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Retik Finance to Turkish Lira Converter and calculator

Convert 1Retik Finance (RETIK) to Turkish Lira (TRY) equals ₺ 2.78 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Retik Finance(RETIK) to Turkish Lira(TRY). This is the real-time data. The current conversion shows 1 RETIK at a value of 1 RETIK for 2.78 TRY . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

TRY information

About the Turkish Lira (TRY)

What Is the Turkish Lira (TRY)?

The Turkish Lira, represented by the symbol ₺ and the ISO code TRY, is the official currency of Turkey and Northern Cyprus. It is divided into 100 smaller units called kuruş. The lira, which has a rich history dating back to the Ottoman Empire, has undergone significant transformations over the years.

The Turkish Lira is issued by the Central Bank of the Republic of Turkey, which is the country's central bank. It is responsible for regulating and issuing the Turkish Lira as the official currency of Turkey. The Central Bank of Turkey is also responsible for monetary policy and maintaining the stability of the Turkish Lira in the financial markets.

What Is the History of TRY?

The lira's roots can be traced back to the ancient Roman unit of weight, the libra. The Ottoman lira was introduced in 1844, replacing the kuruş as the main unit of account. The first Turkish lira was introduced in 1923. Over the years, the lira experienced various pegs to foreign currencies, including the sterling and the franc, and later the US dollar. However, due to persistent devaluation, the lira's value fell drastically, leading to its ranking as the world's least valuable currency in certain years. In 2005, a significant revaluation occurred with the introduction of the new Turkish lira, which removed six zeros from the old currency. This change aimed to stabilize the currency and simplify financial transactions.

Notes and Coins of TRY

The coin denominations include 1, 5, 10, 25, and 50 kuruş, as well as the 1 lira coin. Each coin showcases distinct Turkish symbols and landmarks, such as the snowdrop on the 1 kuruş and the Bosphorus Bridge on the 50 kuruş. The banknotes, on the other hand, come in denominations of 5, 10, 20, 50, 100, and 200 liras. They are adorned with portraits of prominent Turkish figures, including Mustafa Kemal Atatürk.

Economic Challenges and Currency Crisis

The Turkish lira has faced significant challenges, particularly since 2018. Factors such as political influence on monetary policy, unorthodox banking methods, and external economic pressures have led to rapid inflation and depreciation of the lira. Despite attempts to stabilize the currency, including interest rate adjustments, the lira has continued to struggle, experiencing record lows against major currencies like the US dollar.

Is TRY A Stable Currency?

The Turkish Lira has been facing significant instability, marked by a notable depreciation against major currencies and high inflation rates. The lira's volatility is largely attributed to unconventional economic policies and political influence on monetary decisions. For instance, the lira experienced a dramatic decline in value, with inflation soaring to over 80% in 2022, as reported by various financial sources. This economic turbulence has been further exacerbated by global economic pressures and geopolitical factors. The currency's rapid devaluation was highlighted by its steep fall against the US Dollar, where it lost over 400% of its value since 2008.

Is TRY Pegged to Other Currencies?

The Turkish Lira (TRY) is not pegged to any specific foreign currency. Historically, Turkey has used various exchange rate regimes, including fixed pegs to foreign currencies, such as the US Dollar, in the past. However, the country transitioned to a more flexible exchange rate regime, which allows the lira's value to be determined by supply and demand in the foreign exchange market.

This move towards a floating exchange rate system occurred after the 2001 economic crisis in Turkey, which led to a major devaluation of the currency. Since then, the Turkish government has generally allowed the lira to float freely, with occasional interventions in the foreign exchange market to stabilize extreme fluctuations.

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Bitget crypto-to-fiat exchange data shows that the most popular Retik Finance currency pair is the RETIK to TRY, with for Retik Finance's currency code being RETIK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for TRY.

RETIK to TRY conversion rate trend

1D7D1M3M1YAll
In the past 1D, Retik Finance has changed +7.24% to TRY. Based on the trend and price charts, Retik Finance(RETIK) has changed +7.24% to TRY while Turkish Lira(TRY) has changed % to RETIK in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₺2.78
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/06/23 08:26:08(UTC+0)

How to buy Retik Finance

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Retik Finance (RETIK)
Use a variety of payment options to buy Retik Finance on Bitget. We'll show you how.

