TRY to PKR: Turkish Lira to Pakistani Rupee Rates Review

As of December 20, 2024, the Turkish Lira (TRY) is valued at 7.909 Pakistani Rupees (PKR). The average rate over the past month stood at 7.9762 PKR, with a recent peak of 8.0507 PKR. Over the last six months, the TRY has depreciated by 6.49% against the PKR, reflecting notable economic shifts. Historical rates have shown significant changes, with a high of 10.054 PKR in November 2023. Understanding these fluctuations can assist in making informed financial decisions. Accessing real-time tools for live data can enhance your knowledge of ongoing currency dynamics and trends.

Key Takeaways

• As of December 20, 2024, 1 TRY equals 7.909 PKR.
• The average TRY to PKR exchange rate for the past 30 days is 7.9762.
• The Turkish Lira depreciated by 6.49% against the Pakistani Rupee in six months.
• Platforms like Wise and XE provide real-time and historical TRY to PKR rates.
• Recent fluctuations show a downward trend with a monthly high of 8.0507 PKR per TRY.

Current Exchange Rates

Understanding the current exchange rates involves examining recent trends and historical data. In the past 30 days, the Turkish Lira reached a high of 8.0507 PKR, with an average standing at 7.9762 PKR. Over the past 90 days, the average reached 8.0613 PKR, with the lowest points consistently matching the 30-day low, indicating a recent period of relative exchange stability. Currently, the exchange rate stands at 1 TRY equals ₨7.909 PKR, as updated at 20:57. Traders should employ tools that provide both real-time and historical data for insightful decision-making. Platforms like Wise and XE offer extensive features for tracking and converting currencies effortlessly. Their real-time alerts can help users respond efficiently to market changes, guaranteeing that they capitalize on ideal rates.

For those requiring substantial currency transfers, services like TorFX are advantageous, offering free transfers for larger amounts, thereby minimizing fees. Staying informed about the current TRY to PKR exchange rates equips businesses and individuals with the essential knowledge to make informed, financially sound decisions. Leveraging effective tools guarantees accurate tracking, making the process of currency exchange seamless and economically beneficial.

Recent Highs and Lows

Analyzing recent highs and lows in the TRY to PKR exchange rates frequently reveals critical insights regarding currency volatility. Over the past year, the Turkish Lira (TRY) to Pakistani Rupee (PKR) exchange rate reached a pinnacle at 10.054 PKR per TRY on November 17, 2023. In a recent context, the past 90 days have marked a high of 8.1481 PKR, while the latest 30-day peak was recorded at 8.0507 PKR. Within the last week, the highest value stood at 7.959 PKR per TRY on December 16, 2024. Each of these peaks highlights periods when the Lira strengthened against the Rupee, albeit briefly, as currency rates are subject to numerous global and local influences.

Conversely, recent lows depict a contraction in the Lira’s strength. Significantly, December 23, 2024, saw the TRY fall to a low of 7.890 PKR, contributing to a broader 30-day low that matches this figure, and similarly touching a 90-day minimum. Such dips might be attributed to economic factors such as shifts in trade balances or monetary policy adjustments, influencing investor confidence. Historically, the average exchange rate between December 21, 2023, to December 20, 2024, was 8.5366 PKR per TRY, highlighting a consistent depreciation over the year.

Reviewing the recent fluctuation patterns, the TRY to PKR rate range over the past week spanned from 7.890 to 7.959 PKR. These figures demonstrate relative stability despite exhibiting a slight downward trend, marked by a -0.579% decrease. Furthermore, the 30-day and 90-day trends show declines of -1.62% and -2.94%, respectively, emphasizing a continued depreciation of the Lira against the Rupee and signifying potential considerations for forex traders and exchange platforms.

Historical Rate Overview

The exploration of recent highs and lows in the Turkish Lira (TRY) to Pakistani Rupee (PKR) exchange rates reflects ongoing fluctuations in the currency market. Historically, these fluctuations have been influenced by a variety of macroeconomic factors, including political developments, inflationary trends, and monetary policy decisions in both Turkey and Pakistan. The data available provides a snapshot of this dynamic relationship, offering insights into long-term trends and immediate changes. The Turkish Lira depreciated against the Pakistan Rupee over the past six months, marking a decrease of 6.49% in the TRY to PKR rate over the specified period.

Historical Trends and Patterns

Recent months reveal varied trends in the TRY to PKR exchange rates. On December 6, 2024, the rate was 1 TRY to 8.0058 PKR, while on November 1, 2024, it stood at 8.0911 PKR. Significantly, the highest rate in the past 90 days was 8.1481 PKR, with the lowest at 7.8958 PKR. This indicates a range influenced by important economic and geopolitical shifts, yielding a 90-day average at 8.0613 PKR and marking a decrease of 2.94% over this period.

