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What is likely to happen to EUR/TRY in November 2025
EUR/TRY is near historic highs due to Turkey’s high inflation and economic uncertainty.
Experts see continued lira weakness unless Turkey takes stronger action.
Technically, the uptrend looks strong with limited downside risk in the next month.
Those needing to send euros to Turkey will benefit from favorable rates, possibly even more if the current pattern holds.
Keep an eye on Turkish central bank decisions and any surprises in European politics.
EUR to TRY: Where It Stands
The euro (EUR) to Turkish lira (TRY) exchange rate remains near record highs, recently trading around 36.70.
Over the past year, TRY has weakened significantly, mainly due to high inflation and challenges within Turkey’s economy.
This steady uptrend means EUR is gaining strength in terms of what it can buy in Turkish lira.
What’s Driving EUR to TRY?
The EUR/TRY exchange rate is influenced largely by what Turkey’s central bank and European Central Bank (ECB) are doing, as well as wider investor confidence in both economies.
In Turkey:
Inflation remains very high (above 50%), and while the Turkish central bank has increased interest rates to fight it, that hasn’t yet stabilized the lira.
Foreign investors worry about Turkey’s economy, especially with its large foreign debt and pressure on local banks. This keeps the Turkish lira weak.
In Europe:
The euro is a bit under pressure due to slower economic growth (especially in Germany) and political uncertainty in France.
However, compared to the lira, the euro is still seen as relatively stable, which helps the EUR/TRY rate move higher.
The U.S. dollar is also strong right now, mostly because the Fed has said it’s in no rush to cut interest rates, this affects global currencies, including the euro and lira, but the TRY is affected more significantly due to its weaker fundamentals.
What Do the Charts Say?
From a technical perspective, EUR/TRY has been in a strong upward trend and is trading well above key support levels.
Support is a price level where the rate tends not to fall below, and resistance is a level where it struggles to rise past.
Key resistance: 37.00
Key short-term support: 35.80
As long as EUR/TRY stays above 35.80, analysts expect the rate to stay strong or go even higher.
There’s no strong sign of a reversal, so the trend of a rising EUR/TRY is expected to continue for now.
What to Watch in Next Month
The following are key things to watch in the coming month:
Turkish inflation reports: If inflation stays high or increases, it could weaken the Turkish lira further.
Turkish interest rate decisions: Any unexpected moves from Turkey’s central bank might cause jumps or drops in the lira’s value.
European economic updates and political developments: Any improvement in confidence around the euro could push the EUR to TRY rate even higher.
Global investor sentiment: If investors seek “safer” assets, the euro may become more attractive in comparison to emerging market currencies like the lira.
Risks Ahead
If Turkey’s central bank shocks markets with a large rate hike, the lira could temporarily strengthen, causing EUR/TRY to dip.
On the other hand, any more political uncertainty in Europe (especially in France) could reduce confidence in the euro, capping EUR/TRY gains.
If global markets panic (for example due to geopolitical events), investors may shift to the U.S. dollar instead of the euro or lira, creating mixed results.
What This Means If You’re Sending EUR to TRY Abroad
If you need to send euros to Turkey (for business, family support, property, etc.), now is a very favorable time.
The euro is quite strong against the lira, meaning you get more Turkish lira for each euro you send.
For example:
A few months ago, €1 could get you around 32 lira.
Today, that same euro gives you nearly 37 lira.
If current trends continue, the exchange rate might improve slightly more.
However, unexpected changes in Turkey’s monetary policy or stability in Europe could cause sudden swings, so it might make sense to act sooner rather than later if you’re looking to lock in value.
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 November:
Money transfer company | EUR/TRY exchange rate | EUR/TRY fee | EUR/TRY transfer time | TRY received |
|---|---|---|---|---|
Wise (Best EUR/TRY rate) | 48.3755 EUR/TRY | 37.28 | en menos de una hora | 11,301.14 |
Key Currency (Lowest Fee) | 48.2536 EUR/TRY | 0 | minutos - 3 días | 337,775.37 |
Key Currency (Overall cheapest) | 48.2536 EUR/TRY | 0 | minutos - 3 días | 337,775.37 |
Wise (Fastest Option) | 48.3755 EUR/TRY | 37.28 | en menos de una hora | 336,825.06 |
*Based on our data of 7,000 EUR transfer from the Spain to Turkey in November 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 27, 2025 | 48.890147 TRY |
| Oct 28, 2025 | 48.903605 TRY |
| Oct 29, 2025 | 48.726788 TRY |
| Oct 30, 2025 | 48.634998 TRY |
| Oct 31, 2025 | 48.758733 TRY |
| Nov 01, 2025 | 48.730040 TRY |
| Nov 02, 2025 | 48.483701 TRY |
| Nov 03, 2025 | 48.467057 TRY |
| Nov 04, 2025 | 48.336457 TRY |
| Nov 05, 2025 | 48.326130 TRY |
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