The EUR/TRY currency pair is based on the value of the euro against the Turkish lira. The price shows how many lira (the quote currency) are needed to buy one euro (the base currency). It is seen as an exotic cross, combing an emerging market currency with the world’s most popularly traded and safe haven currency. EUR/TRY has a history of volatility due to a previously unstable monetary policy within the Eurozone, although this has stabilised in recent years. The forex pair can also be affected by political events such as Brexit, global health crises and pandemics, and Turkey’s battle with financial instability. Analyse our EUR/TRY live chart and start spread betting or trading CFDs on this emerging currency pair.
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