Currency exchange rate Turkish Lira against the Magi. Chart, history price and prediction on tomorrow, next month, 2024 year

On this page, you can always find detailed information about the Turkish Lira currency exchange rate against the Magi currency:
currency exchange rate history, background information, prediction and more about TRY/XMG

Chart of History of changes in the TRY/XMG exchange rate

TRY/XMG exchange rate on today

06 15, 2020
1 TRY = 7.532094 XMG
▼ -0.23 %

This page provides information about the currency pair Turkish Lira/Magi, and more precisely about how much 1 Turkish Lira costs in Magi.

Data on the currency pair TRY/XMG are presented by the world's leading exchanges and Central banks of the countries that issue these currencies. We constantly update this data so that you get only the most up-to-date information about the currency pair TRY/XMG and make a balanced decision about buying and selling the currency you are interested in.

The page also provides information about the dynamics of the exchange rate of Turkish Lira/Magi, statistics and prediction of the exchange rate of these currencies in the near future from our experts.

How to make a forecast for currencies and cryptocurrencies?

There are several approaches to forecasting the exchange rate of currencies and cryptocurrencies:

  1. Fundamental analysis: This approach involves analyzing economic and financial data to determine the intrinsic value of a currency or cryptocurrency. This can include factors such as interest rates, inflation rates, economic growth, political stability, and fiscal policy. Based on this analysis, investors can make predictions about the future exchange rate.

  2. Technical analysis: This approach involves analyzing past market data, such as price and volume, to identify patterns and trends that can be used to predict future market movements. Technical analysis can be used to identify support and resistance levels, momentum indicators, and other factors that can influence the exchange rate.

  3. Sentiment analysis: This approach involves analyzing market sentiment and investor behavior to predict future market movements. Sentiment analysis can include monitoring social media, news articles, and other sources of market sentiment to gauge investor sentiment and predict market movements.

  4. Machine learning: This approach involves using statistical models and machine learning algorithms to analyze vast amounts of market data and make predictions about future market movements. Machine learning can be used to identify patterns and relationships in market data that might not be visible to the human eye.

In summary, there are several approaches to forecasting the exchange rate of currencies and cryptocurrencies, including fundamental analysis, technical analysis, sentiment analysis, and machine learning. Each approach has its strengths and weaknesses, and investors may use a combination of approaches to make more accurate predictions about future market movements.

Change in the TRY/XMG exchange rate over the past 30 days

For the last 30 days (05 17, 2020 — 06 15, 2020) the Turkish Lira exchange rate against the Magi currency changed by -7.96% (8.183837 XMG — 7.532094 XMG)

Change in the TRY/XMG exchange rate over the past 90 days

For the last 90 days (04 10, 2020 — 06 15, 2020) the Turkish Lira exchange rate against the Magi currency changed by -28.72% (10.5676 XMG — 7.532094 XMG)

Change in the TRY/XMG exchange rate over the past 365 days

For the last 365 days (04 10, 2020 — 06 15, 2020) the Turkish Lira exchange rate against the Magi currency changed by -28.72% (10.5676 XMG — 7.532094 XMG)

Change in the TRY/XMG exchange rate for all time

For all the time our site has been running (04 10, 2020 — 06 15, 2020) the Turkish Lira exchange rate against the Magi currency changed by -28.72% (10.5676 XMG — 7.532094 XMG)

Turkish Lira/Magi price prediction

Turkish Lira/Magi price prediction for the next 30 days*

16/05 7.542126 XMG ▲ 0.13 %
17/05 7.183616 XMG ▼ -4.75 %
18/05 6.966273 XMG ▼ -3.03 %
19/05 7.041418 XMG ▲ 1.08 %
20/05 10.5863 XMG ▲ 50.34 %
21/05 10.5685 XMG ▼ -0.17 %
22/05 10.5344 XMG ▼ -0.32 %
23/05 10.5387 XMG ▲ 0.04 %
24/05 10.5419 XMG ▲ 0.03 %
25/05 10.6377 XMG ▲ 0.91 %
26/05 9.671576 XMG ▼ -9.08 %
27/05 10.7593 XMG ▲ 11.25 %
28/05 10.5876 XMG ▼ -1.6 %
29/05 10.5791 XMG ▼ -0.08 %
30/05 10.5868 XMG ▲ 0.07 %
31/05 10.6001 XMG ▲ 0.13 %
01/06 10.4359 XMG ▼ -1.55 %
02/06 10.9331 XMG ▲ 4.76 %
03/06 10.8878 XMG ▼ -0.41 %
04/06 10.8548 XMG ▼ -0.3 %
05/06 10.8322 XMG ▼ -0.21 %
06/06 10.8406 XMG ▲ 0.08 %
07/06 10.6825 XMG ▼ -1.46 %
08/06 10.5558 XMG ▼ -1.19 %
09/06 10.6367 XMG ▲ 0.77 %
10/06 10.6136 XMG ▼ -0.22 %
11/06 10.581 XMG ▼ -0.31 %
12/06 10.5941 XMG ▲ 0.12 %
13/06 10.592 XMG ▼ -0.02 %
14/06 14.4197 XMG ▲ 36.14 %

* — Price prediction of the Turkish Lira/Magi currency pair are compiled by our specialists based on statistical data, global trends and major business news. Price prediction for 30 days, 3 months, and a year are made by different experts and may have slight differences.

Turkish Lira/Magi price prediction for the next 3 months*

20/05 — 26/05 4.269101 XMG ▼ -43.32 %
27/05 — 02/06 3.930228 XMG ▼ -7.94 %
03/06 — 09/06 3.686467 XMG ▼ -6.2 %
10/06 — 16/06 2.677336 XMG ▼ -27.37 %
17/06 — 23/06 2.573377 XMG ▼ -3.88 %
24/06 — 30/06 2.771948 XMG ▲ 7.72 %
01/07 — 07/07 3.992131 XMG ▲ 44.02 %
08/07 — 14/07 3.989196 XMG ▼ -0.07 %
15/07 — 21/07 4.012975 XMG ▲ 0.6 %
22/07 — 28/07 4.962318 XMG ▲ 23.66 %

Turkish Lira/Magi price prediction for the next year*

06/2024 4.376563 XMG ▼ -41.89 %
07/2024 5.385792 XMG ▲ 23.06 %
08/2024 6.937668 XMG ▲ 28.81 %

Turkish Lira/Magi exchange rate statistics

For 30 days
Minimum 0.03539451 XMG
Maximum 8.209325 XMG
Weighted Average 5.464235 XMG
For 90 days
Minimum 0.03105014 XMG
Maximum 10.6008 XMG
Weighted Average 4.952225 XMG
For 365 days
Minimum 0.03105014 XMG
Maximum 10.6008 XMG
Weighted Average 4.952225 XMG

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Our expert

All forecasts on our website are made by our professional financial experts. Here are just a few of them:

Anthony Carter Anthony Carter CEO, lead analyst
David Bailey David Bailey Managing Director, Director of research Department
Anthony Glenn Anthony Glenn Deputy head of analytical Department
Joseph Hensley Joseph Hensley Senior analyst, markets and equities Department