Buy RETIK (or USDT) for TRY (Turkish Lira) offers

Bitget P2P trading does not currently support direct buying of RETIK with TRY. However, you can buy USDT in Bitget P2P trading first, and then buy RETIK with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
G
GmzCoinVerified Merchant
12 tradesCompletion rate 92.00%
33.97 TRY
Amount39.06 USDT
Limit1000 - 1300 TRY
Bank TransferZirraat
Buy
B
BGUSER-WSN6TDPZVerified Merchant
1 tradesCompletion rate 100.00%
33.99 TRY
Amount111.02 USDT
Limit500 - 3750 TRY
ZirraatKuveyt TürkQNBİş BankasıVakifBank
Buy
(
($_TR_KRIPTO)Verified Merchant
18 tradesCompletion rate 90.00%
34 TRY
Amount200.06 USDT
Limit1000 - 6802.04 TRY
ZirraatPaparaİş Bankası
Buy
D
DIAMOND_EXCHANGEVerified Merchant
1 tradesCompletion rate 100.00%
34 TRY
Amount1162.57 USDT
Limit10000 - 39428 TRY
Bank TransferZirraatGarantiİş BankasıVakifBank
Buy
F
FastTransfer7Verified Merchant
139 tradesCompletion rate 98.00%
34.7 TRY
Amount1280.74 USDT
Limit5000 - 44440 TRY
Bank TransferZirraatGarantiKuveyt TürkEnparaQNBYapıKrediİş BankasıTEBDenizBankVakifBank
Buy

Sell RETIK (or USDT) for TRY (Turkish Lira) offers

Bitget P2P trading currently does not support direct selling of RETIK to TRY. However, you can first exchange RETIK for USDT in the Bitget spot market, and then sell USDT to TRY in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
B
BGUSER-0SQMAENUVerified Merchant
0 tradesCompletion rate 0.00%
33.52 TRY
Amount97868.18 USDT
Limit30000 - 2000000 TRY
Bank TransferZirraatGarantiPaparaKuveyt TürkEnparaQNBYapıKrediİş BankasıTEBVolet.com(Formerly Advcash)DenizBankVakifBank
Sell
O
OBD-CoinVerified Merchant
31 tradesCompletion rate 76.00%
32.75 TRY
Amount2196 USDT
Limit5000 - 80000 TRY
Bank TransferZirraatGarantiPaparaKuveyt TürkEnparaQNBYapıKrediİş BankasıTEBDenizBankVakifBank
Sell
V
VipCashVerified Merchant
264 tradesCompletion rate 96.00%
32.72 TRY
Amount13341.09 USDT
Limit1000 - 50000 TRY
Bank TransferZirraatGarantiKuveyt TürkEnparaQNBYapıKrediİş BankasıTEBDenizBankVakifBank
Sell
F
FAST_CRYPTO_7_24Verified Merchant
8 tradesCompletion rate 100.00%
32.67 TRY
Amount99059.89 USDT
Limit2500 - 310000 TRY
Bank TransferZirraatGarantiPaparaKuveyt TürkEnparaQNBYapıKrediİş BankasıTEBDenizBankVakifBank
Sell
d
demir dovizVerified Merchant
25 tradesCompletion rate 100.00%
32.63 TRY
Amount33302.16 USDT
Limit10000 - 900000 TRY
Bank TransferZirraatGarantiPaparaKuveyt TürkEnparaQNBYapıKrediİş BankasıTEBDenizBankVakifBank
Sell

What factors influence the conversion rate of Retik Finance to Turkish Lira?

