Currency is the general name given to the currencies of foreign countries in Turkish. Parity is the value of one country’s currency against another country’s currency. The first currency in the parity represents the base (main) currency. The second currency is the opposite currency. In USD/TRY parity, USD is the base currency, while TRY is the counter currency. The value of the USD/TRY parity is the value of the American Dollar against the Turkish Lira. E.g; Suppose USD=2, TRY=1; The value of the USD/TRY parity will be 2. To simplify, 1 USD = 2 Turkish Liras. The monetary policies of the central banks and economic developments can affect the value of the currencies of the countries and create serious investment opportunities in foreign exchange parities.
You can follow the current currency parities in the table below.