SGD to TRY Exchange Rate - Convert Singapore Dollar to Turkish Lira
SGD to TRY Exchange Rate - Convert Singapore Dollar to Turkish Lira
Converting from Singapore Dollar (SGD) to Turkish Lira (TRY)
What is Singapore Dollar (SGD)
The Singapore Dollar (SGD) is the official currency of Singapore, a thriving city-state located in Southeast Asia. The currency is denoted by the symbol "＄" or sometimes "S＄" to differentiate it from other dollar-denominated currencies. Issued and regulated by the Monetary Authority of Singapore (MAS), the Singapore Dollar is known for its stability and strong performance.
As of October 2023, the SGD is categorized as one of the most traded currencies in the world due to Singapore's robust economy, which is heavily driven by finance, trade, and tourism. The currency is subdivided into 100 cents, and coins come in denominations of 5, 10, 20, 50 cents, and 1 dollar, while banknotes are available in denominations of 2, 5, 10, 20, 50, 100, 500, and 1,000 SGD.
The Singapore Dollar is frequently used as a benchmark for other currencies in the region. Its smooth convertibility and the economic strength of Singapore make it a preferred currency for investors.
What is Turkish Lira (TRY)
The Turkish Lira (TRY) is the official currency of Turkey, a country that straddles Europe and Asia. The symbol for the Turkish Lira is "₺." The currency has undergone several changes over the years, with one of the most significant changes being the introduction of the New Turkish Lira (YTL) in 2005 to replace the old lira at a rate of 1,000,000 to 1. Subsequently, the currency was simply renamed the Turkish Lira once again.
Banknotes are available in denominations of 5, 10, 20, 50, 100, and 200 lira, while coins come in 1, 5, 10, 25, and 50 kuruş, which is the subunit of the lira.
In recent years, the Turkish Lira has faced challenges, including inflation and geopolitical issues, which have affected its exchange rates against major currencies like the USD and SGD. As a result, maintaining an eye on the exchange rate is crucial for those looking to convert SGD to TRY.
Converting SGD to TRY
When considering converting Singapore Dollars to Turkish Lira, it is important to check the current exchange rates, as they fluctuate frequently. One can use online currency converters or visit local banks to get the latest rates. The conversion process involves multiplying the amount in SGD by the current exchange rate to determine how much TRY one will receive.
For example, if the exchange rate is
1 SGD = 19.50 TRY
, then converting 100 SGD would yield:
100 SGD × 19.50 TRY/SGD = 1950 TRY
Being informed about the current exchange rate and transaction fees can help you make the best financial decisions when conducting currency conversions.
Singapore Dollar to Turkish Lira conversion table
SGD to TRY conversion table
| Singapore Dollar (SGD) | Turkish Lira (TRY) |
|---|---|
| 1 SGD | 28.21002130287 TRY |
| 2 SGD | 56.42004260574 TRY |
| 3 SGD | 84.63006390862 TRY |
| 4 SGD | 112.84008521149 TRY |
| 5 SGD | 141.05010651436 TRY |
| 6 SGD | 169.26012781723 TRY |
| 7 SGD | 197.4701491201 TRY |
| 8 SGD | 225.68017042297 TRY |
| 9 SGD | 253.89019172585 TRY |
| 10 SGD | 282.10021302872 TRY |
| 100 SGD | 2 821.00213028717 TRY |
| 200 SGD | 5 642.00426057434 TRY |
| 300 SGD | 8 463.0063908615 TRY |
| 400 SGD | 11 284.00852114867 TRY |
| 500 SGD | 14 105.01065143584 TRY |
| 600 SGD | 16 926.01278172301 TRY |
| 700 SGD | 19 747.01491201018 TRY |
| 800 SGD | 22 568.01704229734 TRY |
| 900 SGD | 25 389.01917258451 TRY |
| 1 000 SGD | 28 210.02130287168 TRY |
| 2 000 SGD | 56 420.04260574336 TRY |
| 5 000 SGD | 141 050.1065143584 TRY |
| 10 000 SGD | 282 100.21302871681 TRY |
| 20 000 SGD | 564 200.42605743362 TRY |
| 50 000 SGD | 1 410 501.06514358404 TRY |
| 100 000 SGD | 2 821 002.13028716808 TRY |