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Turkish lira to Nigerian naira Exchange Rate History - XTransfer

Turkish lira to Nigerian naira Historical Exchange Rates

Welcome to the TRY to NGN exchange rate history page. This page contains detailed daily historical exchange rates between TRY and NGN from 2025-3-8 to 2026-04-04, making it easy to look up and reference.

Amount
Result

1 TRY = 31.2385 NGN

05:30 Exchange Rate

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1 Turkish lira to Nigerian naira Historical Exchange Rate Trends

1 TRY = -- NGN

05:30 Exchange Rate

TRY - NGN+0%
7D
1M
3M
Invalid DateInvalid Date

1 Turkish lira to Nigerian naira Data Statistics

This section organizes the historical exchange rate data of 1 TRY to NGN, including daily data over the past 1 day, 15 days, 30 days, and 90 days. It also marks the highest, lowest, and average rates during each period, helping you easily understand how the exchange rate has changed over time, which is useful for currency exchange, transfers, or investment decisions.

Time
Past 1 day
Past 15 day
Past 30 day
Past 90 day
High
31.2385
31.57
31.7448
34.2185
Low
31.2385
30.9804
30.5726
30.4077
Average
31.2385
31.3061
31.3258
32.308

Past 7 days historical exchange rates

Below are the daily average exchange rates of TRY to NGN for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of NGN to TRY, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.

TRY to NGN - Last 7 Days

TRYTRYNGNNGN
2026-04-04
31.2385
TRYTRYNGNNGN
2026-04-03
30.9804
TRYTRYNGNNGN
2026-04-02
31.094
TRYTRYNGNNGN
2026-04-01
31.4298
TRYTRYNGNNGN
2026-03-31
31.433
TRYTRYNGNNGN
2026-03-30
31.3342
TRYTRYNGNNGN
2026-03-29
31.3342

NGN to TRY - Last 7 Days

NGNNGNTRYTRY
2026-04-04
0.032
NGNNGNTRYTRY
2026-04-03
0.0323
NGNNGNTRYTRY
2026-04-02
0.032
NGNNGNTRYTRY
2026-04-01
0.0318
NGNNGNTRYTRY
2026-03-31
0.032
NGNNGNTRYTRY
2026-03-30
0.0319
NGNNGNTRYTRY
2026-03-29
0.0319

TRYTRY - Turkish Lira

The Turkish Lira has undergone several currency reforms, and the current version has been in circulation since 2005. TRY reflects the diversity and challenges of the Turkish economy.

  • Supporting unit:1 lira = 100 kuruş
  • Denomination of banknotes:5, 10, 20, 50, 100, 200 lira
  • Reserve currency:No, the US dollar and the euro are the main reserve currencies.
  • Banknote material:Paper, featuring multiple anti-counterfeiting designs.
  • Metal composition:Copper-nickel alloy, stainless steel
  • Currency symbol:
  • Paper currency size:For example, 100 lira is approximately 155mm × 70mm.
  • language:en
  • Main unit:Lira
  • ISO code:TRY
  • Currency name:Turkish Lira
  • Exchange Rate System:Floating exchange rate system
  • Central Bank:Central Bank of the Republic of Turkey
  • Safe-haven currency:No, it is highly volatile and not a safe-haven currency.
  • Coin denomination:1, 5, 10, 25, 50 kurush, 1 lira
  • Countries of Use:Turkey
  • Cross-border payment:The Turkish lira can be used for international settlements through SWIFT, but due to currency fluctuations, the US dollar and the euro are often used in cross-border trade.

NGNNGN - Nigerian Naira

The naira was introduced in 1973 as a replacement for the Nigerian pound. The NGN plays a central role in Africa's largest economy, supporting a diversified economy, particularly the oil and agriculture industries.