Snapshot of Specific Historical Rates

For a detailed view, consider December 21, 2024, where 1 TRY equaled 7.8774 PKR, and December 20, 2024, saw a rate of 7.9122 PKR. Earlier, in September 2024, the rate was relatively higher with 1 TRY equaling around 8.1971 PKR on September 12. These figures are illustrative of the immediate shifts within the currency pair, subject to various economic forces.

Conclusion

Understanding these historical rates is essential for businesses, traders, and individuals engaged in currency exchange, assisting them in making informed financial decisions amidst the volatile nature of foreign exchange markets.

Six-Month Averages

For those managing the complexities of currency exchange, analyzing the six-month average rates of the Turkish Lira (TRY) to the Pakistani Rupee (PKR) offers substantial insights into broader market trends. This average, standing at 1 TRY = 8.2030 PKR, presents an essential benchmark for analyzing long-term currency dynamics, especially for those involved in large transactions or requiring precise budget allocations.

Six-Month Average Rates and Their Impact

Understanding the six-month average rate provides more than just a snapshot; it helps in strategic fiscal planning and risk management. The historical exchange rate data reveals the highest and lowest points in the last six months, showcasing the currency’s volatility. When compared against current and shorter-term averages, such as the 30-day (7.9762 PKR) and 90-day (8.0613 PKR) averages, this rate offers a clearer picture of market behavior. The six-month average, being higher, suggests an overall depreciation in the TRY value against PKR over recent months.

Practical Applications

For businesses and individuals, leveraging this six-month data can facilitate effective forecasting and decision-making in currency exchanges. Its relevance becomes apparent in large volume transactions where slight variations can greatly impact total costs. In addition, understanding this average aids in forecasting potential exchange rate fluctuations, essential for budgeting international expenses and investments.

Sources and Methodology

Platforms like Wise offer an accessible way to track these averages, providing data based on mid-market rates devoid of hidden fees. Such thorough data empowers users to engage in comparative analysis, examining both short-term and long-term trends. This understanding not only assists in evaluating currency risk but also in executing informed exchanges at strategic times, thereby optimizing financial outcomes.

Recent Fluctuation Trends

In evaluating the recent fluctuation trends of the Turkish Lira (TRY) to Pakistani Rupee (PKR) exchange rates, it is evident that daily fluctuations have been minimal, typically ranging between 0.01-0.1 PKR per TRY, indicating relatively stable short-term movements. On a weekly basis, the pattern exhibits a general decrease, with rates fluctuating between 7.9110 PKR and 7.938 PKR per TRY, which supports the prevailing bearish sentiment. Monthly observations further corroborate this trend, showing a consistent decline with an average rate of 7.9762 PKR per TRY, highlighting a notable depreciation of the Turkish Lira. Interestingly, throughout 2024, the Pakistan Rupee has experienced an overall appreciation against the Turkish Lira, reflecting a positive economic trajectory for Pakistan.

Weekly Rate Variations

Currency fluctuations between the Turkish Lira and Pakistani Rupee have been marked by defined trends over the past week. The exchange rate has shown slight variability, reflecting market responses to underlying economic signals. Importantly, the highest rate was documented on the 16th of December 2024 at 7.955, while the lowest fell to 7.890 on the 23rd of December. This variability represents a week-long change of -0.579%.

To better illustrate these shifts, consider the following recent movements:

1. Daily Movement: The largest 24-hour price change occurred on the 19th of December, with a decrease of -0.228%. This indicates a possible response to external economic factors affecting either the Turkish or Pakistani economies.
2. Weekly Pattern: Over the week, the Turkish Lira decreased by 0.579% against the Pakistani Rupee. Such a movement might be considered significant for traders and businesses monitoring short-term forex positions.
3. Rate Peaks: The current exchange rate stands at 7.909, which is closer to the week’s lowest rate. Observing variations between 7.890 and 7.955, parties engaged in regular transactions might leverage these shifts for timing their exchanges more strategically.

Monthly Rate Changes

Building on the recent weekly rate variations, it’s important to expand the view to monthly rate changes to understand long-term trends between the Turkish Lira and Pakistani Rupee. Analyzing the recent month, the exchange rate fluctuated between a high of 8.0507 and a low of 7.8958. The average rate over 30 days settled at 7.9762, indicating a decline of 1.62% over this period. This contrasts with the 90-day average of 8.0613, reflecting a larger decrease of 2.94%.

