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EUR/TRY - Convert Compare Save

Euro to Turkish Lira exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Euro to Turkish Lira exchange rate, has news, forecasts and EUR to TRY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

EUR/TRY Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for EUR/TRY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 

EUR to TRY International Money Transfers

  

Foreign Transfer ProvidersReceive TRY(₺)Exchange RateFee EURTotal CostDeal Links
OFX logo
30,309 TRY
Best Overall
6.06170 for BER users (normally $15)1.86%
HSBC logo
29,672 TRY
637 TRY
5.9433€7.53.92%
Deutsche Bank International Money Transfers
Deutsche Bank logo
29,389 TRY
920 TRY
5.9372€504.83%
Citibank International Money Transfers
Citibank logo
29,373 TRY
936 TRY
5.8887124.89%
Santander International Money Transfers
Santander logo
29,205 TRY
1,104 TRY
5.8644205.43%
Banks - Average Rate
Deutsche Bank logo Santander logo Citibank logo Sparkasse Bank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
29,047 TRY
1,262 TRY
5.8489125.94%
Bank of Ireland International Money Transfers
Bank of Ireland logo
29,029 TRY
1,280 TRY
5.8644€506%
BNP Paribas International Money Transfers
BNP Paribas logo
28,891 TRY
1,418 TRY
5.8366€506.45%
Crédit Agricole International Money Transfers
Crédit Agricole logo
28,818 TRY
1,491 TRY
5.8219€506.68%
AIB Bank International Money Transfers
AIB Bank logo
28,698 TRY
1,611 TRY
5.7976€507.07%
Sparkasse Bank International Money Transfers
Sparkasse Bank logo
28,345 TRY
1,964 TRY
5.686158.22%
 
OFX: Foreign Transfer EUR→TRY
EUR amount:€5,000 EUR
Fee:0 for BER users (normally $15)
Exchange Rate:6.0617 (1.86% from mid-rate)
TRY amount:30,309 TRY
Total Cost:1.86%
Time:
Rate Fetched: Mon Aug 19 2019 04:13:29 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer EUR→TRY
EUR amount:€5,000 EUR
Fee:€7.5 EUR (.15%)
Exchange Rate:5.9433 (3.77% from mid-rate)
TRY amount:29,672 TRY
Total Cost:3.92%
Difference:
637 TRY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Deutsche Bank logoDeutsche Bank

Deutsche Bank: Foreign Transfer EUR→TRY
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:5.9372 (3.87% from mid-rate)
TRY amount:29,389 TRY
Total Cost:4.83%
Difference:
920 TRY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer EUR→TRY
EUR amount:€5,000 EUR
Fee:12
Exchange Rate:5.8887 (4.66% from mid-rate)
TRY amount:29,373 TRY
Total Cost:4.89%
Difference:
936 TRY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Santander logoSantander

Santander: Foreign Transfer EUR→TRY
EUR amount:€5,000 EUR
Fee:20
Exchange Rate:5.8644 (5.05% from mid-rate)
TRY amount:29,205 TRY
Total Cost:5.43%
Difference:
1,104 TRY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer EUR→TRY
EUR amount:€5,000 EUR
Fee:12
Exchange Rate:5.8462 (5.34% from mid-rate)
TRY amount:29,047 TRY
Total Cost:5.94%
Difference:
1,262 TRY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of Ireland logoBank of Ireland

Bank of Ireland: Foreign Transfer EUR→TRY
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:5.8644 (5.05% from mid-rate)
TRY amount:29,029 TRY
Total Cost:6%
Difference:
1,280 TRY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

BNP Paribas logoBNP Paribas

BNP Paribas: Foreign Transfer EUR→TRY
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:5.8366 (5.5% from mid-rate)
TRY amount:28,891 TRY
Total Cost:6.45%
Difference:
1,418 TRY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Crédit Agricole logoCrédit Agricole

Crédit Agricole: Foreign Transfer EUR→TRY
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:5.8219 (5.74% from mid-rate)
TRY amount:28,818 TRY
Total Cost:6.68%
Difference:
1,491 TRY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

AIB Bank logoAIB Bank

AIB Bank: Foreign Transfer EUR→TRY
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:5.7976 (6.13% from mid-rate)
TRY amount:28,698 TRY
Total Cost:7.07%
Difference:
1,611 TRY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Sparkasse Bank logoSparkasse Bank

