Turkish Lira to Euro — exchange rate

The Turkish lira (₺) is the only official currency of Turkey. It is issued and accepted for payment in Turkey. For easier currency conversion, the international market calls It TRY.

The Turkish lira is subdivided into kurush. One lira has 100 kurush. The Turkish lira has first been issued in 1923. It has replaced the old Ottoman lira. Previously, the Turkish lira was divided not only into kurush, but also into para. However, after a massive inflation, the new lira came into circulation. Its value is much higher than the old one’s.

The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.

Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.