USD
TRY
What USDTRY is
USDTRY (written USD/TRY) is a currency pair. The first currency, the US dollar (USD), is the base currency. The second, the Turkish lira (TRY), is the quote currency. The price shows how many lira one US dollar buys.
- When USDTRY rises, the dollar is strengthening against the lira, or the lira is weakening.
- When USDTRY falls, the lira is gaining against the dollar.
USDTRY is an exotic pair: a major currency paired with the currency of an emerging economy. Exotics usually trade in lower volume than majors such as EUR/USD. Their spreads are often wider, their swaps higher, and their prices can jump. See majors, minors and exotics for the difference.
How to read the quote
A broker shows two prices:
- Bid: the price at which you can sell.
- Ask: the price at which you can buy.
The gap between them is the spread. It is a cost you pay when you open a trade. On USDTRY the spread is usually much wider than on major pairs, and it can widen further when the market is thin.
A pip is the standard unit of price movement for a pair. The pip size for USDTRY is set in the symbol specification. In MetaTrader, right-click the symbol in Market Watch and open "Specification". The pip calculator below uses the pip size for the pair.
Pip value and margin
Pip value is how much your profit or loss changes when the price moves by one pip. On USDTRY, pip value is first worked out in lira, because lira is the quote currency. It is then converted into your account currency, such as USD or PKR. A larger position means a larger pip value. The lira exchange rate itself also changes the converted value.
Fill in the empty fields to see the result.
Margin is the money the broker sets aside from your balance to keep a position open. It depends on the position size, the price and the leverage. Leverage lets you control a position bigger than your deposit. It increases losses as much as it increases gains.
Fill in the empty fields to see the result.
On USDTRY a fast move against your position can use up your margin quickly. Leveraged forex and CFD trading can lose you money fast.
What tends to move USDTRY
US dollar side
- Federal Reserve policy. Interest rate decisions and the "dot plot" matter. The dot plot is the chart of Fed officials' rate projections, and it shapes expectations for the dollar.
- US jobs data (NFP). The monthly Non-Farm Payrolls report often causes sharp moves across all USD pairs.
- US inflation (CPI). CPI affects expectations for Fed rates.
- Treasury yields. Higher US yields can attract money into the dollar and away from emerging-market currencies.
- Global risk appetite. When investors avoid risk, money often leaves emerging-market currencies such as the lira.
Turkish lira side
- Central Bank of the Republic of Türkiye (CBRT) policy. Rate decisions matter. So does credibility: whether markets believe the bank will keep its policy course.
- Inflation. Turkey has had very high inflation, and that weighs on the lira's value over time.
- Current account and reserves. A large current-account deficit and changes in the central bank's foreign-currency reserves affect how much pressure the lira faces.
- Political and policy surprises. Unexpected announcements can move the pair sharply, sometimes outside normal trading hours.
You can follow scheduled releases in the Exness economic calendar, which is available on the website and in the Exness Trade app. For the wider method, see fundamental analysis.
Liquidity by session and spread behaviour
- Asian session: USDTRY is usually thin, and spreads tend to be wider.
- European session: Turkish local trading overlaps with this session, so activity usually picks up.
- London–New York overlap: US data comes out during this period, and liquidity in USD pairs is usually highest.
- Session close and the daily rollover: spreads often widen sharply.
- Weekends: markets are shut, but news can still come out. The price can then open far from Friday's close. This is called a gap, and stop orders may fill at a worse price.
Exness applies higher margin requirements (HMR) from 15 minutes before to 90 seconds after high-impact news. For forex, leverage during HMR is 1:200 (0.5%).
USDTRY on Exness: what to check
We have no sourced confirmation that USDTRY is currently listed on Exness. Before you rely on any detail, open the platform and check that the symbol exists. Then check its specification: contract size, pip size, minimum and maximum volume, swap and trading hours.
Some general Exness account facts:
| Item | Sourced fact |
|---|---|
| Minimum lot (general) | 0.01 lot |
| Margin call / stop out by account | Standard Cent: margin call 60%, stop out 0%; Standard: margin call 60%, stop out 0%; Pro: margin call 30%, stop out 0%; Raw Spread: margin call 30%, stop out 0%; Zero: margin call 30%, stop out 0% |
| Negative balance protection | Balance reset to 0 after stop out |
| Unlimited leverage instruments | Forex majors and minors, DXY, USDCNH, HKDJPY, USDHKD, USDTHB; all commodities except XAUUSD247; BTCUSD, BTCUSDT, ETHUSD, ETHBTC |
USDTRY is not named in the sourced list of instruments eligible for unlimited leverage. Check the leverage that applies to the symbol in the platform.
Swaps. A swap is the overnight charge or credit for holding a position past the daily rollover. On high-interest currencies like the lira, swaps can be large. Per Exness, Algeria, Azerbaijan, Bahrain, Bangladesh, Brunei, Chad, Comoros, Côte d'Ivoire, Djibouti, Egypt, Indonesia, Iraq, Jordan, Kazakhstan, Kyrgyzstan, Kuwait, Lebanon, Libya, Maldives, Mauritania, Morocco, Niger, Oman, Pakistan, Qatar, Saudi Arabia, Senegal, Tajikistan, Tunisia, Turkiye, Turkmenistan, United Arab Emirates, Uzbekistan, and clients registered from these countries are assigned swap-free status automatically. Check the current swap and your account status in the Exness personal area. See swap fees.
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Pakistan legal context
On remittances, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Also, per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947. On protection, per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse. Read law and regulators before opening any account.
Frequent questions
What does "dollar lira" mean?
It is a common name for USD/TRY: the price of a US dollar in Turkish lira.
Is there a USDTRY forecast on this page?
No. We do not publish forecasts, price levels or buy/sell ideas. The page explains what tends to move the pair, not where it will go.
Why is the USDTRY spread wide?
It is an exotic pair with lower liquidity than the majors. Spreads widen further at session opens and closes and around news.
How do I find the pip value for USDTRY?
Use the pip calculator above with your lot size and account currency. Check the pip size in the platform specification.
Can I practise USDTRY first?
A demo account uses virtual money. See Exness demo, and check whether the symbol is available there.
Where do I learn more about risk?
Read risk management and currency pairs.
