Euro to Turkish Lira Exchange Rate History: 2005–2026
This page provides historical exchange rates for the Turkish lira (TRY) against the euro (EUR) and for the euro against the Turkish lira in Germany. It includes historical exchange rate charts, yearly trends, average rates, and historical highs and lows. You can see how the TRY/EUR and EUR/TRY exchange rates have changed over different periods and compare historical exchange rates by year.
Historical EUR/TRY Exchange Rates by Year, 2005–2026
Table 1 shows the historical development of the euro exchange rate against the Turkish lira from 2005 to 2026. For every year, the annual average exchange rate is shown based on official Deutsche Bundesbank data 1. The table also includes the change from the previous year and the change compared with the first year of the period under review. The annual average exchange rate helps illustrate the broader trend of the EUR/TRY currency pair without placing too much emphasis on short-term fluctuations on specific dates. Because the data for 2026 is preliminary and updated daily, only completed years from 2005 through 2025 are included in the statistical indicators used to assess long-term exchange rate trends.
In 2025, the average euro exchange rate against the Turkish lira was 45.19 TRY per 1 EUR, or 0.02 EUR per 1 TRY. Compared with 2005, the Turkish lira depreciated by 96.3 % against the euro, corresponding to an average annual decline of about 15.19 % (CAGR). Over the same period, the euro exchange rate rose by 2,600.5 % against the Turkish lira 2. The average EUR/TRY exchange rate over the entire period was 8.92 TRY per 1 EUR (while the average TRY/EUR exchange rate was 0.30 EUR per TRY), so the latest annual average euro exchange rate is 406.5 % above the long-term average.
During the period under review, the highest annual average TRY/EUR rate was 0.60 EUR per 1 TRY (equivalent to 1.67 TRY per 1 EUR) in 2005, while the lowest was 0.02 EUR per 1 TRY (equivalent to 45.19 TRY per 1 EUR) in 2025. Overall, the long-term trend indicates that the Turkish lira has weakened against the euro.
Table 1: Annual changes 3 in the euro exchange rate against the Turkish lira
| Year | Exchange rate 1 EUR = ... TRY | Change from previous year | Change since 2005 | Exchange rate 1 TRY = ... EUR | Trend EUR | Trend TRY |
|---|---|---|---|---|---|---|
| 2005 | 1.67 | — iIn 2005, the average euro exchange rate against the Turkish lira was 1.67 TRY per 1 EUR, or 0.60 EUR per 1 TRY. As this is the first year in the period under review, no year-on-year change is available. There is also no change compared with the base year 2005, as the exchange rate of 1 EUR = 1.67 TRY is used as the starting point for comparison. | 0.0 % | 0.60 | ⚖ | ⚖ |
| 2006 | 1.80 | +7.9 % iIn 2006, the average EUR/TRY exchange rate was 1.80 TRY per 1 EUR, or 0.55 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 7.9 % against the Turkish lira, while TRY depreciated by 7.3 % against the euro 2. | +7.9 % | 0.55 | ▲ | ▼ |
| 2007 | 1.78 | -1.2 % iIn 2007, the average EUR/TRY exchange rate was 1.78 TRY per 1 EUR, or 0.56 EUR per 1 TRY. Compared with the previous year, the euro depreciated by 1.2 % against the Turkish lira, while TRY appreciated by 1.2 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 6.6 %, while the value of the Turkish lira against the euro decreased by 6.2 %. | +6.6 % | 0.56 | ▼ | ▲ |
| 2008 | 1.90 | +6.7 % iIn 2008, the average EUR/TRY exchange rate was 1.90 TRY per 1 EUR, or 0.53 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 6.7 % against the Turkish lira, while TRY depreciated by 6.2 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 13.7 %, while the value of the Turkish lira against the euro decreased by 12.1 %. | +13.7 % | 0.53 | ▲ | ▼ |
| 2009 | 2.16 | +13.3 % iIn 2009, the average EUR/TRY exchange rate was 2.16 TRY per 1 EUR, or 0.46 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 13.3 % against the Turkish lira, while TRY depreciated by 11.7 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 28.8 %, while the value of the Turkish lira against the euro decreased by 22.4 %. | +28.8 % | 0.46 | ▲ | ▼ |
| 2010 | 1.99 | -7.6 % iIn 2010, the average EUR/TRY exchange rate was 1.99 TRY per 1 EUR, or 0.50 EUR per 1 TRY. Compared with the previous year, the euro depreciated by 7.6 % against the Turkish lira, while TRY appreciated by 8.3 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 19.0 %, while the value of the Turkish lira against the euro decreased by 16.0 %. | +19.0 % | 0.50 | ▼ | ▲ |
| 2011 | 2.34 | +17.3 % iIn 2011, the average EUR/TRY exchange rate was 2.34 TRY per 1 EUR, or 0.43 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 17.3 % against the Turkish lira, while TRY depreciated by 14.7 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 39.6 %, while the value of the Turkish lira against the euro decreased by 28.4 %. | +39.6 % | 0.43 | ▲ | ▼ |
