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EUR to TRY Forecast - July 2025

The euro (EUR) has reached an all-time high against the Turkish lira (TRY), and it may stay strong in the coming weeks.

If you’re sending money from Europe to Turkey, this is a highly favorable time. And, if you’re sending money from Turkey to Europe, it could be worth waiting, as the exchange rate is less favorable.

EUR/TRY is currently trading at 47.637036.

Crispus Nyaga
Author 
Crispus Nyaga
Artiom Pucinskij
Editor 
Artiom Pucinskij
5 minutes
July 4th, 2025
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What is likely to happen to EUR/TRY in July 2025

The euro just passed 45 lira, a record high. Compared to this time last year, the lira is about 30% weaker.

This isn’t a random spike. Several global and domestic factors are driving the euro upward and the lira downward.

If you’re sending euros to Turkey, now is an excellent time since you’re getting significantly more value.

If you’re sending lira to Europe, the cost is currently high and could rise further if the lira weakens more.

Keep an eye on the EUR/TRY exchange rate. If it stays at or above 45, that’s typically a favorable time for euro-to-lira transfers.

For lira-to-euro transfers, consider holding off unless urgent.

What’s driving the EUR/TRY exchange rate?

Global uncertainty is boosting the euro

Ongoing political tensions, particularly in the Middle East, including U.S. embassy alerts and military operations, have led investors to shift money away from riskier markets like Turkey and into safer assets such as the euro.

A weak U.S. dollar is supporting the euro

Lower-than-expected inflation data and the possibility of U.S. interest rate cuts have weakened the dollar.This has helped the euro rise across global markets, not just against the dollar, but also against emerging-market currencies like the Turkish lira.

Turkey’s ongoing economic challenges

Turkey is still facing high inflation and general economic instability.Despite the central bank raising interest rates in recent months, it hasn’t been enough to stabilize or reverse the lira’s long-term decline.

Technical picture (simplified)

  • Support level (floor): Around 44.25, if the euro declines, it may find support here and bounce.

  • Resistance level (ceiling): Around 46.00, this is the next major barrier if the euro continues to rise.

  • The recent sharp rally might pause briefly, but the longer-term trend is still upward.

Is it a good time to convert EUR to TRY?

If you’re sending euros to Turkey

Yes! You’re getting more Turkish lira per euro than ever before.

If the rate stays above 45, this could be one of the best opportunities in years to send money to family, make payments, or settle invoices.

If you’re sending lira to Europe

Unfortunately, you’ll need more lira to buy the same amount of euros.

If your transfer isn’t urgent, you may want to wait and see if the lira recovers slightly before proceeding.

Outlook for the next month

  • The euro is expected to remain strong through July 2025, supported by global uncertainty and a softening U.S. dollar.

  • Some short-term pullbacks are possible, watch for the 44.25 level as a potential support zone.

  • Unless there is a major shift in Turkish economic policy or a reduction in global tensions, the euro is likely to remain at or above current levels.

Risks to watch

  • Middle East developments: If tensions ease, investor appetite for emerging markets may return, potentially strengthening the lira.

  • Surprise policy from Turkey: Major rate hikes or other unexpected moves by the central bank could temporarily support the lira.

  • Eurozone risks: If the European economy shows signs of weakness or political instability, the euro could lose some momentum, but for now, it appears stable.

Live EUR/TRY exchange rates

Mid-market Rate
1 
EUR
=
47.637036 
TRY
Mid-market rate at: 19:40 UTC
EUR/TRY Median: 47.370502 Low: 46.897678 High: 47.657852

Converting EUR to TRY

If you are planning to send EUR to Turkey, you need to pick the right money transfer company to get the most TRY on the other end.

Depending on your needs, it's best to use one of the following companies in July:

Money transfer company

EUR/TRY exchange rate

EUR/TRY fee

EUR/TRY transfer time

TRY received

Wise (Best EUR/TRY rate)

47.6381 EUR/TRY

37.28

en pocos minutos

11,175.14

Key Currency (Lowest Fee)

47.5161 EUR/TRY

0

minutos - 3 días

332,612.57

Key Currency (Overall cheapest)

47.5161 EUR/TRY

0

minutos - 3 días

332,612.57

Wise (Fastest Option)

47.6381 EUR/TRY

37.28

en pocos minutos

331,690.75

*Based on our data of 7,000 EUR transfer from the Spain to Turkey in July 2025. For other amounts, please run a live search to get the best exchange rate.

History of the EUR to TRY pair

The euro to Turkish lira is a relatively popular cross-currency pair, thanks to the close relationship between the European Union and Turkey. Both countries play an important role in the global economy since they are members of the North Atlantic Treaty Organisation (NATO).

Turkey’s geographical location also plays a crucial role in the economy because one part of the country is in the Middle East while the rest is in continental Europe. As such, Turkey always had strong economic and social ties with European countries.

The EUR to TRY cross-currency pair was created when the European Union shifted to the Euro. Before that, trade between Turkey and European countries used to happen with their local currencies. Spain had Peseta while Germany, Italy, and France had Deutsche Mark, Italian lira, and French franc, respectively.

The overall trend of the EUR/TRY since its foundation has been upward as the Turkish lira has continued losing its value against most currencies.

Date1 Euro in TRY
Jul 16, 202546.827302 TRY
Jul 17, 202546.855707 TRY
Jul 18, 202546.923174 TRY
Jul 19, 202546.897678 TRY
Jul 20, 202546.985470 TRY
Jul 21, 202547.270912 TRY
Jul 22, 202547.496934 TRY
Jul 23, 202547.647634 TRY
Jul 24, 202547.657852 TRY
Jul 25, 202547.637036 TRY
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Contributors

Crispus Nyaga
Crispus Nyaga is a distinguished financial analyst with over nine years of industry experience, specializing in the stock market, forex, equities, and commodities. His insightful analysis has been featured by prominent financial brands, showcasing his deep understanding of market dynamics. As an active trader managing his family's investments, Crispus combines practical trading acumen with analytical expertise.
Artiom Pucinskij
With 6+ years of hands-on experience in international money transfer services, Artiom has tested and analyzed dozens of companies, services, and apps firsthand. From sending money between the UK, EU, US, JP, and ID, to helping friends and family transfer large amounts abroad, he combines deep personal experience with industry insight. He has worked on content and product at MoneyTransfers.com since 2019, with a focus on FX rates, transfer apps & companies, and comparison tools. His work has been featured in Forbes, Yahoo Finance, Decrypt, PoundSterling, and more.
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