CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance or future forecasts does not constitute a reliable indicator of future performance.
Download free app
ABOUT INSTRUMENT

Invest in USD/TRY CFD

USD/TRY is a forex currency pair that compares the value of one US dollar against its equivalent value in Turkish lira. This currency pair is subject to a variety of factors that influence its value, such as global market conditions, economic and political situations in Turkey, and the strength of the US dollar. Traders should be aware that trading USD/TRY typically offers larger spreads, which can increase the potential for profit-making but also increases risk.

The Turkish lira has been one of the world's most volatile currencies in recent years. This means that investing in USD/TRY can be particularly risky, but it also presents potential opportunities for high returns. Additionally, the exchange rate of USD/TRY can change rapidly, with big fluctuations occurring over short periods of time. This can be exciting for traders who are looking for fast-paced markets.

Another crucial factor to consider when trading USD/TRY is the role of economic and political developments in Turkey. Turkey has faced significant challenges in recent years, such as high inflation rates, a weakened currency, and political turmoil. These developments can have a significant impact on the exchange rate of USD/TRY and can create investment opportunities for those who closely monitor the situation.

Trading USD/TRY with CFDs allows traders to take advantage of leverage, which means that they can trade with a larger position size than their account balance would normally allow. This can amplify both profits and losses, so it is essential to use risk management tools such as stop-loss orders to limit potential losses.

USD/TRY trading via contracts for difference (CFDs) is one of the investment options offered by XTB.

In summary, trading USD/TRY can be an exciting and potentially profitable venture. However, it requires careful analysis of economic and political developments in Turkey, as well as a solid understanding of forex trading. Although investing in USD/TRY may be riskier than other currency pairs, the potential for high returns and the fast-paced market make it an appealing option for experienced traders.

Minimal spread
0.00420
Margin
5%
Leverage
1:20
Commission
-
Market hours
24 h from Sunday 11:00 pm to Friday 10:00 pm CET

Interesting facts

Exotic Currency Pair Definition: The USD/TRY is an exotic currency pair in forex markets because one of its constituent currencies is that of an emerging nation, Turkey. This classification typically involves low trading volumes and overall illiquidity, and they are traded with relatively higher spreads than major currency pairs.

Base and Quote Currency: In the USD/TRY Forex rate, the USD is the base currency, while the TRY is the quote currency. The price at any given time represents the amount of Turkish Lira required to exchange for one unit of the USD.

A Brief History of USD and TRY: The USD, introduced in 1792, has become the most powerful currency globally. It completely dominates global trade and finance. On the other hand, the Turkish Lira has had its share of adventures as an emerging market currency.

The Volatility of USD/TRY: The USD/TRY currency pair has shown signs of high volatility in the past. Factors such as central bank policy and the state of Turkey's economy can cause fluctuations in the exchange rate.

Influence of Politics on USD/TRY: Political decisions and announcements in Turkey can impact the USD/TRY exchange rate. For instance, the election results and policy promises in Turkey have resulted in significant movement in the USD/TRY rate.

Economic Factors Affecting the USD/TRY: The Central Bank of the Republic of Turkey's frequent interest rate changes and the country's high unemployment can cause the Turkish lira's volatility against the American dollar. The stability of some regions is questionable, leading to this currency pair requiring comprehensive analysis.

Trade and Services Impact on TRY: In Turkey, trade and services account for an average of 58% of the GDP (hotel, restaurant, banking, etc.). Any significant shifts in these sectors could have an effect on the value of the Turkish lira and, subsequently, the USD/TRY pair.

Trading Hours for USD/TRY: The trading hours for USD/TRY (US Dollar to Turkish Lira) currency pair is 24 hours from Sunday 22:00 to Friday 21:00 GMT. The most active trading hours are when multiple global financial markets are open.

Currency Revaluation: In 2005, a new version of the Turkish Lira was issued after the previous Lira's value fell so dramatically. This revaluation was necessary to stabilise the currency and has shaped the dynamics of the USD/TRY pair since then. 

Have all your investments always at hand

With award-winning and easy to use XTB investing app

Latest news

Keep your finger on the pulse with our latest news

Turkish CPI little lower than expected. USDTRY...

3 April 2024

BREAKING: TRY jumps after CBRT rate hike

21 March 2024

TRY trades little changed after CBRT decision

22 February 2024
See more news
GET ACCESS

How to trade USD/TRY with XTB?

