Course TRY(Turkish Lira)-JPY(Japanese Yen) for today
Quotes TRY/JPY for today .
Chart Turkish Lira Japanese Yen
Online Cross Course TRY JPY
The Turkish Lira is the currency of Turkey. Our currency rankings show that the most popular Turkey Lira exchange rate is the USD to TRY rate. The currency code for Lira is TRY, and the currency symbol is . Below, you'll find Turkish Lira rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read the Blog, or take TRY rates on the go with our Apps and website.
- Central bank: The Central Bank of the Republic of Turkey
- Turkey’s economy is increasingly driven by industry and service sectors: automotive, construction, electronics.
- Many Turks are still employed in traditional sectors: agriculture, or textiles and clothing.
- The Yeni Türk Lirası (New Turkish lira, YTL) was introduced on January 1, 2005 to remove six zeroes. On January 1, 2009 all old liras were removed from circulation and the “new” currency again became the “lira” (TRY).
Importance of the Japanese Yen The Japanese Yen is the third most traded currency in the world, and the most heavily traded currency in Asia. Due to its relatively low interest rates, the Japanese Yen is often used in carry trades with the Australian Dollar and the US Dollar. A carry trade is a strategy in which a currency with low interest rate is sold in order to buy a currency with a higher interest rate.
- Central bank: The Bank of Japan
- Since its defeat in World War II, Japan has become one of the world's largest and most technologically advanced manufacturers of motor vehicles, electronic equipment, machine tools, and so on.
- The JPY has appreciated against USD since the 1970s, making Japan’s manufactured goods more costly and less competitive.
- The Bank of Japan keeps interest rates at near-zero, making JPY a popular “carry trade” currency against other higher-yielding currencies.