EUR/TRY hits 43.37, up 5.0% from 3M avg amid TRY weakness. Analysts cite Istanbul mayor arrest & political tension driving lira down. Markets expect continued pressure on TRY unless Turkey restores investor confidence. #Forex #EURTRY
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Travelex at a glance
Travelex branches are a one stop shop, providing tons of helpful services to help you prep for an overseas trip. Travelex provides foreign currency exchange, travel money cards, traveller’s cheques and foreign money transfer to bank accounts or cash pickup.
Pickup your foreign cash at your local Travelex store or at the airport on departure day.
Getting your travel money from the local Travelex branch is convenient but with a little planning (and ordering online) you can also save money for your next trip abroad.
The important thing to know here is that you can get better rates online than available in branch and especially at the airport.
Click on the link below to order your travel money online from Travelex and select to pick up at your foreign cash at your nearest located branch or even at the airport.
Buy Online Travel Money & Cards with zero commission and great exchange rates only available from Travelex Online.
Orders paid for via Card (debit or credit) will incur a card surcharge (see above table), note your card issuer may charge a separate cash advance fee.
Travelex Multi-currency Cash Passport™ - Lock in your exchange rates before travelling and No Overseas ATM Withdrawal Fees. Reload your card online so you can top-up while overseas.
EUR to TRY Market Data
Euro (EUR) to Turkish lira (TRY) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell EUR →
Buy TRY
EUR to TRY at 43.37 is 5.0% above its 3-month average of 41.32, having traded in a very volatile 16.4% range from 37.78 to 43.98
|Tracker
1 TRY =
0.023165 EUR
| Date | EUR/TRY | Change | Period |
|---|---|---|---|
02 May 2025 | 43.60 | 0.2% ▼ | 2 Week |
15 Feb 2025 | 38.00 | 14.6% ▲ | 3 Month |
16 May 2024 | 35.07 | 24.1% ▲ | 1 Year |
17 May 2020 | 7.4554 | 483.9% ▲ | 5 Year |
19 May 2015 | 2.8895 | 1406.5% ▲ | 10 Year |
21 May 2005 | 1.7263 | 2421.6% ▲ | 20 Year |
What are equivalent amounts of EUR and TRY?
Here are some popular conversion amounts for EUR to TRY (Euro to Turkish lira)*.
*Converted at the current EURTRY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for EUR to TRY
The EUR to TRY exchange rate currently stands at 43.37, reflecting a 5.0% increase above its 3-month average of 41.32. The trading has been notably volatile, with the currency pair fluctuating within a range of 16.4% from 37.78 to 43.98. Recent forecasts indicate that the Euro's strength is being partially supported by a weaker US dollar and heightened geopolitical tensions, particularly stemming from trade relations with the US. Analysts suggest that ongoing issues such as the arrest of Istanbul's mayor are contributing to investor apprehension about Turkey's political climate, which has led to further depreciation of the Turkish lira.
Read our full review of recent EUR to TRY forecasts.
How to get a good EUR to TRY exchange rate
There are several ways to save on exchange rates when converting Euro to Turkish lira:
- Shop around for the best EUR/TRY exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
- Timing is important: Keep an eye on the EUR/TRY rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
- Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both EUR and TRY at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
- Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.
The key is reducing excessive costs and fees
Generally speaking, if you are buying Turkish lira with Euro, then it's better for the EUR/TRY exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Turkey — a practical currency and money guide to travel in Turkey plus living and doing business with the Turkish lira.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
Will the Euro rise against the Turkish lira?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add EUR/TRY to your personalised Rate Tracker to track and benefit from currency movements.
Track Rate
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Currency Country Guides
| Eurozone (EUR) | Turkey (TRY) |
Living and conducting business in Turkey offer unique opportunities and challenges, particularly concerning currency matters.
Expatriate Life in Turkey:
- Cost of Living: Turkey generally offers a lower cost of living compared to Western countries. Expenses such as housing, food, and utilities are relatively affordable, making it an attractive destination for expatriates.
- Currency Fluctuations: The Turkish lira has experienced significant volatility in recent years, leading to high inflation rates. For expatriates earning income in foreign currencies like USD, EUR, or GBP, this can enhance purchasing power. However, those earning in lira may find their income's value eroded by inflation.
- Financial Planning: Due to currency instability, it's crucial for expatriates to engage in thorough financial planning. This includes budgeting for potential price increases and considering savings or investments in more stable currencies to mitigate financial risks.
Conducting Business in Turkey:
- Currency Risks: Businesses face challenges due to the lira's depreciation and high inflation, which can lead to increased production costs and reduced competitiveness, especially for exporters. Negotiating contracts in stable foreign currencies and implementing hedging strategies can help manage these risks.
- Economic Policies: Recent shifts towards conventional economic policies, such as significant interest rate hikes, aim to stabilize the currency and control inflation. While these measures have attracted foreign investment, they also result in higher borrowing costs, impacting business operations.
- Market Challenges: The economic environment includes complex bureaucracy, regional disparities, and legal complexities. Engaging local legal expertise and staying informed about regulatory changes are essential for successful business operations.
Recommendations:
- Income Considerations: Expatriates should assess whether to earn in foreign currencies to leverage favorable exchange rates, enhancing their purchasing power in Turkey.
- Financial Strategies: Utilizing financial instruments like forward contracts can help businesses hedge against currency fluctuations, providing more predictable financial outcomes.
- Professional Advice: Consulting with financial advisors and legal experts familiar with Turkey's economic landscape is advisable to navigate the complexities of living and doing business in the country.
In summary, while Turkey presents appealing opportunities for expatriates and businesses, it's imperative to proactively manage currency-related challenges to ensure financial stability and operational success.
What prime property does $US 1million buy in Istanbul?
The area (㎡) of prime property that $US 1million buys in Turkey's capital city Istanbul in Q1 2018 is 110㎡.
This is compared to equivalent areas for Hong Kong 22㎡, London 27㎡, Singapore 37㎡, Paris 45㎡, Shanghai 50㎡, Tokyo 70㎡, Berlin 74㎡, Mumbai 94㎡, Dubai 138㎡ and San Paulo 172㎡.
Read more at our Turkey (TRY) country guide
Related exchange rates
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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