It shows how much the USD (base currency) is worth as measured against the TRY (counter currency). For example, USD/TRY = 3.601 indicates that one US Dollar can buy 3.601 Turkish Liras.

The U.S. Dollar Index (DXY) measures the value of USD against a basket of foreign currencies. DXY is used by traders to gauge the strength of USD in global markets. Observing DXY helps investors ...