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USDTRY

EXCHANGE RATE OF USDTRY ON FOREX

The currency pair USD/TRY is the ratio of the US dollar to the Turkish lira. This pair, is still regarded as exotic due to high volatility, in spite of sufficient development level of Turkish economy. USD/TRY quotation is not recommended for novice traders because of large fluctuations and jumps associated with risks. The base currency of the pair is the US dollar. The highest activity of the USD/TRY pair is observed from 6:00 to 15:00 GMT during the European session. The Turkish lira, which provides up to 70% volatility, has a greater impact on the exchange rate. Therefore, when operating with this pair, you need to monitor its movements closely in order to profit on this pair.

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