensions, can produce massive intraday swings of 2-5% in a single session. Spreads are wide (typically 20-50 pips), and margin requirements are higher than majors due to the pair's volatility. USD/TRY is most liquid during the London and New York sessions, when international banks are actively pricing emerging market risk. Traders should use conservative position sizing - the pair routinely gaps at the weekly open, and stop-loss orders may slip significantly during news events.
Historical Rates - Last 7 Days
| Date | Close | Change |
|---|
| 2026-10-06 | 49.1186 | +0.18% |
| 2026-10-07 | 49.1549 | +0.07% |
| 2026-10-08 | 49.1404 | -0.03% |
| 2026-10-09 | 49.1956 | +0.11% |
| 2026-10-10 | 49.2121 | +0.03% |
| 2026-10-11 | 49.3184 | +0.22% |
| 2026-10-12 | 49.3341 | +0.03% |
See full price history on the historical rate lookup tool.
Frequently Asked Questions
What is the pip value for USD/TRY?
One standard lot (100,000 units) on USD/TRY has a pip value of approximately $10.00. The minimum price increment (tick) is 0.0001. A pip is typically the third decimal place for this pair, meaning 1 pip = 0.0001 for most pairs.
What time is USD/TRY most active?
USD/TRY sees its highest trading volume during the London and New York sessions. As an exotic pair, liquidity can thin significantly outside of the primary sessions listed above. Spreads widen and slippage increases during off-hours.
What economic events affect USD/TRY most?
The most impactful events for USD/TRY come from the USD and TRY economies. US releases — non-farm payrolls, CPI, FOMC rate decisions, and GDP — are among the most market-moving events globally. A surprise in any of these can shift the pair 50–100 pips within minutes. The upcoming events section above lists the specific releases scheduled in the next two weeks.