Dollar Calculator
US Dollar (USD) and Turkish Lira (TRY) conversion calculator. Dollar calculator with manual rate entry.
Frequently Asked Questions
How is the dollar exchange rate determined?
The dollar exchange rate is determined by supply and demand in the free market. The Central Bank publishes indicative daily rates. Banks set their own buy/sell rates.
What is the difference between buying and selling exchange rates?
The buying rate is the price at which the bank buys dollars from you, and the selling rate is the price at which it sells dollars to you. The difference (spread) is the bank's profit margin. The lower the spread, the more advantageous for the customer.
What does effective exchange rate mean?
The effective rate is the rate applied in cash dollar buy/sell transactions. It is generally a few cents higher than the exchange rate applied in wire transfer transactions.
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