USD/TRY

USDTRY refers to the exchange rate between the US Dollar (USD) and the Turkish Lira (TRY). This currency pair is significant for understanding the economic relationship between the United States and Turkey, a key emerging market. The value of USDTRY is influenced by various factors, including economic indicators, inflation rates, interest rate policies, and geopolitical developments. Due to Turkey's unique economic challenges and its position as a bridge between Europe and Asia, USDTRY often experiences volatility, making it a focal point for traders and investors seeking to capitalize on price movements in the forex market.