1. Open an account

Complete the form and send relevant documents - all without unnecessary formalities. The opening of an account depends on an appropriateness assessment, verified by a test.

2. Make a deposit

Choose a deposit method convenient for you from a range of available ones, including instant and free payments.

3. Start investing

Choose from 20+ CFD commodities and 5600+ other instruments.

1. Download the app

Visit your mobile store and download our app completely for free

2. Open an account

Complete the form and send relevant documents - all without unnecessary formalities. The opening of an account depends on an appropriateness assessment, verified by a test.

3. Make a deposit and start investing

Choose a deposit method convenient for you from a range of available ones, including instant and free payments

WHY XTB

Why invest at XTB?

Innovative Platform

We are constantly working on the development of our proprietary and award-winning investment platform to make sure it suits all your needs. Available in both desktop and mobile versions.

Regulation

We are one of the largest stock exchange-listed bokers in the world, regulated by several reputable supervisory authorities. We are also covered by a compensation fund.

Multilingual and highly qualified Customer Support

Our support team is ready to help you 24 hours a day, from Monday to Friday.

TOP INSTRUMENTS

Check out more instruments

All forex
Education

Explore extensive Knowledge base

Understanding Forex Volatility: Causes, Effects, and Strategies

What Is Forex Trading?

Forex Trading - How to Invest in Forex CFDs

FAQ

Do you have any questions?

USD/TRY is a currency pair that represents the value of the US dollar (USD) in relation to the Turkish lira (TRY) in the forex market.

 

There are various factors that can impact the exchange rate of USD/TRY, including political and economic events, inflation rates, and differences in interest rates between Turkey and the US.

 

Yes, it is possible to earn a profit from investing in USD/TRY, but it requires knowledge of market trends, risk management techniques, and thorough analysis.

 

The best time to trade USD/TRY is during periods of high volatility and trading volume, which typically occur during the opening hours of the New York and Istanbul stock exchanges.

 

Yes, investing in USD/TRY can be risky due to the forex market's volatility, geopolitical events, and Turkey's economic instability.

 

To mitigate risk when investing in USD/TRY, it is important to conduct thorough research, use risk management strategies such as stop-loss orders, and diversify your portfolio to include other currency pairs.



 

It is best to preced trading in FOREX with proper education - you can start with the Knowledge base we have prepared for you. Once you have the proper knowledge you should open a demo account to get a feel for the market and practice your trading strategy before investing real money. Remember that you can never have to much knowledge and you should constantly educate yourself during your presence on the financial markets.

There is no recipe for succes in the FOREX market. However, there are some aspects that will help you become a better trader. Here are some tips: start with demo account (before risking real money - get a feel for the market and practice your trading strategy), develop a trading plan (it's important to have a clear plan in place before starting trading), use risk management tools (manage your risk when trading, through eg. Stop Loss orders), do not overtrade (it's easy to get caught up in the excitement of trading, but it's important to stick to your plan and not overtrade).

Financial markets are a very complex topic, as they are influenced by various factors, such micro- and macroeconomic events, policies or social changes. You should start your trading experience with proper education about the concepts, assumptions and laws that govern the markets - you can start with the Knowledge base we have prepared for you. Once you have the proper knowledge you should open a demo account to get a feel for the market and practice your trading strategy before investing real money. Remember that you can never have to much knowledge and you should constantly educate yourself during your presence on the financial markets.

Yes, FOREX investing can be risky. The value of currencies can fluctuate significantly due to a variety of factors, including economic conditions, political events and market speculation. It is important for individuals to carefully consider their own financial situation and risk tolerance before investing in FOREX.

When choosing a broker, you should consider a number of aspects related to its activity and offer. These things you should definitely consider: credibility of the invesment firm, cost and fees, instruments offered, investment platform, customer support and additional benefits. If you want to learn more about how to choose your broker visit: investresponsibly.com.

When choosing a FOREX platform there are several factors you should consider: platform ownership (proprietary platform are usually designed in the most intuitive way), availability of DEMO account (where you can test your knowledge practice strategies before risking real money), fees (commissions, spreads etc.), access to educational materials and market news. Before commiting to one platform you should carefully consider all above-mentioned aspects, as they will particulary contribute to the effectiveness of your trading.
Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language