Retik Finance to Turkish Lira is falling this week.
Retik Finance's current market price is ₺ 2.78 per RETIK, with a total market cap of ₺ 0 TRY based on a circulating supply of -- RETIK. The trading volume of Retik Finance has changed by +1.46% (₺ 1,003,685.07 TRY) in the last 24 hours. Last trading day, RETIK's trading volume was ₺ 68,698,498.88.
Market cap
$0
24h volume
$2.12M
Circulating supply
0 RETIK

Conversion tables

The exchange rate of Retik Finance is decreasing.
1 RETIK is currently valued at ₺ 2.78 TRY , which means buying 5 RETIK will cost ₺ 13.9 TRY . Similarly, ₺1 TRY can be traded for 0.3596 RETIK, and ₺50 TRY can be converted to 17.98 RETIK, excluding any platform or gas fees.
The exchange rate of 1 RETIK to Turkish Lira has changed by -7.51% in the last 7 days. In the last 24 hours, the rate has fluctuated by +7.24%, reaching a high of 2.88 TRY and a low of 2.5 TRY . One month ago, the value of 1 RETIK was ₺ 37.14 TRY , which represents a -92.44% change from its current value. Over the last year, Retik Finance has changed by
+
2.81TRY
, resulting in a change of --% in its value.

RETIK to TRY

Amount
08:26 am today
0.5 RETIK
1.39
1 RETIK
2.78
5 RETIK
13.9
10 RETIK
27.81
50 RETIK
139.04
100 RETIK
278.08
500 RETIK
1,390.4
1000 RETIK
2,780.79

TRY to RETIK

Amount08:26 am today
0.5TRY0.1798  RETIK
1TRY0.3596  RETIK
5TRY1.8  RETIK
10TRY3.6  RETIK
50TRY17.98  RETIK
100TRY35.96  RETIK
500TRY179.8  RETIK
1000TRY359.61  RETIK
Buy Retik Finance for 1 TRY
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Today vs. 24 hours ago

Amount08:26 am today24 hours ago24h change
0.5 RETIK$0.04235$0.03947
+7.24%
1 RETIK$0.08470$0.07893
+7.24%
5 RETIK$0.4235$0.3947
+7.24%
10 RETIK$0.8470$0.7893
+7.24%
50 RETIK$4.24$3.95
+7.24%
100 RETIK$8.47$7.89
+7.24%
500 RETIK$42.35$39.47
+7.24%
1000 RETIK$84.7$78.93
+7.24%

Today vs. 1 month ago

Amount08:26 am today1 month ago1M change
0.5 RETIK$0.04235$0.5656
-92.44%
1 RETIK$0.08470$1.13
-92.44%
5 RETIK$0.4235$5.66
-92.44%
10 RETIK$0.8470$11.31
-92.44%
50 RETIK$4.24$56.56
-92.44%
100 RETIK$8.47$113.12
-92.44%
500 RETIK$42.35$565.58
-92.44%
1000 RETIK$84.7$1,131.17
-92.44%
Buy Retik Finance for 1 TRY
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Today vs. 1 year ago

Amount08:26 am today1 year ago1Y change
0.5 RETIK$0.04235$-0.0004162
--
1 RETIK$0.08470$-0.0008324
--
5 RETIK$0.4235$-0.004162
--
10 RETIK$0.8470$-0.008324
--
50 RETIK$4.24$-0.04162
--
100 RETIK$8.47$-0.08324
--
500 RETIK$42.35$-0.4162
--
1000 RETIK$84.7$-0.8324
--

Retik Finance price prediction

What will the price of RETIK be in 2025?

Based on RETIK's historical price performance prediction model, the price of RETIK is projected to reach -- in 2025.

What will the price of RETIK be in 2030?

In 2030, the RETIK price is expected to rise by -10.00%. By the end of 2030, the RETIK price is projected to reach --, with a cumulative ROI of 0.00%.
Buy Retik Finance for 1 TRY
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Buy Retik Finance for 1 TRY
A welcome pack worth 1000 USDT for new Bitgetters!
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Buy Retik Finance for 1 TRY
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Retik Finance now

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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Retik Finance and TRY.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Retik Finance and TRY. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Retik Finance in TRY, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

Buy Retik Finance for 1 TRY

A welcome pack worth 1000 USDT for new Bitgetters!

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.