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What is likely to happen to EUR/TRY in October 2025
EUR/TRY is still trending upward, with the euro holding strong against a weak Turkish lira.
High inflation and shaky economic confidence in Turkey continue to pressure the lira.
Key levels to watch are support around 34.70 and resistance near 35.25.
If you’re planning to send euros to Turkey, now remains a solid window to do so, but keep an eye on any big shifts, especially around Turkish inflation or central bank news.
EUR to TRY: Where It Stands
The euro to Turkish lira (EUR/TRY) exchange rate continues trading at elevated levels, hovering just below recent record highs around 35.00.
It’s been a strong year for this currency pair, with the euro steadily gaining against the Turkish lira due to ongoing economic and interest rate differences between Europe and Turkey.
What’s Driving EUR to TRY?
Several important factors are influencing where EUR/TRY goes next:
Interest Rate Gap
European interest rates, while not high globally, are still more stable than Turkey’s.
The European Central Bank (ECB) has paused hikes, but Turkey’s central bank has raised rates aggressively to combat inflation.
That sounds like it should help the lira, but so far, it hasn't because inflation in Turkey remains very high and erodes confidence in the currency.
Inflation in Turkey
Turkey's inflation rate remains above 65%, meaning day-to-day prices in Turkey are rising very fast.
When inflation is high, the local currency (the lira) usually weakens over time unless the economy shows signs of recovery, which it’s not yet doing convincingly.
Euro Struggles Less
The euro has not been the strongest currency recently due to some weak European economic data, but it's still seen as safer and more stable compared to the shaky Turkish financial outlook. That gives the euro the upper hand in this pair.
What Do the Charts Say?
Looking at recent chart activity in EUR/TRY:
Support Level: Around 34.70 looks like a key area where traders step in to keep the price from falling further. If the price drops below this, it might slide to around 34.20.
Resistance Level: The big number to watch from the top side is around 35.25. That’s just below the all-time high and where things slowed in recent trading. If EUR/TRY breaks above that, it could head toward 36.00 or higher.
The pair is in a long-term upward trend, which means overall, EUR/TRY has been making higher highs and higher lows.
This trend is still strong unless we see some major economic changes.
What to Watch Next Month
Here’s what could shake things up in the next few weeks:
Turkish Inflation Reports: If inflation stays high or moves higher, the lira could weaken more.
Central Bank Decisions: If Turkey decides to raise rates further aggressively without seeing inflation slow, confidence in the policy may fade, pressuring the lira.
Political or Economic Surprises: Any political issues or new policy announcements in Turkey can move the lira quickly. Keep an eye on the news out of Ankara.
Risks Ahead
Some risks that could cause unexpected moves:
Sharp rate cuts or fiscal surprises in Turkey might scare investors, weakening the lira more.
If the euro weakens sharply due to worsening economic data or the ECB hints of a rate cut, EUR/TRY could pause or pull back temporarily.
Any positive surprise in Turkish inflation slowing could suddenly strengthen the lira for a short period.
What This Means If You’re Sending EUR to TRY Abroad
If you’re sending euros to Turkey, now is still a relatively favorable time.
Your euros go further: The weak lira means every euro buys more Turkish liras than ever before.
Lock-in rates: If you need to send money in the next 30 days, you might want to consider exchanging a portion now. This protects you in case the exchange rate worsens later (for example, if the lira unexpectedly strengthens).
Watch for dips: If EUR/TRY dips toward 34.50, it may be temporary. That could be a good time to send money before it bounces back.
Live EUR/TRY exchange rates
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 October:
Money transfer company | EUR/TRY exchange rate | EUR/TRY fee | EUR/TRY transfer time | TRY received |
|---|---|---|---|---|
Wise (Best EUR/TRY rate) | 48.8088 EUR/TRY | 37.28 | within an hour | 11,402.95 |
Key Currency (Lowest Fee) | 48.6787 EUR/TRY | 0 | minutes - 3 days | 340,750.72 |
Key Currency (Overall cheapest) | 48.6787 EUR/TRY | 0 | minutes - 3 days | 340,750.72 |
Wise (Fastest Option) | 48.8088 EUR/TRY | 37.28 | within an hour | 339,842.01 |
*Based on our data of 7,000 EUR transfer from the Spain to Turkey in October 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.
| Date | 1 Euro in TRY |
|---|---|
| Oct 08, 2025 | 48.541381 TRY |
| Oct 09, 2025 | 48.382396 TRY |
| Oct 10, 2025 | 48.617990 TRY |
| Oct 11, 2025 | 48.593035 TRY |
| Oct 12, 2025 | 48.517170 TRY |
| Oct 13, 2025 | 48.367164 TRY |
| Oct 14, 2025 | 48.523888 TRY |
| Oct 15, 2025 | 48.745498 TRY |
| Oct 16, 2025 | 49.017295 TRY |
| Oct 17, 2025 | 49.076407 TRY |
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