Canadian Dollar / Turkish Lira

CAD/TRY is the cross rate showing the Turkish lira value of the Canadian dollar. The Canadian dollar is managed by the Bank of Canada. Among advanced economies, Canada stands out for its natural resource exports; crude oil, natural gas, metals and forest products hold a large place in its foreign trade. The Canadian dollar's subunit is the cent.

Most of Canada's exports go to the US, so the Canadian dollar is sensitive both to oil prices and to developments in the US economy. Bank of Canada interest rate decisions under its inflation-targeting framework, along with employment and price data, also affect the currency's value.

CAD/TRY is formed by the combination of the Canadian dollar's moves against the US dollar and the Turkish lira's general trend. It is also one of the rates followed by people with relatives studying or living in Canada. The CAD/TRY value shown on Lzzo.com is a cross reference calculated from market exchange rates; it is not a bank buy/sell rate.