TRY/EUR: what to know
The TRY/EUR rate shows how much EUR you get for 1 TRY. Right now, 1 TRY buys 0.0186 EUR at the mid-market rate. In the other direction, 1 EUR is worth 53.8547 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while EUR responds to ECB policy and eurozone growth.
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. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the TRY/EUR rate has ranged between 0.0185 and 0.0216 — a change of -12.64% 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.