EN
About the currency
The Turkish lira is Türkiye’s currency, with the code TRY. Monetary policy is the responsibility of the Central Bank of the Republic of Türkiye. The lira can move considerably, so travel or purchasing budgets are better calculated using current rates than prices remembered from a previous season.
Turkish inflation, interest rates, demand for foreign currency, trade and tourism receipts can affect the lira. TRY/UAH also depends on the hryvnia. People in Ukraine buy lira for travel, shopping and payments to Turkish business partners. For small exchanges, spreads and fees can make the difference between the official NBU reference rate and the actual cost especially noticeable.
