Turkish Lira to Euro: Understanding the TRY to EUR Exchange Rate

February 23, 2025
by admin

Turkish Lira to Euro: Understanding the TRY to EUR Exchange Rate

The Turkish Lira (TRY) is the official currency of Turkey. For travelers and businesses alike, understanding the exchange rate between the Turkish Lira and the Euro (EUR) is crucial. This article provides an overview of the TRY to EUR exchange rate, its fluctuations, and key factors to consider when converting currency.

Current TRY to EUR Exchange Rate and Conversion

As of February 23, 2025, the exchange rate is updated to reflect the latest market values. Currently, 1 Turkish Lira is equivalent to 0.026304 Euro. Conversely, 1 Euro will give you 38.02 Turkish Lira. This conversion rate is subject to change based on various economic factors.

Throughout the past year, the Turkish Lira to Euro exchange rate has experienced fluctuations. The Turkish Lira’s value against the Euro has varied by 12.62% around its average rate of 0.02752 TRY per 1 EUR. The lowest point was recorded on September 26, 2024, at 0.02617 EUR per TRY, while the highest was on February 24, 2024, reaching 0.02995 EUR per TRY.

Since January 1, 2025, when 1 TRY was valued at 0.02732 EUR, the currency exchange rate has decreased by 4.05%. In the last week alone, the Turkish Lira has depreciated by 0.35% in the foreign exchange market, indicating a slight increase in Euro purchasing power relative to the TRY.

It’s important to note that the Turkish Lira is exclusively the official currency within Turkey. When traveling to or conducting business with Turkey, staying informed about the current and historical exchange rates is vital for managing your finances effectively.