USD to Turkish Lira LIVE RATE
The conversion tool allows you to compare the live inter-bank currency rate with competitive travel money exchange rates available in foreign exchange markets.
USD to Turkish Lira LIVE RATE
The USD to Turkish Lira LIVE RATE conversion tool allows you to compare the live inter-bank currency rate with competitive travel money exchange rates available in foreign exchange markets.
Exchange rates fluctuate and change daily. You can check the exchange rate for today on this website or in any of our branches.
Anyhow, please bear in mind that by ordering online your currency for collection at the Antalya or Istambul Airport, you get a 15% off, deducted from the exchange margin.
Therefore, it is always more advisable to book online and collect and pay at the airport the day you travel.
Turkish lira to USD – dollar to tl live
USD to Turkish Lira LIVE RATE slipped as much as 1.7% on Thursday and has shed some 22% in the last nine trading sessions,
on persisting investor concerns about a surge in inflation to a 19-year high after a series of unorthodox interest rate cuts.
The currency weakened to 13.89 against the dollar, USD to Turkish Lira LIVE RATE
before trimming its losses to 13.745 by 0800 GMT. Last year it slumped 44% in its worst year since President Recep Tayyip Erdogan’s AK Party came to power in 2002.
Simone Kaslowski, chairman of Turkey’s leading TUSIAD business association,
said on Wednesday evening the leap in annual inflation to 36.1% clearly showed the need to reconsider the policy steps Turkey has taken.
“If these are the right steps, why is inflation so high?” he was cited as telling an economic panel by news website T24.
Turkish lira live – USD to tl live
Market interest rates were rising despite the central bank rate cuts and dollarization was continuing to increase,
he said, questioning whether Turkey was “missing the big picture as we turn to short-term temporary solutions”.
“Time is precious. As a country, the cost of using this time more properly is even higher now than before.”
Finance Minister Nureddin Nebati said on Wednesday the government would now prioritize the fight against inflation,
but added that it had abandoned “orthodox policies” and was charting its own course.
keywords: Turkish lira live USD to tl live dollar to tl live dollar to lira live USD to Turkish Lira LIVE RATE
USD to Turkish Lira LIVE RATE
The Turkish lira fell to 17.20 against the dollar on Thursday,
falling for the fourth consecutive session, heading towards record lows hit in December after a series of unconventional interest rate cuts.
Observers believe that the rise in oil prices and the trade balance deficit, which amounted to 5.55 billion dollars last month,
is an important reason for the decline in the exchange rate of the lira because Turkey imports more than 93% of its oil and gas consumption with a bill of more than 45 billion dollars annually.
For his part, the Turkish economist Muslim Oysal said that the improving dollar price globally is the main factor,
as there is no internal reason to justify the continued decline of the lira,
adding in an interview with Al-Araby Al-Jadeed that tourism and exports are in their best conditions, perhaps since the surge of 2019.
His country to receive more than 35 million tourists this year,
after the start of recovery last year and an improvement in revenues by 103% from 2020,
when tourism revenues reached $24.4 billion in 2021.
The Central Bank of Turkey will continue to use all available tools decisively within the framework of the lira strategy until indicators indicate a permanent decrease in inflation,
and the target of 5% is achieved in the medium term in pursuit of the primary goal of price stability,
according to its statement on April 14.
Turkish lira live
USD to Turkish Lira LIVE RATE reached unprecedented levels at the end of 2021,
as it broke the barrier of 18 lira to the dollar,
as a result of reducing interest rates by 500 basis points from September to December 2021,
to become 14% from 19%.
The general level of prices in Turkey is witnessing an unprecedented rise,
accompanied by the depreciation of the Turkish lira against foreign currencies, during the past few months.
Lira savings protection plan
The move was taken by the Turkish president, described by analysts as “a counterattack that succeeded in scoring a goal,
but it is difficult to predict whether it was able to resolve the match” aimed to stop speculation on the Turkish lira,
and to reassure citizens that the government is capable and ready to protect the value of their savings against the value of foreign currencies.
The decline in confidence in the lira led to a state of confusion that prompted citizens to get rid of it in all ways and in huge quantities,
which plunged its exchange rate to completely unexpected records.
Erdogan said: “We will provide a new financial alternative for our citizens who want to allay their fears caused by high exchange rates.
From now on, there will be no need for our citizens to transfer their savings from the lira to foreign currencies,
for fear of an increase in exchange rates,
” explaining: “If the profits of depositors in banks in lira are greater than the increase in the exchange rate, they will preserve their profits,
but if the profits of the exchange rate were The exchange is greater,
then the difference will be paid to the citizen.”
USD to Turkish Lira LIVE RATE
Erdogan also reassured exporters who are facing difficulty in pricing due to exchange rate fluctuations, explaining:
“A long-term exchange rate for exporting companies will be set directly through the Central Bank, and in the event of differences,
they will be paid in the lira to the companies concerned.”
He tried to send more positive messages about the status of the Turkish economy by reminding the citizens that there are about 5,000 tons of gold “under the pillows” (they keep them in homes) estimated at $280 billion,
pointing out that new tools will be developed to encourage citizens to enter their gold savings in the financial system.
USD to Turkish Lira LIVE RATE