| 2012 | 2.31 | -1.1 % iIn 2012, the average EUR/TRY exchange rate was 2.31 TRY per 1 EUR, or 0.43 EUR per 1 TRY. Compared with the previous year, the euro depreciated by 1.1 % against the Turkish lira, while TRY appreciated by 1.1 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 38.1 %, while the value of the Turkish lira against the euro decreased by 27.6 %. | +38.1 % | 0.43 | ▼ | ▲ |
| 2013 | 2.57 | +11.1 % iIn 2013, the average EUR/TRY exchange rate was 2.57 TRY per 1 EUR, or 0.39 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 11.1 % against the Turkish lira, while TRY depreciated by 10.0 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 53.3 %, while the value of the Turkish lira against the euro decreased by 34.8 %. | +53.3 % | 0.39 | ▲ | ▼ |
| 2014 | 2.90 | +13.0 % iIn 2014, the average EUR/TRY exchange rate was 2.90 TRY per 1 EUR, or 0.34 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 13.0 % against the Turkish lira, while TRY depreciated by 11.5 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 73.3 %, while the value of the Turkish lira against the euro decreased by 42.3 %. | +73.3 % | 0.34 | ▲ | ▼ |
| 2015 | 3.04 | +4.7 % iIn 2015, the average EUR/TRY exchange rate was 3.04 TRY per 1 EUR, or 0.33 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 4.7 % against the Turkish lira, while TRY depreciated by 4.5 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 81.4 %, while the value of the Turkish lira against the euro decreased by 44.9 %. | +81.4 % | 0.33 | ▲ | ▼ |
| 2016 | 3.34 | +10.2 % iIn 2016, the average EUR/TRY exchange rate was 3.34 TRY per 1 EUR, or 0.30 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 10.2 % against the Turkish lira, while TRY depreciated by 9.2 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 99.8 %, while the value of the Turkish lira against the euro decreased by 50.0 %. | +99.8 % | 0.30 | ▲ | ▼ |
| 2017 | 4.15 | +24.1 % iIn 2017, the average EUR/TRY exchange rate was 4.15 TRY per 1 EUR, or 0.24 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 24.1 % against the Turkish lira, while TRY depreciated by 19.4 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 148.0 %, while the value of the Turkish lira against the euro decreased by 59.7 %. | +148.0 % | 0.24 | ▲ | ▼ |
| 2018 | 5.69 | +37.0 % iIn 2018, the average EUR/TRY exchange rate was 5.69 TRY per 1 EUR, or 0.18 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 37.0 % against the Turkish lira, while TRY depreciated by 27.0 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 239.8 %, while the value of the Turkish lira against the euro decreased by 70.6 %. | +239.8 % | 0.18 | ▲ | ▼ |
| 2019 | 6.36 | +11.9 % iIn 2019, the average EUR/TRY exchange rate was 6.36 TRY per 1 EUR, or 0.16 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 11.9 % against the Turkish lira, while TRY depreciated by 10.6 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 280.1 %, while the value of the Turkish lira against the euro decreased by 73.7 %. | +280.1 % | 0.16 | ▲ | ▼ |
| 2020 | 8.10 | +27.4 % iIn 2020, the average EUR/TRY exchange rate was 8.10 TRY per 1 EUR, or 0.12 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 27.4 % against the Turkish lira, while TRY depreciated by 21.5 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 384.3 %, while the value of the Turkish lira against the euro decreased by 79.4 %. | +384.3 % | 0.12 | ▲ | ▼ |
| 2021 | 10.71 | +32.1 % iIn 2021, the average EUR/TRY exchange rate was 10.71 TRY per 1 EUR, or 0.09 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 32.1 % against the Turkish lira, while TRY depreciated by 24.3 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 539.9 %, while the value of the Turkish lira against the euro decreased by 84.4 %. | +539.9 % | 0.09 | ▲ | ▼ |
| 2022 | 17.51 | +63.5 % iIn 2022, the average EUR/TRY exchange rate was 17.51 TRY per 1 EUR, or 0.06 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 63.5 % against the Turkish lira, while TRY depreciated by 38.9 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 946.5 %, while the value of the Turkish lira against the euro decreased by 90.4 %. | +946.5 % | 0.06 | ▲ | ▼ |
| 2023 | 26.18 | +49.5 % iIn 2023, the average EUR/TRY exchange rate was 26.18 TRY per 1 EUR, or 0.04 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 49.5 % against the Turkish lira, while TRY depreciated by 33.1 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 1,464.4 %, while the value of the Turkish lira against the euro decreased by 93.6 %. | +1,464.4 % | 0.04 | ▲ | ▼ |
