EURTRY

EURTRY is the currency pair that shows how many Turkish lira (TRY) are needed to buy one euro (EUR). In forex notation, EUR is the base currency and TRY is the quote currency. A rate of 25.00 TRY per EUR means one euro costs 25 Turkish lira.

It is a cross-rate traded in the wholesale foreign exchange market. Compared with major pairs such as EURUSD, EURTRY generally has lower liquidity, but it remains actively quoted on electronic platforms and over-the-counter desks, with spreads that can widen during periods of volatility.

Prices are influenced by euro-area policy and data (ECB decisions, inflation, growth) as well as Turkish policy and data (CBRT interest rates, inflation, balance of payments). Other factors include political stability, capital flows, energy and commodity prices, and global risk sentiment.

Historically, the lira has experienced significant volatility against the euro, driven by inflation dynamics and shifts in Turkish policy. EURTRY often moves sharply around major data releases and political events, reflecting changes in investor appetite for Turkish assets and euro-area prospects.

Market use and trading considerations: Traders hedge Turkish exposure or speculate on macro developments by trading EURTRY. Important considerations include monitoring central bank signals, economic calendars, and geopolitical news, as well as liquidity conditions and broker-specific contract sizes and settlement terms.

Data sources: EURTRY quotations are published by major financial information services and broker platforms. Differences across providers can exist due to liquidity and timing; always verify the quote, contract size, and settlement details with the trading venue.