The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
EUR to TRY Market Data
Euro (EUR) to Turkish lira (TRY) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the EUR to TRY Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Euro against the Turkish lira is to review how the EUR/TRY rate has changed over time.
The table below shows the percentage change in the EUR to TRY exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The current market bias for the EUR to TRY exchange rate is bearish.
Key drivers of this trend include:
- The interest rate differential is narrowing as...
Current market bias: Bearish.
Key drivers:
- The interest rate differential is narrowing as Turkey's Central Bank continues its easing cycle while the European Central Bank has paused rate hikes, reflecting cautious optimism on growth.
- Geopolitical tensions, particularly the war in Ukraine, contribute to uncertainty in the Eurozone, impacting the euro's value.
- Inflation pressures are significant in both regions, with Turkey facing higher risks while the ECB remains vigilant about inflation's impact on growth.
Near-term range: The trading range is expected to remain within current levels but may see fluctuations.
What could change it: An upside risk could arise from better-than-expected economic data in the Eurozone, boosting the euro. A downside risk includes renewed inflation spikes in Turkey or continued geopolitical instability, putting further pressure on the lira.
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EUR to TRY is currently bearish as Turkey's rate cuts and ongoing geopolitical tensions weigh on the euro. Expect fluctuations around current levels. Upside risks include positive Eurozone data; downside risks stem from inflation spikes in Turkey or prolonged instability
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EUR to TRY Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Euro are worth in Turkish lira across a range of amounts.
This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :
What is the
best Send Money conversion rate for EUR to TRY?
The best EUR to TRY exchange rate is 50.41 from OFX . This is -0.3% compared to the mid-market rate 50.56.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Euro (EUR) to Turkish lira (TRY) rates from different sources before making a conversion.
The above
Euro to Lira comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest EUR-TRY mid-rate and the possible savings of using various providers.
How do EUR-TRY rates compare between providers?
Looking at the full
EUR to TRY - Send Money comparison table the provider with the best EUR to TRY exchange rate is OFX at 50.41, -0.3% from the latest mid-market rate 50.56.
The next best is XE at 50.26, -0.59% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.