About the Turkish Lira to Euro exchange rate
The TRY/EUR pair shows how many Euro (EUR) one Turkish Lira (TRY) buys. Eulerpool publishes the live mid-market rate together with a converter, a one-year chart and conversion tables so you can value cash, invoices and investments in both currencies.
TRY/EUR is quoted as EUR per one TRY. At 0.0181, 1 TRY equals 0.0181 EUR and 1 EUR equals 55.288 TRY. The inverse pair is EUR/TRY.
The rate moves with interest-rate differentials, inflation, growth and capital flows between the Turkish Lira and Euro areas. Treasury teams, investors and travelers use TRY/EUR to convert prices, hedge FX risk and compare returns.
How TRY/EUR is quoted
In TRY/EUR, TRY is the base currency and EUR is the quote currency: the price is how many Euro buy one Turkish Lira. A rise in TRY/EUR means Turkish Lira strengthened against Euro; a fall means Turkish Lira weakened.
What drives the Turkish Lira to Euro rate
The TRY/EUR rate mainly reflects the policy-rate gap, relative inflation, current-account balances and risk appetite between the Turkish Lira and Euro economies. CPI, employment, GDP surprises and central-bank decisions typically cause the largest daily moves.