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Exchange rates for the US dollar in Turkey / USD 1 = TRL ... (buying) / up to 2004

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  1. Exchange rates, euro foreign exchange reference rates, gold prices
  2. Exchange rates in individual countries
  3. Yearly average
  4. USD US dollar
  5. TRL Turkish lira (Turkey) / up to 2004
CSV SDMX-ML 2.0 SDMX-ML 2.1
Time series key BBEX3.A.TRL.USD.CA.AA.A04
Unit TRL
Dimension one
Timespan from 1982 to 2004
Last update 20.09.2023 12:51:03 PM
   
General In addition to the official exchange rates published by the central bank, the commercial banks set their own rates for a time. These rates could deviate significantly from the central bank rate over the course of a day. Currency conversion effective from 1 January 2005: 1,000,000 Turkish lira (TRL) = 1 New Turkish lira (TRY), designated as Turkish lira (TRY) since 1 January 2009.
Methodology Calculated on the basis of daily exchange rates.
Source Central Bank of Turkey, Ankara.
   
Comment on 2001 On 22 February 2001, the exchange rate arrangements for the Turkish lira were changed; since this date, Turkey has used an independent floating exchange rate system. This measure led to sharp exchange rate fluctuations. The following exchange rates (buying/selling rate) were reported to us by the Turkish central bank at the start of trading: 22 February 2001: USD 1 = TRL 685,391 / 688,696 23 February 2001: USD 1 = TRL 957,879 / 962,499 26 February 2001: USD 1 = TRL 1,072,988 / 1,078,163 27 February 2001: USD 1 = TRL 946,306 / 950,870
Comment on 1994 On 27 January 1994, the exchange rates were adjusted more sharply. We recorded the following exchange rates (buying/selling). 26 January 1994: USD 1 = TRL 15,155.63 / 15,186.00 27 January 1994: USD 1 = TRL 17,215.50 / 17,250.00 Calculated devaluation: 12.0%. From 5 to 11 April 1994, Turkey experienced sharp exchange rate fluctuations. After depreciating sharply on both 6 and 7 April 1994, the Turkish pound recovered to some extent over the following two days. For 5 to 11 April 1994, we recorded the following exchange rates (buying/selling): 5 April 1994: USD 1 = TRL 23,031.84 / 23,078.00 6 April 1994: USD 1 = TRL 31,988.89 / 32,053.00 7 April 1994: USD 1 = TRL 39,853.13 / 39,933.00 8 April 1994: USD 1 = TRL 36,871.11 / 36,945.00 11 April 1994: USD 1 = TRL 33,560.74 / 33,628.00 Calculated using the exchange rates from 5 and 11 April 1994 the Turkish pound was devalued by 31.4%.
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