USD to TRY Converter & Türkiye Remittance Guide

Get the live USD → TRY rate

Rates move every minute — open the converter above for the current mid-market USD/TRY rate. What your recipient gets depends on the provider's margin and fees below, and on Türkiye's monetary policy, which drives the lira's longer-term trend.

TCMB's policy rate and why the lira keeps moving

The Central Bank of the Republic of Türkiye (TCMB) sets its policy rate — the one-week repo rate — at Monetary Policy Committee meetings held roughly every six weeks. At its June 11, 2026 meeting, TCMB held the one-week repo rate at 37%, keeping monetary policy tight. The committee's statement noted that inflation "increased in April due in part to higher energy prices" before decreasing slightly in May, that first-quarter data pointed to a slowdown in economic activity and weak domestic demand, and that the committee remains "highly attentive to upside risks on inflation" until Türkiye's medium-term target of 5% inflation is reached.

This matters for a USD→TRY transfer because Türkiye's inflation has run far above US inflation for years, and the lira has depreciated to reflect that gap — a classic real-exchange-rate adjustment, not a one-off event. TCMB's policy rate doesn't set the USD/TRY margin your money-transfer provider charges, but it signals how aggressively the central bank is trying to slow further lira depreciation. A higher-for-longer policy rate is generally a sign the central bank expects inflation, and therefore lira weakness, to persist for a while yet.

For example, if TCMB were to cut the policy rate quickly while inflation is still elevated, that would typically be read by markets as a signal of faster future lira depreciation — the opposite of what a recipient holding lira would want. Conversely, holding the rate high (as TCMB did in June 2026) is the tool it is using to try to slow that decline.

Receiving USD instead of converting to lira

Because of that depreciation pattern, many people who receive dollars in Türkiye choose not to convert everything to lira immediately. Turkish banks routinely offer resident and non-resident foreign-currency (FX) deposit accounts, so a recipient can ask their bank to hold an incoming USD transfer in a dollar account rather than auto-converting it at whatever the day's rate happens to be. This is a normal, mainstream product at Turkish banks, not a workaround — it simply separates the decision "receive the money" from the decision "convert it to lira," letting the recipient pick their own conversion moment.

If your recipient plans to spend the money in lira soon anyway (rent, bills, groceries), converting on arrival avoids taking on extra currency risk. If they plan to hold savings or expect to need dollars again later, keeping part of the transfer in an FX account avoids double conversion costs. Ask your recipient's bank directly what its policy is on crediting inbound international transfers to a USD account instead of a TRY account — options vary by bank.

Frequently Asked Questions

What is the live USD to TRY rate?

Use the converter above for the current mid-market USD/TRY rate. Your recipient's amount depends on the provider's margin and fee.

Cheapest way to send USD to Türkiye?

Get quotes from two or three providers and compare the total received for your exact amount.

Why is my rate worse than Google's?

Google shows the mid-market rate; providers add a margin and sometimes a fee. Compare the final amount across providers.

How to get the best USD–TRY rate?

Compare a few providers, use first-transfer promos, focus on the margin not just the fee, and send larger amounts less often.

Why does the lira keep losing value against the dollar?

The lira floats and has depreciated for years against persistently high Turkish inflation. TCMB held its one-week repo rate at 37% at its June 2026 meeting, a tight policy stance aimed at bringing inflation down toward its 5% medium-term target, but the gap between Turkish and US inflation still pushes the exchange rate over time.

Can my recipient in Türkiye keep the money in US dollars?

Yes. Turkish banks offer resident and non-resident foreign-currency (FX) deposit accounts, so a recipient can ask their bank to credit an incoming transfer to a USD account instead of converting it to lira immediately, and convert later when the rate suits them.

Does TCMB's policy rate affect my transfer directly?

Not directly — TCMB's one-week repo rate sets the cost of lira funding for Turkish banks, not the USD/TRY margin a remittance provider charges you. It matters indirectly because tight policy is meant to slow lira depreciation, which affects how much a lira balance is worth if your recipient waits to convert.

Is Türkiye's inflation still affecting the lira in 2026?

Yes. TCMB's own June 2026 statement said inflation rose in April on higher energy prices before easing slightly in May, and the committee described itself as "highly attentive to upside risks on inflation," which is why the policy rate has stayed elevated.

Related calculators

• Home Loan Calculator – the USA
• SIP Calculator – the USA
• Home Loan Calculator – Turkey

Sources

• TCMB, Press Release on Interest Rates (ANO2026-23), June 11, 2026 (accessed 24 September 2026)
• TCMB, One-Week Repo Rate (accessed 24 September 2026)