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

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  4. USD US dollar
  5. TRL Turkish lira (Turkey) / up to December 2004
CSV SDMX-ML 2.0 SDMX-ML 2.1
Time series key BBEX3.M.TRL.USD.CA.AB.A01
Unit TRL
Dimension one
Timespan from 1982-01 to 2004-12
Last update 20.09.2023 02:48:04 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.
Source Central Bank of Turkey, Ankara.
   
Comment on 2001-02 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) 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 1994-04 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%.
Comment on 1994-01 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%.
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