Euro to Turkish Lira Exchange Rate in 2016: A Historical Overview

The year 2016 was a period of notable fluctuations in global currency markets, and the Euro to Turkish Lira (EUR/TRY) exchange rate was no exception. For individuals and businesses tracking the Turkish economy or dealing with Euro-Lira transactions, understanding the exchange rate dynamics during this period is crucial. This article provides a detailed look at the Euro’s value against the Turkish Lira throughout 2016, offering a historical archive of exchange rates.

In 2016, the exchange rates provided are based on the “New Turkish Lira” (YENİ TL). It’s important to note that Turkey had a currency redenomination in 2005, switching from the “Turkish Lira” (TRL) to the “New Turkish Lira” (YENİ TL), which later reverted back to “Turkish Lira” (TRY) in 2009. The data presented here reflects the values in circulation after the 2005 redenomination.

This chart illustrates the fluctuations in the Euro to Turkish Lira exchange rate throughout the year 2016, providing a visual representation of the currency’s performance over the twelve-month period.

Throughout 2016, the Euro experienced varied levels against the Turkish Lira. Examining the monthly data reveals specific trends and volatility within each quarter. For instance, the beginning of the year saw the Euro trading around the 3.18-3.20 TRY level. As the year progressed, especially moving into the later months, there was a noticeable upward trend.

Monthly Breakdown of EUR/TRY in 2016:

The data tables below provide a comprehensive daily record of the Euro’s buying and selling rates against the Turkish Lira as published by the Central Bank of the Republic of Turkey (TCMB) for each month of 2016. These values represent the official benchmark rates and are essential for historical analysis and understanding market movements.

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Analyzing this detailed historical data allows for a deeper understanding of the daily changes and overall trends in the EUR/TRY exchange rate during 2016. Factors such as global economic events, Turkish economic policies, and geopolitical situations likely played a role in these fluctuations. For anyone researching currency trends or needing historical exchange rate information for 2016, this archive provides a valuable resource.