Turkish Lira to Iranian Toman: Tracking Today’s Exchange Rate Movement
In a continued upward trend, the exchange rate for the Turkish Lira (TRY) against the Iranian Toman has seen a notable increase in the open market. This movement is closely monitored by economists and those engaged in cross-border trade between the two nations.
Market Performance Overview
As of today, the value of the Turkish Lira has experienced a positive shift. Following a significant 10 Toman increase yesterday, which brought the rate to 2,340 Toman, the currency has climbed an additional 10 Toman today. This represents a gain of 0.43%, with the Lira currently trading at 2,350 Toman.
Market data from the past 24 hours indicates a trading range, with the highest price recorded at 2,350 Toman and the lowest at 2,330 Toman.
Broader Economic Context
While the short-term trend shows strength, a wider look reveals a different picture. The current price of the Turkish Lira reflects a 0.84% decrease compared to its value one week ago. Furthermore, over the past six months, the value of the Lira has seen a more substantial decline of approximately 9.62% against the Toman.
For additional context, the report notes that the current exchange rate for the US Dollar is 4,094 Turkish Lira. Conversely, one million Iranian Toman is equivalent to 426 Turkish Lira.
Source: Intitar
