- Trading
- Instrument Specifications
- Currency Pairs
- USD / TRY Investing
Trade Dollar Turkish Lira with IFCM
USD/TRY Forex Trading Conditions
| Options | Standard-Fixed & Floating | Beginner-Fixed & Floating | Demo-Fixed & Floating |
|---|---|---|---|
| Fixed spread, pip | 50 | 50 | 50 |
| Floating Spread, pip | 50 | 50 | 50 |
| Order distance, pip | 100 | 100 | 100 |
| Swap, pip (Long/Short) | -415.27 / 50.31 | -415.27 / 50.31 | -415.27 / 50.31 |
| Digits | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | >=10000.00 USD | 100.00 – 100000.00 USD | >=100.00 USD |
| Contract size | -/- | -/- | -/- |
|
1 pip value per 100000 | 10 TRY | 10 TRY | 10 TRY |
| Options | Standard-Fixed | Micro-Fixed | Demo-Fixed | PAMM-Fixed |
|---|---|---|---|---|
| Fixed spread, pip | 50 | 50 | 50 | floating |
| Order distance, pip | 100 | 100 | 100 | 500 |
| Swap, pip (Long/Short) | -415.27 / 50.31 | -415.27 / 50.31 | -415.27 / 50.31 | -415.27 / 50.31 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 TRY | 10 TRY | 10 TRY | 10 TRY |
| Options | Standard-Floating | Micro-Floating | Demo-Floating | PAMM-Floating |
|---|---|---|---|---|
| Floating Spread, pip | 50 | 50 | 50 | 50 |
| Order distance, pip | 100 | 100 | 100 | 500 |
| Swap, pip (Long/Short) | -415.27 / 50.31 | -415.27 / 50.31 | -415.27 / 50.31 | -415.27 / 50.31 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 TRY | 10 TRY | 10 TRY | 10 TRY |
USD/TRY Trading Hours
USD/TRY trading hours are the time when investors can buy and sell USD/TRY. The USD/TRY is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade USD/TRY during different trading hours. Depending on where you live, you may be able to trade USD/TRY at any time throughout the day or night. For those who want to take advantage of these opportunities, it is important to know when USD/TRY trading hours begin and end.
US dollar vs Turkish lira
Type: Exotic pair
When the previous Lira's value fell greatly (at that time the conversion was $1 to 1.5 million TRY), in 2005 a new version of the Turkish Lira was issued. Any global risk off environment may lead to Lira’s massive depreciations, because the economy of this country relies on foreign cash looking to earn short term profits on higher interest rates.
USDTRY Trading
When the previous Lira's value fell greatly (at that time the conversion was $1 to 1.5 million TRY), in 2005 a new version of the Turkish Lira was issued. Any global risk off environment may lead to Lira’s massive depreciations, because the economy of this country relies on foreign cash looking to earn short term profits on higher interest rates. This pair presents how many Turkish lira is needed to trade USDTRY. For a deeper understanding how to trade currency pairs, for example USDTRY, you will need to know about bid and ask, pips and more, we suggest to start from basics "What is Forex Trading".
Currency Pair USDTRY | Forex | Minor
The US dollar (USD, “Greenback”) is the most widely traded currency in the world. The issuer is the Federal Reserve System(the Fed).
- Is the most popular reserve currency, held by central banks, financial institutions and private investors
- Is considered as a “safe haven” currency in periods of instability due to universally recognized reliability of the US economy
- Is used as a standard payment unit in commodity markets
