Despite the difficult times, there were highlights too. Back in 1980’s up until early 2001, Turkey achieves the annual GDP growth rate of 5%. By this time, Turkey’s GDP grew more than that of Germany, Japan and US. This was a good time for their currency as it has higher value.

Turkish Lira Exchange rate with the US dollar was recognized in 1975 and became more established in the 1980’s. The Turkish Lira though was greatly affected by Turkey’s economic performance. What is good about this is that turkey always finds a solution to their economic issues which also help them strengthen their currency. Analysts give importance to finding solutions and the country continuously work on governmental debts and monetization.

Turkish Lira exchange rate over dollar in 1960’s shows that one US Dollar is equivalent to just nine Lira. During the year 2004, one US Dollar is already equivalent to 1,350,000 lira. That is why when the year 2005 entered, Turkish government started to drop off six zeros from their currency. That was the start of the big difference between the old and new Turkish lira. Turkish Lira Exchange rate over dollar remains within the range of 1.26 to 1.55 lira per dollar. The old and new lira was then used until the end of 2005.

After 2009, the so called New Turkish Lira was then replaced by Turkish Lira. Today, exchange rate of one dollar to lira is about 1.44. Although Turkish Lira holds the Guinness Book of World Records as the World’s Least Valuable Currency, the future can always turn things around just like what it did to other currencies.