Euro to Turkish Lira Exchange Rate: Your Guide to EUR/TRY
Understanding the Euro to Turkish Lira (EUR/TRY) exchange rate is crucial for anyone dealing with currency exchange between Europe and Turkey. Whether you are a tourist, business professional, or simply interested in global finance, knowing the current rate and its fluctuations is essential.
Currently, 1 Euro is trading at 38.165 Turkish Lira. This reflects the live exchange rate and is subject to constant change throughout the day based on market conditions. Stay updated with real-time data to make informed decisions when converting EUR to TRY or vice versa.
| Data Point | Value |
|---|---|
| Current Rate | 38.165 TL |
| Daily Change | 0.00% |
| Previous Day Rate | 38.1652 TL |
| Day Range | 38.1652 / 38.1652 |
Analyzing the historical performance of the EUR/TRY exchange rate provides valuable insights into its volatility and trends.
| Time Period | Change | Rate |
|---|---|---|
| 1 Week | %0.44 | 37.9989 |
| 1 Month | %2.17 | 37.3559 |
| 1 Year | %13.58 | 33.6035 |
| 3 Years | %143.28 | 15.6880 |
As you can see, the Euro to Turkish Lira rate has experienced significant changes over the past year and especially in the last three years. Monitoring these trends can help predict potential future movements and plan your currency exchanges accordingly.
When exchanging Euro to Turkish Lira, it’s important to consider the different rates offered by various financial institutions. Banks often have varying exchange rates and margins. Here’s a comparison of EUR/TRY rates from several banks:
| Bank | Buying Rate | Selling Rate | Margin |
|---|---|---|---|
| Akbank | 35.9695 | 38.7785 | 7.24% |
| Albaraka Türk | 36.8540 | 39.3750 | 6.40% |
| Anadolu Bank | 36.6678 | 39.3929 | 6.92% |
| HSBC | 37.0943 | 39.7551 | 6.69% |
| TEB | 36.4530 | 39.6480 | 8.06% |
| Kuveyt Türk | 35.7988 | 38.8060 | 7.75% |
| EnPara | 36.4975 | 39.7956 | 8.29% |
| Altınkaynak | 38.0110 | 38.2400 | 0.60% |
| Garanti BBVA | 37.0370 | 39.1270 | 5.34% |
| Yapı Kredi | 36.7900 | 39.4700 | 6.79% |
This table highlights the variations in exchange rates between different banks. The “Margin” column indicates the difference between the buying and selling rate, representing the bank’s profit. It is advisable to compare rates from multiple sources to find the most favorable EUR/TRY exchange when you need to convert currency.
Understanding the Euro (EUR)
The Euro (€) is the official currency of the Eurozone, representing 19 of the 27 member states of the European Union. It is managed by the European Central Bank (ECB). The Euro is the second most traded currency in the foreign exchange market and one of the most important currencies globally. The international currency code for the Euro is EUR.
Key facts about the Euro:
- Issuer: European Central Bank (ECB)
- Symbol: €
- ISO Code: EUR
- Subunit: Cent (1/100 of a Euro)
- Euro banknotes denominations: €5, €10, €20, €50, €100, €200, €500 (though €500 notes are being phased out).
The Euro was introduced to international markets in 1995 and physically launched in 1999. The name “Euro” is derived from “Europe.” While most EU countries use the Euro, some have opted out or have not yet met the criteria for adoption. There are also countries outside the EU that use the Euro as their currency.
Tracking the EUR/TRY Exchange Rate
To stay informed about the Euro to Turkish Lira exchange rate, you can monitor financial websites and currency converters that provide real-time data. These resources offer up-to-the-minute exchange rates, historical charts, and analysis to help you understand the dynamics of the EUR/TRY currency pair. By tracking the rate closely, you can identify opportune moments for currency exchange and make the most of your money when dealing with Euros and Turkish Liras.