The Turkish lira: inflation and monetary policy
The Turkish lira (TRY) is Turkey's national currency, issued by the Central Bank of the Republic of Turkey. In 2005, a redenomination was carried out: old liras were exchanged for new ones at a rate of one million to one - the result of years of hyperinflation. The Turkish lira remains one of the most volatile currencies among G20 countries: prolonged periods of high inflation have consistently eroded its value against the dollar and the euro. In 2023-2024, the central bank sharply raised its key rate to curb inflation - this partially stabilized the exchange rate, although the lira remains sensitive to inflation data.
The KZT/TRY pair: two emerging-market currencies
The KZT/TRY pair combines two currencies with similar structural vulnerabilities: both countries are export-dependent, both have faced inflationary pressure, and both have experienced sharp devaluations. The pair can be volatile due to the dynamics of both currencies; specific comparisons depend on the time period chosen. Trade relations between Kazakhstan and Turkey are active: Turkey is one of Kazakhstan's significant trade partners. Beyond trade, the pair is in demand among Kazakhstanis buying real estate or doing business in Turkey, as well as among the Turkish diaspora in Kazakhstan.
Converting tenge to liras via ATM24
ATM24 is a currency exchange and international transfer service; requests are accepted via WhatsApp or Telegram. Exchanging KZT for TRY is relevant for those conducting trade settlements between Kazakhstan and Turkey, sending funds to relatives, or paying for Turkish real estate. The rate is agreed upon before the request is paid - important for volatile pairs, and KZT/TRY is exactly that. For large or non-standard amounts, terms are discussed individually. Requests can be submitted at any convenient time via messenger. The availability of the transaction, the applicable route, KYC/AML requirements, and final terms are confirmed by a manager before payment; the availability of a specific route is not guaranteed until verified.