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VTG to TRY Converter and calculator

VTG/TRY: 1 VTG = 0.005589 TRY. The price of converting 1 Victory Gem (VTG) to Turkish Lira (TRY) is 0.005589 TRY today.
VTG
VTG
TRY
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides VTG to TRY real-time exchange rates, making it easy to convert Victory Gem (VTG) to Turkish Lira (TRY). The conversion result is based on real-time data. The conversion result shows that 1 VTG is currently valued at 0.01 TRY. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 VTG is currently valued at 0.01 TRY, which means buying 5 VTG would cost 0.03 TRY. Similarly, ₺1 TRY can be converted to 178.92 VTG, and ₺50 TRY can be converted to 894.6 VTG, excluding any platform or gas fees.

Convert VTG to TRY

Convert TRY to VTG

Victory Gem
Turkish Lira
In the table above, you'll find a comprehensive VTG to TRY converter that shows the value of Victory Gem in Turkish Lira across commonly used conversion amounts. The list covers conversions from 1 VTG to TRY, all the way up to 10000 VTG, providing a clear view of their respective values.
Turkish Lira
Victory Gem
1000 TRY
178,919.96 VTG
2000 TRY
357,839.93 VTG
5000 TRY
894,599.81 VTG
10000 TRY
1,789,199.63 VTG
50000 TRY
8,945,998.13 VTG
100000 TRY
17,891,996.27 VTG
In the table above, you'll find a comprehensive TRY to VTG converter that shows the value of Turkish Lira in Victory Gem across commonly used conversion amounts. The list covers conversions from 1 TRY to VTG, all the way up to 100000 TRY, providing a clear view of their respective values.

VTG to TRY chart

VTG/TRY: 1 VTG = 0.005589 TRY; 2025/04/29 17:02:01
In the past 1D, Victory Gem has changed +3.54% to TRY. Based on the trend and price charts, Victory Gem(VTG) has changed +3.54% to TRY while Turkish Lira(TRY) has changed % to VTG in the last 24 hours.
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VTG to TRY conversion data: Volatility and price changes of Victory Gem in TRY

The highest Victory Gem price in TRY over the past 7 days was 0.005640 TRY while the lowest Victory Gem price in TRY over the past 7 days was 0.004784 TRY. The relative change between the highs and lows in Victory Gem price in TRY over the last 7 days indicates a volatility of %. You can view additional volatility data and VTG 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
0.005590 TRY
0.005640 TRY
0.007141 TRY
0.009521 TRY
Low
0.005387 TRY
0.004784 TRY
0.004651 TRY
0.004475 TRY
Average
0 TRY
0 TRY
0 TRY
0 TRY
Volatility
%
%
%
%
Change
+3.54%
+6.96%
-3.15%
-20.05%

Victory Gem information

VTG to TRY market statistics

VTG/TRY:
₺0.005589
VTG 24h volume:
₺582,180.15
VTG market cap:
--
VTG circulating supply:
0 VTG

Current VTG to TRY exchange rate

Victory Gem to Turkish Lira is rising this week.
Victory Gem's current market price is ₺0.005589 per VTG, with a total market cap of ₺0 TRY based on a circulating supply of -- VTG. The trading volume of Victory Gem has changed by -11.61% (₺-76,437.15 TRY) in the last 24 hours. Last trading day, VTG's trading volume was ₺658,617.3.

More info about Victory Gem 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 Victory Gem currency pair is the VTG to TRY, with for Victory Gem's currency code being VTG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for TRY.

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How to convert VTG to TRY

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1 VTG to ₺0.005589 TRY
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VTG to TRY Conversion tables

The exchange rate of Victory Gem is decreasing.
The exchange rate of 1 VTG to Turkish Lira has changed by +6.96% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.54%, reaching a high of 0.005590 TRY and a low of 0.005387 TRY . One month ago, the value of 1 VTG was ₺0.005771 TRY , which represents a -3.15% change from its current value. Over the last year, Victory Gem has changed by
-
0.01033TRY
, resulting in a change of -64.92% in its value.
24 hours ago1 month ago1 year ago
Amount17:02 today24 hours ago24h change
0.5 VTG₺0.002795₺0.002699
+3.54%
1 VTG₺0.005589₺0.005398
+3.54%
5 VTG₺0.02795₺0.02699
+3.54%
10 VTG₺0.05589₺0.05398
+3.54%
50 VTG₺0.2795₺0.2699
+3.54%
100 VTG₺0.5589₺0.5398
+3.54%
500 VTG₺2.79₺2.7
+3.54%
1000 VTG₺5.59₺5.4
+3.54%

VTG to TRY FAQ

How much is 1 Victory Gem in TRY?
Right now, the price of 1 Victory Gem (VTG) in Turkish Lira (TRY) is ₺0.005589.
How much VTG can I buy for 1 TRY?
Based on the current exchange rate, you can get 178.92 VTG for 1 TRY.
How do I calculate or convert VTG to TRY?
You can use our VTG to TRY calculator at the top of this page to convert any amount of VTG to TRY. We've also included quick-reference tables for the most popular conversions. For example, 5 TRY is equivalent to 894.6 VTG, while 5 VTG will cost around 0.02795TRY.
What is the highest price of VTG/TRY in history?
The all-time high price of 1 VTG in TRY is ₺0.6900. It remains to be seen if the value of 1 VTG/TRY will exceed the current all-time high.
What is the price trend of Victory Gem in TRY?
Over the past 7 days, the exchange rate of Victory Gem (VTG) has gone up by 6.96%.   Over the last month, the exchange rate of Victory Gem (VTG) has gone down by 3.15% against Turkish Lira (TRY).

What factors influence the conversion rate of VTG to TRY?

There are many factors that affect the relationship between Victory Gem 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 VTG/TRY. When there is positive news in the market about the widespread adoption of VTG or major technological breakthroughs, it tends to trigger market optimism and drive the rise of VTG/TRY. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in VTG/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 VTG/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 Victory Gem 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.