The monthly rate trend reveals a relatively stable pattern despite minor fluctuations. Significantly, the largest single-day change recorded in the past month was a decline of 0.228% on December 19, 2024. The most recent high was marked at 7.955 on December 16, 2024, while the rate dipped to a low of 7.890 by December 23, 2024, with the current standing at 7.909.

Historically, the Turkish Lira to Pakistani Rupee exchange has shown a variable activity level. Over the past five years, it demonstrates complex cycles of stability and fluctuation. Overall, the last 90 days have witnessed a gradual decline, aligning with broader currency trends.

Daily Rate Oscillations

Amid recent fluctuations between the Turkish Lira and the Pakistani Rupee, short-term rate variations offer valuable insights for traders and investors. Examining daily changes reveals a relatively stable pattern, with minor fluctuations. The high on December 16, 2024, was noted at 7.955, and the low on December 23 stands at 7.890, highlighting the variations in this currency pair. On December 19, a significant movement was observed with a 0.228% decrease within 24 hours, emphasizing temporary volatility.

Key Points of Daily Rate Variations:

1. Current Rate: As of December 23, the Turkish Lira is trading at 7.909 against the Pakistani Rupee, marking a slight 0.161% increase from the previous day.
2. Weekly Dynamics: The rate saw a weekly decline of 0.579% despite the recorded highs and lows, showing the significance of monitoring weekly trends for strategic planning.
3. 30-Day Average: Averaging at 7.9762 over the past month, with a peak of 8.0507, indicates a generally downward trend, suggesting stable future expectations.

These insights into daily rate variations are essential as they guide trading decisions and currency exchange strategies for those traversing these financial waters, fostering informed decision-making and risk management.

Conversion Examples

Understanding conversion examples between the Turkish Lira (TRY) and the Pakistani Rupee (PKR) is crucial for anyone engaging in forex trading or currency exchange between these two nations. Whether dealing with small, medium, or large amounts, comprehending these conversions can aid in making informed financial decisions.

Small Amounts Conversion

For small transactions, the conversion rates are straightforward. One Turkish Lira translates to approximately 7.92857 Pakistani Rupees. Exchanging 5 TRY results in 39.64285 PKR, and for 10 TRY, it is 79.28570 PKR. Continuing this pattern, 20 TRY converts to 158.57140 PKR, and 50 TRY equals 396.42850 PKR.

Medium Amounts Conversion

When dealing with medium amounts, the conversions scale up accordingly. One hundred Turkish Lira will convert to 792.85700 PKR. Multiplying this, 250 TRY becomes 1,982.14250 PKR, while 500 TRY results in exactly 3,964.28500 PKR. For larger medium transactions, 1,000 TRY equals 7,928.57000 PKR and 2,000 TRY totals 15,857.14000 PKR.

Large Amounts Conversion

For high-value exchanges, understanding the scale factors is crucial. Exchanging 5,000 TRY yields 39,642.85000 PKR and doubling that, 10,000 TRY becomes 79,285.70000 PKR. Larger amounts, such as 25,000 TRY convert to 198,214.25000 PKR, while a significant exchange of 50,000 TRY equates to 396,428.50000 PKR. Finally, 100,000 TRY will be 792,857.00000 PKR.

These conversions highlight the importance of precise calculations in financial planning, ensuring that currency exchanges between Turkey and Pakistan are executed efficiently and correctly.

Using Mid-market Rates

Harnessing the power of mid-market rates can greatly enhance financial efficiency in currency exchange transactions, particularly between the Turkish Lira (TRY) and the Pakistani Rupee (PKR). Understanding these rates is essential as they represent the midpoint between the buying and selling prices in the global currency market, providing a fair and unadulterated value without additional charges from banks and transfer services.

Advantages of Mid-Market Rates

1. Cost-Effectiveness: Utilizing mid-market rates guarantees no hidden fees, making currency conversion more affordable and transparent for users.
2. Real-Time Accuracy: By reflecting the real-time state of the global market, mid-market rates enable users to make more informed financial decisions.
3. Enhanced Comparison: They facilitate better comparisons across various money transfer providers, helping choose the most advantageous option.

Rate Dynamics

The current exchange rate is pegged at 1 TRY equaling 7.92857 PKR. Remarkably, over the last 30 days, a -1.62% change occurred with a peak of 8.0507 and a nadir of 7.8958. Such fluctuations emphasize the importance of monitoring these rates to capitalize on favorable shifts.

Historical Insights

Reviewing historical data reveals longer-term patterns, presenting a clearer picture of trends and aiding in predicting possible future movements. For instance, over the previous 90 days, the rate’s volatility exhibited a -2.94% variance, underscoring the dynamic nature of currency exchange.

Conclusion

Employing mid-market rates offers transparency and efficiency, forming a strategic approach for those dealing with TRY to PKR exchanges. Understanding these facets can greatly enhance financial planning and transactions.

