1 Dollar to Syrian Lira Today
Exchange Rate Update
As of today, the exchange rate of 1 US Dollar (USD) to Syrian Lira (SYP) is:
1 USD = 515.85 SYP
The Syrian lira has been facing severe fluctuations in value due to the ongoing civil war and economic crisis in Syria. The exchange rate is subject to change frequently, and it's essential to stay updated on the current rates for any financial transactions.
Historical Exchange Rate
The exchange rate of 1 USD to SYP has seen significant changes over the years. Here's a brief overview:
- 2020: 1 USD = 450 SYP
- 2019: 1 USD = 420 SYP
- 2018: 1 USD = 380 SYP
- 2017: 1 USD = 330 SYP
The Syrian lira has depreciated significantly since the start of the civil war in 2011, leading to a severe economic crisis in the country.
Factors Affecting the Exchange Rate
Several factors influence the exchange rate of the Syrian lira, including:
Political Instability
The ongoing civil war and political unrest in Syria have led to a decline in the value of the Syrian lira.
Economic Sanctions
International sanctions imposed on Syria have disrupted trade and commerce, further weakening the lira.
Inflation
High inflation rates in Syria have eroded the purchasing power of the Syrian lira.
Oil Prices
Fluctuations in global oil prices also impact the Syrian lira, as Syria is heavily dependent on oil exports.
Conclusion
The exchange rate of 1 USD to SYP is subject to frequent changes. It's essential to stay updated on the current rates for any financial transactions. The Syrian lira's value has been severely affected by the ongoing civil war and economic crisis in Syria.
