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Convert Euro to Turkish Lira
Very useful forex tools for fast and accurate conversion Euro to Turkish Lira.
Enjoy in work and calculations! The currency data are updated daily.
Convert Euro to Turkish Lira,
or Convert Dollars to Turkish lira. Prektice now, try to do this conversion by our converters below:
Wednesday 23rd of April 2014 06:44:21 AM
Ratios euro, Turkish lira, dollars are:
Insert values of euros or dollars, find New Turkish Lira TRY, in second row and automatically you will get calculated value of Liras.
Best exchange rates for Turkish lira are one of the most important tasks if you plan to visit Turkey. Here you can make some analyses for those tasks. You can daily observe what is happening with those currencies. Our suggestion is to be very careful when you are trading on Forex stores in Turkey. Just ask several time, than ask to see value number on paper and on the end you can make exchange. Dollar is very good rated currency in Turkey, so if you have dollars, you don’t need to convert them in Euros before trip. Enjoy in Turkey.
The Turkish lira (Turkish: Türk Lirasi) is the currency of Turkey and the de facto independent state of the Turkish Republic of Northern Cyprus. The lira is subdivided into 100 kuruº. The symbol is TL and the ISO 4217 code is TRY. With effect from 1 January 2009, the "new" was removed from the second lira, its official name in Turkey becoming just "lira" again. Therefore, new coins without the word "yeni" were introduced in denominations of 1, 5, 10, 25, 50 kuruº and 1 lira.
The New Turkish Lira is the national currency in Turkey (TR, TUR), and Northern Cyprus. The New Turkish Lira on local languague is also known as the Yeni Turk Lirasi.
Standard symbol for TRY can be written YTL . The New Turkish Lira is divided into 100 new kurus.
The exchange rate for the New Turkish Lira was last updated on June 10, 2009 from Yahoo Finance.
The TRY conversion factor has 5 significant digits.
The Banque Imperiale Ottomane (Imperial Ottoman Bank) first issued paper currency Kaime in 1862, in the denomination of 200 kuruº.
The notes bore texts in Turkish and French. Notes for 1, 2 and 5 lira were introduced in 1873.
In 1876, smaller denomination notes were introduced for 1, 5, 10, 20, 50 and 100 kuruº.
In 1908, 50 and 100 lira notes were introduced.
From 1912, the Ministry of Finance issued paper money. Initially, notes were produced in denominations of 5 and 20 kuruº, 1, 1, 1 and 5 lira, followed the next year by 1 and 21 kuruº, 21, 10, 25, 50, 100 and 500 lira. 1000 lira notes were introduced in 1914. In 1917, postage stamp money was issued in the form of 5 and 10 para stamps affixed to card. 1000 TL note of the 1950s-1970s. Reverse of the 20 million lira banknote (replaced by the 20 new lira note) In 1926, the Ministry of Finance introduced notes for the Republic of Turkey in denominations of 1, 5, 10, 50, 100, 500 and 1000 lira. These were the last notes printed with both French and Turkish (in the Arabic script) texts on them. Each note carried the portrait of Mustafa Kemal Atatürk.
Between 1937 and 1939, the Central Bank of Turkey introduced new notes with Turkish texts in the Latin alphabet, bearing the portrait of President Ismet Inönü. Inönü notes caused disputes at the time. Denominations of 21, 5, 10, 50, 100, 500 and 1000 lira were issued. 1 lira notes were reintroduced in 1942, followed by 50 kuruº notes which weren't released in the country due to World War II in 1944. These two lowest denominations were replaced by coins after the War.
As of 2007 the economy is growing at a steady pace of about 6% a year with budget surpluses and shaky inflation. Future prospects are tied to the country's increasingly important integration with the European Union member states. The country is expected to join the Eurozone between 2010 and 2012.
Euro to Turkish lira (TL)
This represented an average inflation of about 38% per year. Prime Minister Recep Tayyip Erdogan had called this problem a "national shame".
1966 — 1 U.S. dollar = 9 lira
1980 — 1 U.S. dollar = 90 lira
1988 — 1 U.S. dollar = 1,300 lira
1995 — 1 U.S. dollar = 45,000 lira
1996 — 1 U.S. dollar = 107,000 lira
2001 — 1 U.S. dollar = 1,650,000 lira
2004 — 1 U.S. dollar = 1,350,000 lira
2007 — 1 U.S. dollar = 1,260,000 (old) lira = 1.26 new lira
2008 — 1 U.S. dollar = 1,550,000 (old) lira = 1.55 new lira
In its last few years the Turkish lira stabilised and even rose against the U.S. dollar and the euro. The Guinness Book of Records ranked the lira as the world's least valuable currency in 1995 and 1996, and again in 1999 through 2004. The lira had slid in value to such an extent that one original gold lira coin could be sold for approximately 120,000,000 lira prior to the 2005 revaluation.
By January 1st, 2009 all Turkish Banknotes and Coins will be replaced by new ones. Oslo, very useful page which you can visit is Euros to Dollars exchange rate.