1 IQD to TRY - Convert Iraqi Dinar to Turkish Lira

Looking at the 30-day window, the IQD/TRY pair traded in a range of 0.034200 to 0.036600. The monthly average was 0.035565 with 1.83% volatility. This upward movement of 2.6% suggests significant momentum in the IQD/TRY exchange rate.

The current mid-market exchange rate is 1 IQD = 0.035633 TRY, updated as of July 3, 2026, 12:11 PM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Iraqi Dinar to Turkish Lira Exchange Rate

The IQD/TRY exchange rate tells you how many Turkish Lira (TRY) you receive for every Iraqi Dinar (IQD). At the current mid-market rate of 1 IQD = 0.035633 TRY, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

Understanding the IQD/TRY Conversion

Converting Iraqi Dinar to Turkish Lira involves the mid-market rate, which represents the midpoint between what buyers are willing to pay and what sellers are asking. Banks and money transfer services typically add a markup of 1-4% above this rate. By checking the live mid-market rate on this page before making any conversion, you can evaluate how competitive any quoted rate truly is and avoid paying more than necessary for your currency exchange.

What Affects the IQD to TRY Rate

Exchange rates between Iraqi Dinar and Turkish Lira are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the IQD/TRY rate fluctuates throughout trading sessions and over longer time periods.

Historical IQD/TRY Trends

The IQD/TRY exchange rate has fluctuated over time in response to economic cycles, policy changes, and global events. Reviewing historical charts helps identify whether the current rate is relatively favorable or unfavorable compared to recent averages. The 30-day, 90-day, and 1-year chart views on this page provide visual context for understanding where today's rate sits within the broader trend.

Iraqi Dinar Overview

The Iraqi Dinar (IQD) is the official currency of Iraq. The Central Bank of Iraq manages the currency through a managed float system, with oil exports providing the primary source of foreign exchange. Understanding the fundamentals behind IQD helps contextualize its exchange rate movements against TRY and other currencies.