| 2024 | 35.67 | +36.3 % iIn 2024, the average EUR/TRY exchange rate was 35.67 TRY per 1 EUR, or 0.03 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 36.3 % against the Turkish lira, while TRY depreciated by 26.6 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 2,031.5 %, while the value of the Turkish lira against the euro decreased by 95.3 %. | +2,031.5 % | 0.03 | ▲ | ▼ |
| 2025 | 45.19 | +26.7 % iIn 2025, the average EUR/TRY exchange rate was 45.19 TRY per 1 EUR, or 0.02 EUR per 1 TRY. Compared with the previous year, the euro appreciated by 26.7 % against the Turkish lira, while TRY depreciated by 21.1 % against the euro 2. Compared with 2005, the value of the euro against the Turkish lira increased by 2,600.5 %, while the value of the Turkish lira against the euro decreased by 96.3 %. | +2,600.5 % | 0.02 | ▲ | ▼ |
| 2026 | 53.21 | +17.8 % iThe average exchange rate for 2026 is based on data available since the beginning of the year and is therefore preliminary. It may change as new daily exchange rates for the Turkish lira are published and is not directly comparable with the final annual average exchange rates of previous years. | +3,080.2 % | 0.02 | ▲ | ▼ |
Euro to Turkish Lira Exchange Rate Trends by Year
The following chart shows the yearly development of the euro exchange rate against the Turkish lira (1 EUR = ... TRY). When the bars show an upward trend and are displayed in green, this indicates that the euro is strengthening while the Turkish lira is weakening against the euro. When the bars show a downward trend and are displayed in red, the Turkish lira is strengthening against the euro while the euro is weakening.
Chart 1. Yearly changes in the euro exchange rate against the Turkish lira
Turkish Lira to Euro Exchange Rate Trends by Year
The following chart shows the yearly development of the Turkish lira exchange rate against the euro (1 TRY = ... EUR). When the bars show an upward trend and are displayed in green, this indicates that the Turkish lira is strengthening while the euro is weakening. When the bars show a downward trend and are displayed in red, this indicates that the Turkish lira is weakening while the euro is strengthening.
Chart 2. Yearly changes in the Turkish lira exchange rate against the euro
Historical Exchange Rate Analysis: Euro to Turkish Lira and Turkish Lira to Euro
This section provides the main statistical indicators for the annual average exchange rate of the euro against the Turkish lira and the Turkish lira against the euro from 2005 to 2025 (direct quotation and inverse quotation). The statistics provide a quick overview of the long-term exchange rate trend, trend strength, historical range and the position of the latest annual average rate relative to previous values. The “latest annual average exchange rate” refers to the average exchange rate for the most recent completed year in the period under review, which is 2025.
- Euro to Turkish lira
- Turkish lira to euro
Key statistics for the euro exchange rate against the Turkish lira
Key indicators | |
| Average exchange rate for the entire period | 1 EUR = 8.92 TRY |
|---|---|
| Latest annual average exchange rate (2025) | 1 EUR = 45.19 TRY |
| Deviation of the latest annual average from the long-term average | 406.5 % |
| Exchange rate change since 2005 | 2,600.5 % |
| Compound annual rate of change (CAGR) | 17.92 % |
| Change factor since 2005 | 27.0 |
Historical highs and lows | |
| Lowest annual average exchange rate | 1 EUR = 1.67 TRY in 2005 |
| Highest annual average exchange rate | 1 EUR = 45.19 TRY in 2025 |
| Percentage range between the historical low and high | 2,600.5 % |
| How far the latest annual average is below the historical high | 0.0 % |
| How far the latest annual average is above the historical low | 2,600.5 % |
Trend and annual changes | |
| Number of years in which the euro exchange rate increased | 17 |
| Number of years in which the euro exchange rate decreased | 3 |
| Number of years with no change | 0 |
| Largest annual appreciation of the euro | 63.5 % in 2022 |
| Largest annual depreciation of the euro | -7.6 % in 2010 |
| Most recent of the longest streaks of increases | 13 years from 2012 to 2025 |
| Most recent of the longest streaks of decreases | 1 year from 2011 to 2012 |
| Average absolute annual change | 20.1 % |
From 2005 to 2025, the average annual euro exchange rate against the Turkish lira changed from 1.67 TRY per EUR to 45.19 TRY per EUR. Over the entire period, the EUR/TRY exchange rate increased by 2,600.5 %, corresponding to a change by a factor of 27.0. The compound annual rate of change (CAGR) was 17.92 %. The average exchange rate for the entire period was 8.92 TRY per EUR. The latest annual average rate is 406.5 % above the average for the entire period under review.