Real-time Conversion Tools

Real-time conversion tools serve as indispensable resources for individuals and businesses engaged in currency exchanges between the Turkish Lira (TRY) and the Pakistani Rupee (PKR). These tools provide timely and accurate conversion data, proving essential for anyone maneuvering volatile currency markets. Key platforms such as Xe, Wise, Coinbase, and Markets Insider offer robust solutions, ensuring precision through proprietary rates sourced from credible financial data providers and reputable banks.

Key Features of Real-time Conversion Tools

Conversion Accuracy and User Interfaces
Accuracy and ease of use are paramount. Xe and Wise exemplify this by offering real-time exchange rates and user-friendly platforms. Coinbase presents a straightforward calculator for converting TRY to PKR, while Markets Insider provides clear tables to simplify the process. These features make these tools highly reliable and accessible, catering to users’ varying needs.

Rate Trend Analysis and Additional Benefits
Beyond conversions, these platforms enable rate trend analysis and alert settings for advantageous rates. Wise and Xe facilitate this, equipping users with tools to make informed decisions. Additional services such as cross-border payments and FX risk management enhance user experience, ensuring a thorough financial toolkit for currency exchange needs.

Historical Data Access

Historical exchange rate data plays a pivotal role in forex trading and currency analysis, offering invaluable insights into market trends and economic conditions. By examining the Turkish Lira to Pakistani Rupee rate fluctuations, one can identify critical patterns and potential future movements. For instance, the trend from 2024-10-1 to 2024-10-31 remained stable around 8.10 PKR, while a decrease was observed from 8.2127 PKR to 8.1194 PKR during September 2024.

Key Observations from 2024 Data:

1. Past Exchange Rates: Across a selected timeline, 1 TRY reached 7.9498 PKR on 16 December and 7.9514 PKR on 13 December. Keeping a log of such rates helps track past movements.
2. High and Low Trends: The highest exchange for 2024 was noted at 9.4762 PKR on 2 January, while the lowest was 7.8774 PKR on 21 December. These extremities are pivotal in planning hedging strategies or identifying market entry points.
3. Average Rates: Over a 30-day period, the average exchange stood at 7.9762 PKR, highlighting market consistency or volatility in short-term forecasting. Comparing this with the 90-day average of 8.0613 PKR reflects subtle but significant fluctuations.

Understanding these factors, including yearly highs and averages, empowers traders and businesses to make informed decisions, optimizing their financial strategies. This systematic approach mitigates risks associated with currency trades and improves the reliability of financial forecasting. By keeping a keen eye on these historical metrics, those involved in forex trading can better apprehend the complexities of currency dynamics, leading to more robust economic analyses and strategic planning.

Exchange Rate Providers

Steering through the world of currency exchange can be intimidating, yet exchange rate providers simplify the process by offering important tools and services. With offerings that range from real-time rate updates to detailed cost breakdowns, these providers play a significant role in optimizing financial strategies.

Key Features of Monito and Wise

Monito stands out by offering thorough real-time comparisons for TRY to PKR exchanges. It provides a detailed breakdown of transfer costs and exchange rates available from various services, making it easier for users to choose the most cost-effective options. The platform also lists mid-market rates and reviews transfer speeds, enhancing transparency.

Wise, known for its cost-effective solutions, delivers real-time exchange rates without hidden fees. Its platform enables users to view conversion histories and tracks rates for various amounts, such as 5, 10, or 100 TRY to PKR. Users can also set alerts for favorable rates and receive daily summaries on currency trends, enhancing informed decision-making.

Additional Tools Offered by Xe and Ravi Exchange

Xe provides updated exchange rates and historical data, essential for those needing precise insights into TRY to PKR conversions. Its tools for trend analysis and broad currency support across over 140 currencies make it an invaluable resource. Additionally, Xe supports international transactions, catering to diverse financial needs.

Ravi Exchange offers current buy and sell rates in Pakistan, with regular updates and a thorough service range. Although its rates are indicative, actual values are accessible at service locations, offering a traditional alternative to digital platforms.

Through these exchange rate providers, individuals gain access to important tools that enhance their financial operations, promote transparency, and facilitate smart currency exchange decisions.

Conclusion

Understanding the TRY to PKR exchange rates is essential for facilitating financial activities between Turkey and Pakistan. A robust grasp of the current and historical exchange rates, alongside recent trends and fluctuations, enables effective decision-making. Utilizing tools like mid-market rates and exchange rate providers enhances the optimization of currency exchanges. Consequently, staying informed about these dynamics not only aids in trade and remittances but also mitigates the challenges presented by currency volatility in this economic interaction.

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