EUR/TRY
Market Open
17 Aug, 15:48
₺
55. 54
+0.19075
+0.3446%
₺
49,071 Volume
₺ 55.34802
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EURTRY Overview
EURTRY denotes the exchange rate of the Euro against the Turkish Lira and shows how many Turkish lira are required to purchase one euro. It is quoted as a cross where EUR is the base currency and TRY the quote currency, and it reflects the relative value between the two currencies in the foreign exchange market.
As the single currency for the euro area, the euro (EUR) is used by the member states of the eurozone and functions as a major global reserve and transaction currency. The European Central Bank (ECB) oversees the euro’s monetary policy and issues banknotes in coordination with national central banks of eurozone countries.
The Turkish lira (TRY) is the official currency of the Republic of Turkey and is managed by the Central Bank of the Republic of Turkey (CBRT). TRY is the domestic unit of account for Turkey’s economy and is subject to monetary policy decisions and FX interventions by the CBRT.
Movements in EURTRY are determined by supply and demand in FX markets and influenced by interest rate differentials, inflation expectations, central bank actions, fiscal balances, capital flows and geopolitical developments. Market sentiment and commodity or energy price shifts can also affect the pair.
EURTRY matters for exporters, importers, investors and traders because it affects trade pricing, corporate earnings and hedging strategies, and it offers opportunities for speculation on emerging-market currency volatility.
As the single currency for the euro area, the euro (EUR) is used by the member states of the eurozone and functions as a major global reserve and transaction currency. The European Central Bank (ECB) oversees the euro’s monetary policy and issues banknotes in coordination with national central banks of eurozone countries.
The Turkish lira (TRY) is the official currency of the Republic of Turkey and is managed by the Central Bank of the Republic of Turkey (CBRT). TRY is the domestic unit of account for Turkey’s economy and is subject to monetary policy decisions and FX interventions by the CBRT.
Movements in EURTRY are determined by supply and demand in FX markets and influenced by interest rate differentials, inflation expectations, central bank actions, fiscal balances, capital flows and geopolitical developments. Market sentiment and commodity or energy price shifts can also affect the pair.
EURTRY matters for exporters, importers, investors and traders because it affects trade pricing, corporate earnings and hedging strategies, and it offers opportunities for speculation on emerging-market currency volatility.
EURTRY Chart
EUR/TRY Nears Key Barrier: Will the Uptrend Finally Break Through?
The euro has regained some ground against the Turkish lira after a period of decline in late June. The pair is currently trading near the 54.00 level, which has previously acted as a resistance point.
Investingcube | 1 month ago
EURTRY FAQ
What is the current EUR/TRY price?
The current rate is ₺55.538770, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the EUR/TRY rate changed today?
The rate has changed by +0.19075 (+0.3446%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was ₺55.348020, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is EUR/TRY moving up or down?
Movements in EUR/TRY are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+0.3446%) is based on the difference between the current rate and the previous closing rate.
Is EUR/TRY trending up or down right now?
If the current rate (₺55.538770) is above the previous close (₺55.348020), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for EUR/TRY directly on this page.
