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Turkish lira exchange rate
Are you interested in the current exchange rates and the price of the Turkish lira? Stay up to date at all times! Below we present the current quotes of the Turkish lira in our online exchange.
Turkish lira exchange rate - chart
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Exchange rate Turkish lira in the charts is presented for indicative purposes, based on approximate data and is not of a transactional nature, i.e. it is not part of the website's offer or a proposal to make a transaction.
Turkish lira
According to the ISO 4217 standard, the Turkish lira is represented by the international code TRY. Sometimes the abbreviations "TR" or "TL" are also used. In 2012, the "₺" symbol was additionally introduced, chosen a year earlier in a competition announced by the Central Bank of Turkey.
Turkish lira – facts about the currency
The name of the Turkish currency comes from the word "libra", a unit of weight used by the ancient Romans, i.e. in present-day Turkey. Turkish lira is the official currency in Turkey and Northern Cyprus.
1 Turkish lira is divided into 100 kuruş (kuruşlar). The lira subunit is abbreviated "Kr" and its name comes from the word "heavy", referring to the heavy weight of the 17th century coins. Turkish lira coins come in the following denominations: 1, 5, 10, 25 and 50 kurus and 1 lira. There are the following banknotes: 5, 10, 20, 50, 100 and 200 Turkish lira. The reverses show portraits of the politician Mustafa Kemal (Atatürk), and the obverses show other famous figures and ornaments typical of the Middle East. It is worth adding that thanks to good security features, the Turkish lira is very rarely counterfeited.
The PLN TRY pair, despite the fairly large distance between our countries, is quite often mentioned. The exchange rate of the Turkish lira is of particular interest to tourists, because the weather, landscapes and luxury resorts make Turkey an attractive holiday destination. As a result, the TL currency becomes particularly popular during the holiday season, and, as you can easily guess, prices in Turkey, especially in the case of hotels or restaurants, are the highest at this time.
Turkish lira – exchange rate, history and importance to the market
Today's Turkish currency began to develop at a time when the Ottoman Empire was in decline. The first lira, then Ottoman, appeared in circulation in 1844. w 1923 roku wprowadzono pierwszą lirę turecką, opatrzoną napisami w języku łacińskim i przedstawiającą wizerunek Mustafy Kemala, zwanego ojcem narodu. In this form, the currency survived until 2005, when hyperinflation necessitated a redenomination. The so-called New Turkish lira was in circulation for 3 years, and then further changes were made. The currency code was then changed from "TRL" to "TRY".
The Turkish lira exchange rate is of interest to entrepreneurs, including Polish companies. In 2019, Turkey was the fourth largest non-EU recipient of our products, which means that the TRY exchange rate is more important for Poland than it might seem. In addition, trade with Turkey is still growing, so it can be expected that the demand for the TRY PLN pair will also increase. Besides, in recent years, the Turkish currency has remained in the top 20 most popular currencies. However, it is worth mentioning that the Turkish lira exchange rate is characterised by high volatility, also on the TRY EUR and TRY PLN pairs. This is one of the reasons why, when going on holiday to Turkey, it is worth checking in advance how much the Turkish lira costs and buying the currency at the most advantageous moment.
TRY – interesting facts about the currency of Turkey
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As a result of massive hyperinflation (2005), the Turkish lira entered the Guinness Book of Records as the world's most worthless currency.
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1 Turkish lira is similar in size and weight to EUR 2, but much lower in value. So there are scams involving putting one-lire coins into vending machines.
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The 50 Kr and 1 Kr coins are similar to Polish coins. 50 Kr resembles PLN 5, and 1 Kr – 1 Polish grosz.
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