Parallel Dollar Rate in Turkey
Parallel market (black market) USD/TRY / USD rate today
Parallel
38.5
1 USD = 38.5 TRY / USD
Official
37.8
Central bank rate
Spread
1.9%
Parallel premium
What is the Parallel Rate?
The parallel (or black market) exchange rate in Turkey is the rate at which foreign currency is bought and sold outside official banking channels. It emerges when official supply cannot meet demand, creating a premium above the central bank rate.
A spread of 1.9% means buying dollars at the parallel rate in Turkey costs 1.9% more than the official rate. Tracking this spread helps traders, importers, and expatriates make informed decisions about when and where to exchange currency.
Parallel Rate FAQ
The parallel market rate for USD in Turkey is currently 38.5 TRY / USD. This rate is observed in informal exchange markets.