Turkish Lira Rates
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Latest Turkish Lira Rates
Please see our latest exchange rates page for the most up-to-date mid-market rate.
Recent Trading Range
In 2011, the Turkish Lira traded between 2.4156 to 2.9481 against the Pound.
Latest Turkish Lira Exchange Rate News
Please see our news section for the latest currency news affecting worldwide exchange rates. You can also visit our dedicated page on Money Transfers to Turkey, including timescales and information needed to make your transfer.
Overview - TRY
The Turkish Lira which has the ISO code TRY (recently updated from TRL) is the currency of Turkey and Northern Cyprus.
The first Lira was pegged to the British Pound and the French Franc for certain periods until it was pegged to the US dollar in 1946 which was held until 1960 at 2.8 Lira to 1 Dollar. From 1970 various different pegging levels were used as the value of the Lira fell.
In late December 2003, the Grand National Assembly of Turkey passed a law that allowed for redenomination by the removal of six zeroes from the Turkish lira, and the creation of a new currency the New Turkish Lira. It was introduced on 1 January 2005, replacing the previous Turkish lira and the ISO code changed from TRL to TRY. In 2009 the New was dropped and from 2010 it was known again just as the Turkish Lira.
The Guinness Book of Records ranked the Turkish lira as the world's least valuable currency in 1995 and 1996, and again from 1999 to 2004.