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Multichain to Turkish Lira Converter and calculator

Convert 1Multichain (MULTI) to Turkish Lira (TRY) equals ₺ 4.46 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Multichain(MULTI) to Turkish Lira(TRY). This is the real-time data. The current conversion shows 1 MULTI at a value of 1 MULTI for 4.46 TRY . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

TRY 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.

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

MULTI to TRY conversion rate trend

1D7D1M3M1YAll
In the past 1D, Multichain has changed -7.61% to TRY. Based on the trend and price charts, Multichain(MULTI) has changed -7.61% to TRY while Turkish Lira(TRY) has changed % to MULTI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₺15.85
0.0200% / 0.0320%vip-iconVIP 7
Binance
₺29.38
0.1000% / 0.1000%
Yes
Huobi
₺25.54
0.1000% / 0.1000%
Yes
Gate.io
₺14.5
0.1000% / 0.1000%
Yes
Last updated 2024/12/25 16:00:13(UTC+0)

How to buy Multichain

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Multichain (MULTI)
Use a variety of payment options to buy Multichain on Bitget. We'll show you how.

Buy MULTI (or USDT) for TRY (Turkish Lira) offers

Bitget P2P trading does not currently support direct buying of MULTI with TRY. However, you can buy USDT in Bitget P2P trading first, and then buy MULTI with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
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Zero fees
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Sell MULTI (or USDT) for TRY (Turkish Lira) offers

Bitget P2P trading currently does not support direct selling of MULTI to TRY. However, you can first exchange MULTI for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of Multichain to Turkish Lira?

Multichain to Turkish Lira is rising this week.
Multichain's current market price is ₺ 4.46 per MULTI, with a total market cap of ₺ 64,863,988.7 TRY based on a circulating supply of 14,541,094 MULTI. The trading volume of Multichain has changed by -13.93% (₺ -666,423.14 TRY) in the last 24 hours. Last trading day, MULTI's trading volume was ₺ 4,783,501.92.
Market cap
$1.84M
24h volume
$116.88K
Circulating supply
14.54M MULTI

Conversion tables

The exchange rate of Multichain is decreasing.
1 MULTI is currently valued at ₺ 4.46 TRY , which means buying 5 MULTI will cost ₺ 22.3 TRY . Similarly, ₺1 TRY can be traded for 0.2242 MULTI, and ₺50 TRY can be converted to 11.21 MULTI, excluding any platform or gas fees.
The exchange rate of 1 MULTI to Turkish Lira has changed by +5.48% in the last 7 days. In the last 24 hours, the rate has fluctuated by -7.61%, reaching a high of 5.14 TRY and a low of 2.89 TRY . One month ago, the value of 1 MULTI was ₺ 5.13 TRY , which represents a -12.99% change from its current value. Over the last year, Multichain has changed by
-
63TRY
, resulting in a change of -93.37% in its value.

MULTI to TRY

Amount
20:06 today
0.5 MULTI
2.23
1 MULTI
4.46
5 MULTI
22.3
10 MULTI
44.61
50 MULTI
223.04
100 MULTI
446.07
500 MULTI
2,230.37
1000 MULTI
4,460.74

TRY to MULTI

Amount20:06 today
0.5TRY0.1121  MULTI
1TRY0.2242  MULTI
5TRY1.12  MULTI
10TRY2.24  MULTI
50TRY11.21  MULTI
100TRY22.42  MULTI
500TRY112.09  MULTI
1000TRY224.18  MULTI

Today vs. 24 hours ago

Amount20:06 today24 hours ago24h change
0.5 MULTI$0.06332$0.06854
-7.61%
1 MULTI$0.1266$0.1371
-7.61%
5 MULTI$0.6332$0.6854
-7.61%
10 MULTI$1.27$1.37
-7.61%
50 MULTI$6.33$6.85
-7.61%
100 MULTI$12.66$13.71
-7.61%
500 MULTI$63.32$68.54
-7.61%
1000 MULTI$126.64$137.08
-7.61%

Today vs. 1 month ago

Amount20:06 today1 month ago1M change
0.5 MULTI$0.06332$0.07279
-12.99%
1 MULTI$0.1266$0.1456
-12.99%
5 MULTI$0.6332$0.7279
-12.99%
10 MULTI$1.27$1.46
-12.99%
50 MULTI$6.33$7.28
-12.99%
100 MULTI$12.66$14.56
-12.99%
500 MULTI$63.32$72.79
-12.99%
1000 MULTI$126.64$145.58
-12.99%

Today vs. 1 year ago

Amount20:06 today1 year ago1Y change
0.5 MULTI$0.06332$0.9576
-93.37%
1 MULTI$0.1266$1.92
-93.37%
5 MULTI$0.6332$9.58
-93.37%
10 MULTI$1.27$19.15
-93.37%
50 MULTI$6.33$95.76
-93.37%
100 MULTI$12.66$191.52
-93.37%
500 MULTI$63.32$957.6
-93.37%
1000 MULTI$126.64$1,915.21
-93.37%

Multichain price prediction

What will the price of MULTI be in 2025?

Based on MULTI's historical price performance prediction model, the price of MULTI is projected to reach $0.4184 in 2025.

What will the price of MULTI be in 2030?

In 2030, the MULTI price is expected to change by +6.00%. By the end of 2030, the MULTI price is projected to reach $1.13, with a cumulative ROI of +388.62%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Multichain and TRY.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Multichain and TRY. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Multichain in TRY, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.