  • Supporting unit:1 Naira = 100 Kobo
  • Denomination of banknotes:5, 10, 20, 50, 100, 200, 500, 1000 Naira
  • Reserve currency:No, the primary reserves consist of foreign currencies such as USD, EUR, and RMB.
  • Banknote material:Most are paper-based, while some small denominations are made of polymer.
  • Metal composition:Nickel-plated steel core, copper alloy, aluminum alloy, etc.
  • Currency symbol:
  • Paper currency size:For example, 1000 Naira is approximately 151mm × 78mm.
  • language:en
  • Main unit:Naira
  • ISO code:NGN
  • Currency name:Nigerian Naira
  • Exchange Rate System:Regulated floating exchange rate system
  • Central Bank:Central Bank of Nigeria
  • Safe-haven currency:No, there are significant fluctuations in exchange rates and strong capital controls.
  • Coin denomination:50 Cobos, 1, 2 Naira (seldom used).
  • Countries of Use:Nigeria is the only country where it is used officially.
  • Cross-border payment:Naira is not freely convertible in the international market and is primarily settled through the SWIFT network and banking intermediaries. Cross-border payments often use the US dollar or euro as intermediary currencies, which limits efficiency.

FAQ

Based on the historical patterns of Turkish lira to Nigerian naira, is now a good time to exchange?

To judge the timing for exchanging Turkish lira to Nigerian naira, one must compare current rates with the average over the past year or even five years. If the current Turkish lira rate is well above the historical average, it usually means TRY is in a strong period, making it a good window for settlement into NGN. Conversely, if Turkish lira is at a historical low, it is recommended for exporters to hold TRY in batches and avoid the troughs to minimize losses when converting to NGN.

What are the main reasons affecting the historical volatility of TRY to NGN recently?

The core factor affecting the historical volatility of Turkish lira to Nigerian naira recently is the divergence in monetary policies between the two countries. When interest rate hikes are implemented, the attractiveness of TRY tends to increase, leading to a significant rise in its historical exchange rate against NGN. Additionally, fluctuations in global trade data and inflation levels trigger safe-haven demand for TRY, thereby intensifying the frequency of two-way volatility between Turkish lira and Nigerian naira.

Has TRY experienced a sharp plunge against NGN before? How can I protect myself?

Historically, Turkish lira against Nigerian naira has indeed experienced violent fluctuations or even plunges due to policy shocks or economic crises. The best way to hedge against Turkish lira exchange rate risk is to analyze its historical volatility cycles and avoid betting on a one-sided market at a single high point. It is recommended to use batch settlement or forward locking tools to keep the volatility risk of TRY to NGN within an acceptable trade cost range.

Is the current exchange rate of Turkish lira to Nigerian naira considered a historical high or low?

To evaluate the current level of TRY to NGN, one must examine the currency pair's long-term trend chart. By comparing the peaks and troughs of the past five years, you can clearly see if Turkish lira is approaching a historical resistance level. If the current TRY price has broken through highs from years ago, it indicates that TRY is at an extreme high; exchanging Turkish lira to Nigerian naira now can often lock in more substantial trade profits than in previous years.

How accurate are the AI-predicted exchange rates for Turkish lira to Nigerian naira?

AI predictions for TRY to NGN are trend references derived from historical big data and market sentiment models. While AI can capture the operational patterns of TRY through algorithms, it is difficult to 100% predict sudden international political events or unexpected policy adjustments. Therefore, the predicted values for Turkish lira to Nigerian naira should serve as supplementary advice for settlement timing, rather than an absolute execution guarantee.

How to stabilize exchange rates through convenient payment methods?

To stabilize profit fluctuations caused by exchange rates, the key is to shorten the decision-making link for settlement. By opening a global collection account online through XTransfer, foreign trade enterprises can move away from traditional banks' cumbersome offline declaration processes and lock in ideal rates for real-time settlement on their phones anytime, anywhere. This digital and convenient payment method from XTransfer frees you from bank hours and complex document reviews, allowing you to more autonomously capture market highs and ensure every payment is secured, effectively hedging against exchange loss risks.
Disclaimer: The exchange rate data on this page is collected from public sources for reference only. Due to frequent fluctuations, XTransfer cannot guarantee accuracy or timeliness. Please refer to the real-time quotes from banks, related institutions, or trading systems.