Sparkasse Bank: Foreign Transfer EUR→TRY
EUR amount:€5,000 EUR
Fee:15
Exchange Rate:5.6860 (7.94% from mid-rate)
TRY amount:28,345 TRY
Total Cost:8.22%
Difference:
1,964 TRY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/19/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount TRY(₺)Exchange RateFee EURTotal CostDeal Links
Deutsche Bank Foreign Currency
Deutsche Bank logo
5,665.23 TRY
Compare
5.7515€158.27%
BNP Paribas Foreign Currency
BNP Paribas logo
5,635.87 TRY
29 TRY
5.7217€158.75%
Citibank Foreign Currency
Citibank logo
5,634.98 TRY
30 TRY
5.6919€108.76%
Banks - Average Rate
Deutsche Bank logo Citibank logo Sparkasse Bank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
5,580 TRY
85 TRY
5.6405€109.65%
Crédit Agricole Foreign Currency
Crédit Agricole logo
5,577.17 TRY
88 TRY
5.6621€159.7%
Bank of Ireland Foreign Currency
Bank of Ireland logo
5,570.14 TRY
95 TRY
5.6264€109.81%
AIB Bank Foreign Currency
AIB Bank logo
5,558.26 TRY
107 TRY
5.6144€1010.01%
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
5,516.97 TRY
148 TRY
5.5727€1010.68%
HSBC logo
5,483.3 TRY
182 TRY
5.4833011.22%
Travelex Online logo
4,319.1 TRY
1,346 TRY
4.3191030.07%
 

Deutsche Bank logoDeutsche Bank

Deutsche Bank: Travel Money EUR→TRY
EUR amount:€1,000 EUR
Fee:€15 EUR (Minimum fee)
Exchange Rate:5.7515 (6.88% from mid-rate)
TRY amount:5,665.23 TRY
Total Cost:8.27%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

BNP Paribas logoBNP Paribas

BNP Paribas: Travel Money EUR→TRY
EUR amount:€1,000 EUR
Fee:€15 EUR (Minimum fee)
Exchange Rate:5.7217 (7.36% from mid-rate)
TRY amount:5,635.87 TRY
Total Cost:8.75%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Travel Money EUR→TRY
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:5.6919 (7.84% from mid-rate)
TRY amount:5,634.98 TRY
Total Cost:8.76%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money EUR→TRY
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:5.4535 (11.7% from mid-rate)
TRY amount:5,580 TRY
Total Cost:9.65%
Currency Services:Branch
Delivery/Collect:-
 

Crédit Agricole logoCrédit Agricole

Crédit Agricole: Travel Money EUR→TRY
EUR amount:€1,000 EUR
Fee:€15 EUR (Minimum fee)
Exchange Rate:5.6621 (8.33% from mid-rate)
TRY amount:5,577.17 TRY
Total Cost:9.7%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Bank of Ireland logoBank of Ireland

Bank of Ireland: Travel Money EUR→TRY
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:5.6264 (8.9% from mid-rate)
TRY amount:5,570.14 TRY
Total Cost:9.81%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

AIB Bank logoAIB Bank

AIB Bank: Travel Money EUR→TRY
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:5.6144 (9.1% from mid-rate)
TRY amount:5,558.26 TRY
Total Cost:10.01%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Sparkasse Bank logoSparkasse Bank

Sparkasse Bank: Travel Money EUR→TRY
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:5.5727 (9.77% from mid-rate)
TRY amount:5,516.97 TRY
Total Cost:10.68%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
HSBC: Travel Money EUR→TRY
EUR amount:€1,000 EUR
Fee:
Exchange Rate:5.4833 (11.22% from mid-rate)
TRY amount:5,483.3 TRY
Total Cost:11.22%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online: Travel Money EUR→TRY
EUR amount:€1,000 EUR
Fee:undefined
Exchange Rate:4.3191 (30.07% from mid-rate)
TRY amount:4,319.1 TRY
Total Cost:30.07%
Time:
Rate Fetched: Mon Aug 19 2019 04:15:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/19/2019 - See full table

EUR to TRY interbank exchange rate = 6.2745

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on EUR/TRY exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

EUR and TRY in the Markets

When determining the best time to make a foreign exchange transaction, in this case the EUR vs TRY, you should pay attention to the recent market trends for both currencies.

 

Euro (EUR)

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Read more in the article EUR Forecasts.

 

Turkish Lira (TRY)

In the second half of April, the lira slipped to its weakest level in 6 months against the dollar, at ₺5.83. It was 11.5 percent lower than its strongest level from January, but was 21.5 percent higher than its 2018 low (2018 was a crisis year for the lira).

In April, Turkey described a reform package aimed at lifting the economy out of recession. The package included billions injected into banks, reduced tax exemptions, lower corporate tax rates and a crackdown on the shadow economy; however, ratings agencies did not see many positives in the plans due to inadequate details.

TradingEconomics.com sees the lira quoted 5 percent weaker against the dollar in April 2020, at ₺6.14.

Why can't I just get the EUR/TRY market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the EUR / TRY was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all EUR Exchange Rates