USD/TRY
The term "USD/TRY" refers to the exchange rate between the United States Dollar (USD) and the Turkish Lira (TRY). This rate indicates how many Turkish Lira are needed to purchase one United States Dollar. It is an important financial metric for traders, investors, and businesses involved in international trade between the United States and Turkey.
Fluctuations in the USD/TRY exchange rate can be influenced by various factors, including economic indicators, interest rates, and geopolitical events. A rising USD/TRY rate means the Lira is weakening against the Dollar, while a falling rate indicates the Lira is strengthening. Understanding this exchange rate is crucial for making informed financial decisions.