During the period under review, the lowest annual average exchange rate was 1.67 TRY per EUR in 2005, while the highest was 45.19 TRY per EUR in 2025. The range between the minimum and maximum reached 2,600.5 %. The latest annual average rate is 0.0 % below the historical maximum. The average absolute year-on-year change was 20.1 %, indicating the average magnitude of annual exchange-rate fluctuations over the entire observation period. The most recent of the longest streaks of consecutive increases lasted 13 years (2012–2025). The most recent of the longest streaks of consecutive decreases lasted 1 year. Over the period under review, years with a rising EUR/TRY exchange rate were more frequent.
Key statistics for the Turkish lira exchange rate against the euro
Key indicators | |
| Average exchange rate for the entire period | 1 TRY = 0.30 EUR |
|---|---|
| Latest annual average exchange rate (2025) | 1 TRY = 0.02 EUR |
| Deviation of the latest annual average from the long-term average | -92.7 % |
| Exchange rate change since 2005 | -96.3 % |
| Compound annual rate of change (CAGR) | -15.19 % |
| Change factor since 2005 | 27.0 |
Historical highs and lows | |
| Lowest annual average exchange rate | 1 TRY = 0.02 EUR in 2025 |
| Highest annual average exchange rate | 1 TRY = 0.60 EUR in 2005 |
| Percentage range between the historical low and high | 96.3 % |
| How far the latest annual average is below the historical high | 96.3 % |
| How far the latest annual average is above the historical low | 0.0 % |
Trend and annual changes | |
| Number of years in which the Turkish lira exchange rate increased | 3 |
| Number of years in which the Turkish lira exchange rate decreased | 17 |
| Number of years with no change | 0 |
| Largest annual appreciation of the Turkish lira | 8.3 % in 2010 |
| Largest annual depreciation of the Turkish lira | -38.9 % in 2022 |
| Most recent of the longest streaks of increases | 1 year from 2011 to 2012 |
| Most recent of the longest streaks of decreases | 13 years from 2012 to 2025 |
| Average absolute annual change | 15.4 % |
From 2005 to 2025, the average annual exchange rate of the Turkish lira against the euro changed from 0.60 to 0.02 EUR per TRY. Over the entire period, the TRY/EUR exchange rate decreased by 96.3 %, corresponding to a change by a factor of 27.0. The compound annual rate of change (CAGR) over the period was -15.19 %. The average exchange rate for the entire period was 0.30 EUR per TRY. The latest annual average rate is 92.7 % below the average for the entire period under review.
During the period under review, the lowest annual average exchange rate was 0.02 EUR per TRY in 2025, while the highest was 0.60 EUR per TRY in 2005. The range between the minimum and maximum reached 96.3 %. The latest annual average rate is 96.3 % below the historical maximum. The average absolute year-on-year change was 15.4 %, indicating the average magnitude of annual exchange-rate fluctuations over the entire observation period. The most recent of the longest streaks of consecutive increases lasted 1 year (2011–2012). The most recent of the longest streaks of consecutive decreases lasted 13 years. Over the period under review, years with a falling TRY/EUR exchange rate were more frequent.
Notes on the exchange rate data
- The historical annual average euro exchange rates against the Turkish lira are based on data from the Deutsche Bundesbank. The average Turkish lira exchange rate for 2026 is calculated using mid-market rates available from German banks since the beginning of the year. For more information, see the page “The current Turkish lira to euro exchange rate”.
- The percentage change differs between the direct and inverse exchange rate quotations, even though both describe the same currency pair. For example, if the exchange rate changes from 1 EUR = 1.67 TRY to 1 EUR = 45.19 TRY, the percentage change is 2,600.5 %. In the inverse quotation, however, the rate changes from 1 TRY = 0.60 EUR to 1 TRY = 0.02 EUR, which corresponds to a change of 96.3 %, not 2,600.5 %. This is because percentage change is always calculated relative to the starting value, and the starting values are different for the direct and inverse exchange rate quotations.
- The exchange rates shown in the table are rounded to two or three decimal places, while all statistical indicators are calculated from the underlying data to four decimal places. As a result, manual calculations based on the displayed values may produce small differences due to rounding.
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