Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info Shiba Inu

Shiba Inu to Turkish Lira Converter and calculator

Convert 1Shiba Inu (SHIB) to Turkish Lira (TRY) equals ₺ 0.0007003 | Bitget

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.

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

SHIB to TRY conversion rate trend

1D7D1M3M1YAll
In the past 1D, Shiba Inu has changed -4.26% to TRY. Based on the trend and price charts, Shiba Inu(SHIB) has changed -4.26% to TRY while Turkish Lira(TRY) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₺0.0006909
0.0001% / 0.0004%vip-iconVIP
Binance
₺0.0006955
0.1000% / 0.1000%
Yes
Coinbase Exchange
₺0.0006938
0.1000% / 0.1000%
Yes
Kraken
₺0.0006958
0.1000% / 0.1000%
Yes
OKX
₺0.0006951
0.080% / 0.100%
Yes
Huobi
₺0.0006948
0.1000% / 0.1000%
Yes
Gate.io
₺0.0006948
0.1000% / 0.1000%
Yes
Bybit
₺0.0006948
0.1000% / 0.1000%
Yes
KuCoin
₺0.0006951
0.1000% / 0.1000%
Yes
Bitfinex
₺0.0006909
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 03:00:38(UTC+0)

What factors influence the conversion rate of Shiba Inu to Turkish Lira?

Shiba Inu to Turkish Lira is falling this week.
Shiba Inu's current market price is ₺ 0.0007003 per SHIB, with a total market cap of ₺ 412,689,981,408.49 TRY based on a circulating supply of 589,289,440,000,000 SHIB. The trading volume of Shiba Inu has changed by -5.54% (₺ -1,036,974,468.00 TRY) in the last 24 hours. Last trading day, SHIB's trading volume was ₺ 18,716,599,306.93.
Market cap
$12.67B
24h volume
$542.74M
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is decreasing.
1 SHIB is currently valued at ₺ 0.0007003 TRY , which means buying 5 SHIB will cost ₺ 0.003502 TRY . Similarly, ₺1 TRY can be traded for 1,427.92 SHIB, and ₺50 TRY can be converted to 71,396.13 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Turkish Lira has changed by -22.12% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.26%, reaching a high of 0.0007476 TRY and a low of 0.0006824 TRY . One month ago, the value of 1 SHIB was ₺ 0.0008192 TRY , which represents a -14.51% change from its current value. Over the last year, Shiba Inu has changed by
+
0.0003488TRY
, resulting in a change of +99.26% in its value.

SHIB to TRY

Amount
03:10 am today
0.5 SHIB
0.0003502
1 SHIB
0.0007003
5 SHIB
0.003502
10 SHIB
0.007003
50 SHIB
0.03502
100 SHIB
0.07003
500 SHIB
0.3502
1000 SHIB
0.7003

TRY to SHIB

Amount03:10 am today
0.5TRY713.96  SHIB
1TRY1,427.92  SHIB
5TRY7,139.61  SHIB
10TRY14,279.23  SHIB
50TRY71,396.13  SHIB
100TRY142,792.27  SHIB
500TRY713,961.34  SHIB
1000TRY1,427,922.67  SHIB
share

Today vs. 24 hours ago

Amount03:10 am today24 hours ago24h change
0.5 SHIB$0.{4}1075$0.{4}1123
-4.26%
1 SHIB$0.{4}2150$0.{4}2245
-4.26%
5 SHIB$0.0001075$0.0001123
-4.26%
10 SHIB$0.0002150$0.0002245
-4.26%
50 SHIB$0.001075$0.001123
-4.26%
100 SHIB$0.002150$0.002245
-4.26%
500 SHIB$0.01075$0.01123
-4.26%
1000 SHIB$0.02150$0.02245
-4.26%

Today vs. 1 month ago

Amount03:10 am today1 month ago1M change
0.5 SHIB$0.{4}1075$0.{4}1257
-14.51%
1 SHIB$0.{4}2150$0.{4}2515
-14.51%
5 SHIB$0.0001075$0.0001257
-14.51%
10 SHIB$0.0002150$0.0002515
-14.51%
50 SHIB$0.001075$0.001257
-14.51%
100 SHIB$0.002150$0.002515
-14.51%
500 SHIB$0.01075$0.01257
-14.51%
1000 SHIB$0.02150$0.02515
-14.51%

Today vs. 1 year ago

Amount03:10 am today1 year ago1Y change
0.5 SHIB$0.{4}1075$0.{5}5396
+99.26%
1 SHIB$0.{4}2150$0.{4}1079
+99.26%
5 SHIB$0.0001075$0.{4}5396
+99.26%
10 SHIB$0.0002150$0.0001079
+99.26%
50 SHIB$0.001075$0.0005396
+99.26%
100 SHIB$0.002150$0.001079
+99.26%
500 SHIB$0.01075$0.005396
+99.26%
1000 SHIB$0.02150$0.01079
+99.26%

FAQ

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.