1. Exchange Rates
  2. Euro (EUR)
  3. Turkish lira (TRY)

Convert EUR to TRY at Best Exchange Rates

There are three amounts that you need to understand if you are to have any chance of getting the best possible EUR to TRY rate, these are :

  1. The EUR/TRY foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 Euro equals
Turkish lira 1=

Right now the EUR/TRY market rate is and represents how many Turkish lira you can get for one Euro. You can calculate with the current mid-rate using our EUR to TRY calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however 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 comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same EUR/TRY market rate I see on Google or in the Media?

When you look up the current Euro to Turkish lira exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

EUR to TRY mid-rate on google

EUR to TRY mid-rate on google search

Getting a great EUR to TRY mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below EUR to TRY calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Euro cross rates and reviews of leading foreign exchange providers versus the Banks.

EUR to TRY mid-rate calculator

1 EUR equals

Compare rates for: Currency Exchange or Foreign Transfers
Loading EUR/TRY Chart

Euro - market update

The euro was the best performing G10 in 2017 and was broadly stable in early 2018.

In the seven-week period between January 1st and February 15th (the time of this report), EUR/USD threatened 1.25 multiple times – a level not seen since 2014 – but appears to have met resistance at this level. It should be said that much of EUR/USD's recent rally is a result of broad US dollar weakness, rather than of broad euro strength.

Entering 2018, forecasts for EUR/USD ranged between 1.15 and 1.3. A more recent judgement on the pair came in February from Jens Nordvig, founder of Exante Data, who said that “dips [in EUR/USD] should be used to add to long exposure.” Nordvig declined from giving any precise upside targets.

Against sterling, the euro is little changed since the summer of last year. A EUR/GBP rate of 0.8855 in mid-February was more or less identical to that in mid-September, five months earlier.

Entering 2018, Danske Bank forecast EUR/GBP at 0.86 at year-end, while UBS forecast a much higher rate of 0.95.

By mid-February, the euro was marginally down on the year against the yen, at rates in the high 132s.

Significant bullish news for the euro in early 2018 came from Germany, with Angela Merkel’s CDU-CSU party bloc achieving a breakthrough in coalition talks with the Social Democrats, which reduced political uncertainty in Europe’s largest economy.

Turkish lira - market update

The Turkish lira was among 2017’s worst performing currencies, having lost nearly 7% of its value against an extremely weak US dollar.

In early 2018, the lira is once again underperforming. Rates in late February were nearly identical to those at the start of the year, at roughly 3.8 per dollar, despite most emerging market currencies appreciating within the same period.

Investors continue to be frightened away from the lira and from investing in Turkish assets by inflation, which in 2018 continues to run in double figures. January’s year-on-year core inflation came in at an extraordinary 12.2% and marked the sixth consecutive month of double-figure core readings.

In late 2017, asset management group GAM cited high inflation as its principle reason for predicting an economic crisis in Turkey – a crisis that might come in 2018. GAM cleared its portfolio of all positions in Turkish assets.

Other reasons for the lira’s weakness include 2018’s military conflict between Turkey and US-backed Kurdish militia in Syria.

Against the euro, the lira fell in February to its lowest level since 2005’s redenomination, as EUR/TRY hit 4.737.

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