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PSP to TRY Converter and calculator

PSP/TRY: 1 PSP = 0.6008 TRY. The price of converting 1 ParaSwap (PSP) to Turkish Lira (TRY) is 0.6008 TRY today.
PSP
PSP
TRY
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PSP to TRY real-time exchange rates, making it easy to convert ParaSwap (PSP) to Turkish Lira (TRY). The conversion result is based on real-time data. The conversion result shows that 1 PSP is currently valued at 0.60 TRY. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PSP is currently valued at 0.60 TRY, which means buying 5 PSP would cost 3.00 TRY. Similarly, ₺1 TRY can be converted to 1.66 PSP, and ₺50 TRY can be converted to 8.32 PSP, excluding any platform or gas fees.

Convert PSP to TRY

Convert TRY to PSP

ParaSwap
Turkish Lira
5000 PSP
3,004.06  TRY
10000 PSP
6,008.12  TRY
In the table above, you'll find a comprehensive PSP to TRY converter that shows the value of ParaSwap in Turkish Lira across commonly used conversion amounts. The list covers conversions from 1 PSP to TRY, all the way up to 10000 PSP, providing a clear view of their respective values.
Turkish Lira
ParaSwap
10000 TRY
16,644.13 PSP
50000 TRY
83,220.65 PSP
100000 TRY
166,441.31 PSP
In the table above, you'll find a comprehensive TRY to PSP converter that shows the value of Turkish Lira in ParaSwap across commonly used conversion amounts. The list covers conversions from 1 TRY to PSP, all the way up to 100000 TRY, providing a clear view of their respective values.

PSP to TRY chart

PSP/TRY: 1 PSP = 0.6008 TRY; 2025/05/04 23:03:45
In the past 1D, ParaSwap has changed -0.87% to TRY. Based on the trend and price charts, ParaSwap(PSP) has changed -0.87% to TRY while Turkish Lira(TRY) has changed % to PSP in the last 24 hours.
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PSP to TRY conversion data: Volatility and price changes of ParaSwap in TRY

The highest ParaSwap price in TRY over the past 7 days was 0.7205 TRY while the lowest ParaSwap price in TRY over the past 7 days was 0.5821 TRY. The relative change between the highs and lows in ParaSwap price in TRY over the last 7 days indicates a volatility of %. You can view additional volatility data and PSP to TRY prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.6071 TRY
0.7205 TRY
0.7205 TRY
0.9647 TRY
Low
0.5962 TRY
0.5821 TRY
0.5189 TRY
0.5189 TRY
Average
0 TRY
0 TRY
0 TRY
0 TRY
Volatility
%
%
%
%
Change
-0.87%
-1.47%
-8.76%
-29.99%

ParaSwap information

PSP to TRY market statistics

PSP/TRY:
₺0.6008
PSP 24h volume:
₺948,426.39
PSP market cap:
₺447,591,358.92
PSP circulating supply:
744.98M PSP

Current PSP to TRY exchange rate

ParaSwap to Turkish Lira is falling this week.
ParaSwap's current market price is ₺0.6008 per PSP, with a total market cap of ₺447,591,358.92 TRY based on a circulating supply of 744,976,900 PSP. The trading volume of ParaSwap has changed by -65.09% (₺-1,768,660.62 TRY) in the last 24 hours. Last trading day, PSP's trading volume was ₺2,717,087.01.

More info about ParaSwap on Bitget

Turkish Lira 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.

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

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How to convert PSP to TRY

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Bitget P2P trading does not currently support direct buying of PSP with TRY. However, you can buy USDT in Bitget P2P trading first, and then buy PSP with USDT via Bitget spot market.
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1 PSP to ₺0.6008 TRY
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PSP to TRY Conversion tables

The exchange rate of ParaSwap is decreasing.
The exchange rate of 1 PSP to Turkish Lira has changed by -1.47% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.87%, reaching a high of 0.6071 TRY and a low of 0.5962 TRY . One month ago, the value of 1 PSP was ₺0.6585 TRY , which represents a -8.76% change from its current value. Over the last year, ParaSwap has changed by
-
0.6539TRY
, resulting in a change of -52.12% in its value.
24 hours ago1 month ago1 year ago
Amount23:03 today24 hours ago24h change
0.5 PSP₺0.3004₺0.3030
-0.87%
1 PSP₺0.6008₺0.6061
-0.87%
5 PSP₺3₺3.03
-0.87%
10 PSP₺6.01₺6.06
-0.87%
50 PSP₺30.04₺30.3
-0.87%
100 PSP₺60.08₺60.61
-0.87%
500 PSP₺300.41₺303.04
-0.87%
1000 PSP₺600.81₺606.08
-0.87%

PSP to TRY FAQ

How much is 1 ParaSwap in TRY?
Right now, the price of 1 ParaSwap (PSP) in Turkish Lira (TRY) is ₺0.6008.
How much PSP can I buy for 1 TRY?
Based on the current exchange rate, you can get 1.66 PSP for 1 TRY.
How do I calculate or convert PSP to TRY?
You can use our PSP to TRY calculator at the top of this page to convert any amount of PSP to TRY. We've also included quick-reference tables for the most popular conversions. For example, 5 TRY is equivalent to 8.32 PSP, while 5 PSP will cost around 3TRY.
What is the highest price of PSP/TRY in history?
The all-time high price of 1 PSP in TRY is ₺292.68. It remains to be seen if the value of 1 PSP/TRY will exceed the current all-time high.
What is the price trend of ParaSwap in TRY?
Over the past 7 days, the exchange rate of ParaSwap (PSP) has gone down by 1.47%.   Over the last month, the exchange rate of ParaSwap (PSP) has gone down by 8.76% against Turkish Lira (TRY).

What factors influence the conversion rate of PSP to TRY?

There are many factors that affect the relationship between ParaSwap and Turkish Lira, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of PSP/TRY. When there is positive news in the market about the widespread adoption of PSP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PSP/TRY. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PSP/TRY.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of PSP/TRY. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of ParaSwap and adjust their investment strategies accordingly in the evolving market.

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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.