TRY to PKR Currency Converter - 1 Turkey New Lira To Pakistan Rupee
1 TRY = 11.856439 PKR
1 TRY = 11.86 PKR
Your Conversion : 1 TRY = 11.856439 PKR
Reverse Conversion : 11.856439 PKR = 1 TRY
Turkey New Lira Pakistan Rupee
Updated: Aug 19 2022
Today Turkey New Lira Rate to Pakistan Rupee (1 TRY to PKR) is 11.856439 PKR, all prices are updated every hour to give you the best TRY to PKR conversion. This Turkey New Lira to Pakistan Rupee conversion is based on open market rates which are set by the currency exchange dealers of Pakistan. Easily find the 1 TRY buying rate and selling rate in Pakistan. You can also convert all major currencies online.
TRY TO PKR CHART & GRAPH
TRY TO PKR STATS
|Last 30 days||LAST 90 DAYS|
TRY TO PKR INTERNATIONAL FOREX RATES HISTORY
|19 Aug, 2022||11.91|
|18 Aug, 2022||11.94|
|17 Aug, 2022||11.91|
|16 Aug, 2022||12.00|
|15 Aug, 2022||12.01|
|14 Aug, 2022||12.01|
|13 Aug, 2022||12.34|
|12 Aug, 2022||12.57|
|11 Aug, 2022||12.51|
|10 Aug, 2022||12.49|
|9 Aug, 2022||12.58|
|8 Aug, 2022||12.59|
|7 Aug, 2022||12.51|
|6 Aug, 2022||12.50|
|5 Aug, 2022||12.67|
TRY to PKR
The exchange rate between TRY and PKR is around 11.856439. This exchange rate is never constant. It keeps on changing from time to time, depending on the economic conditions of both countries. Let us discuss how both currencies relate to each other.
TRY; Turkish Lira is the official currency of Turkey. It is usually abbreviated as TL. It is subdivided into 100 kuruş. This currency is regulated by the Central bank of the Republic of Turkey. The bank uses coins and banknotes to circulate the currency.
If we compare the TRY currency to the USD currency, as usual, the results are awful. 1 Turkish Lira is equaled to 0.055219386 USD. A considerable difference can be seen. It has lowered the value of TRY currency among other currencies.
Similarly, by comparing it to the other currencies in the world, the results are as same as the USD currency. It means the TRY currency is a devalued currency as compared to the well-developed countries. Such as Australia, Canada, Singapore, France, Malaysia, etc.
If we look over the reasons for the collapse of the currency, there are few which need to be highlighted. The primary reason is being a borrower in foreign countries; this has weakened the currency. Another reason is the rapidly rising inflation. When a country imports more than it exports, the economy tends to the deficit. It also plays a vital role in the devaluation of the currency. Moreover, bad political decisions are also responsible for the weakened currency. Investors are not investing in TRY currency due to the reasons mentioned above.
The PKR is the official currency of Pakistan. The PKR currency is recognized as the term Rs. At the time of independence, it was subdivided into 100 Paisa. But later, the value of the currency has been changed. Currently, the coins and banknotes are used for transactions. The central bank, which is the State Bank of Pakistan, has the authority to control and regulate the currency. The large values of currency are up to crores and so on.
When the PKR currency is compared with the USD currency, the results are unsatisfactory. The exchange rate between both currencies is around 213.99179. It has led to the PKR currency devaluation and unacceptable by the well-developed countries.
Uniformly, by comparing it to the other currencies globally, it has still seen as the least currency. By this, we discovered that the PKR currency is worthless and cheapest. It drained the confidence of other countries to invest in such an economy.
If we look over the reasons for such the cheapest currency, then there are many. Politics play a very important role in the economy of a country. And Pakistan is being underrated by bad political decisions. It has made the PKR currency the lowest and cheapest. Also, loans from foreign countries have weakened the value of the currency.
TRY and PKR
Now, if we compare both currencies, a considerable difference can be seen. The TRY currency is a valuable currency to PKR. Again the PKR currency proves the cheapest currency. The PKR currency needs to raise its standard. However, over the years, the difference between TRY and PKR is slowly and steadily shrinking. It means that economy of Pakistan is doing gradually better than that of Turkey.