EUR/TRY: what to know
The EUR/TRY rate shows how much TRY you get for 1 EUR. Right now, 1 EUR buys 53.8918 TRY at the mid-market rate. In the other direction, 1 TRY is worth 0.0186 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while TRY responds to high inflation and central-bank policy.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira.
Over the past 12 months the EUR/TRY rate has ranged between 46.3775 and 53.9558 — a change of +14.53% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.