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Turkish Lira to Euro (TRY/EUR) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: September 20, 2024 (7:51)
Reverse forecast: EUR to TRY
Turkish Lira / Euro price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 Turkish Lira (TRY) to Euro (EUR) | 2.6 | 2.6 | 2.5 | |
| 200 Turkish Lira (TRY) to Euro (EUR) | 5.2 | 5.2 | 5 | |
| 500 Turkish Lira (TRY) to Euro (EUR) | 12.9 | 13 | 12.5 | |
| 1000 Turkish Lira (TRY) to Euro (EUR) | 25.9 | 26 | 25.1 | |
| 3000 Turkish Lira (TRY) to Euro (EUR) | 77.6 | 77.9 | 75.3 |
How much will the TRY/EUR currency pair cost in 2024, 2025 and 2026? What is the forecast for the TRY/EUR currency pair? What is the target price of the Turkish Lira / Euro currency pair for 2024-2026?
We continuously scrutinize the key events in the news flow to assist you in tackling the essential question: Will the Turkish Lira rise or fall against the Euro?
Identifying the trend of the TRY/EUR currency pair
The recent climb of the Euro to a nearly three-week high against the US dollar underlines market anticipation of potential shifts in monetary policy by the Federal Reserve. Investors are poised to watch for possible changes that could influence currency valuations, reflecting a predominantly neutral sentiment as they await policy outcomes.
The dollar's marginal decline following softer CPI data suggests a minor weakening influence on the EUR exchange rate. However, this impact is cushioned by a stable currency market, maintaining a neutral stance given the current economic landscape.
Meanwhile, Ferrari's buyback program may bolster confidence within the Eurozone, enhancing investor sentiment and suggesting a somewhat bullish outlook for the EUR. This corporate stability might fortify currency strength amidst mixed market signals.
Large speculators slightly easing their net long Euro positions introduces a cautionary note, reflecting a softness in bullish sentiment which may present mild downside risks to the EUR.
Overall, investors should anticipate nuanced currency movements characterized by a blend of cautious optimism and speculative adjustments as external economic indicators develop. The overarching expectation is for a guarded outlook with potential fluctuations influenced by forthcoming economic announcements.
EUR Trend Forecasting
Regarding the EUR currency, 19 news pieces were analyzed. The average relevance of these news items is 0.46 (the closer to 1, the higher).|
2024-09-18
|
Neutral | Impact: 0.06 | News: 1 (0/1/0) |
|
2024-09-16
|
Neutral | Impact: 0.05 | News: 4 (1/3/0) |
|
2024-09-13
|
Bullish | Impact: 0.32 | News: 2 (2/0/0) |
|
2024-09-12
|
Bullish | Impact: 0.11 | News: 3 (2/1/0) |
|
2024-09-11
|
Neutral | Impact: -0.14 | News: 2 (0/1/1) |
|
2024-09-10
|
Bullish | Impact: 0.22 | News: 2 (2/0/0) |
|
2024-09-09
|
Bullish | Impact: 0.32 | News: 2 (1/1/0) |
|
2024-09-06
|
Bullish | Impact: 0.24 | News: 2 (1/1/0) |
|
2024-09-05
|
Neutral | Impact: -0.02 | News: 1 (0/1/0) |
Euro Climbs to Nearly Three-Week High Amid Anticipation of Fed Meeting
September 18, 2024 (11:17)
Trend: Neutral
Influence: 0.06
The Euro's rise to a three-week high against the US dollar is partly driven by market anticipation surrounding the upcoming Federal Reserve meeting. This development reflects a neutral sentiment as investors await potential monetary policy changes that could impact currency exchange rates.
Canadian Markets Anticipate Mixed Open Amid Earthquake News
September 16, 2024 (13:27)
Trend: Neutral
Influence: 0
The neutral sentiment for the EUR exchange rate reflects limited direct impact from the Canadian market's mixed opening and earthquake event. Since the main event is localized and without broader economic implications or disruptions, it does not significantly influence Eurozone currencies.
This chart provides a comparative trend analysis of sentiment scores over time for TRY and EUR currencies, displaying their respective news coverage and associated sentiment.
By visualizing sentiment trends and news volume, investors and brokers can identify potential market-moving events, gauge market sentiment, and make more informed trading decisions.
Historical and forecast chart of the Turkish Lira/Euro currency pair
The chart below shows the historical quotes of the TRY/EUR pair and the forecast chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. A detailed forecast of the Turkish Lira/Euro rate can be found in the table below.
Long-term forecasts by years.
EUR Main News
Dollar Marginally Lower Following Softer CPI Data
September 16, 2024 (13:25)
Trend: Neutral
Influence: -0.03
The weaker CPI readings in the U.S. have slightly diminished the Dollar's strength, causing a modest impact on the EUR exchange rate. Despite the Dollar's decline, the EUR exchange rate remains largely stable, indicating a neutral response from the currency market.
Ferrari N.V. Updates on Share Buyback Program Progress
September 16, 2024 (13:26)
Trend: Somewhat-Bullish
Influence: 0.29
Ferrari's announcement of further investments in its share buyback program demonstrates confidence and stability within the company, positively impacting its market valuation. This development likely contributes to a somewhat bullish sentiment for the EUR, as strong corporate performance in the Eurozone can enhance investor confidence and currency strength.
Speculators Slightly Reduce Euro Net Long Positions
September 16, 2024 (07:20)
Trend: Neutral
Influence: -0.08
The slight reduction in Euro net long positions by large speculators indicates a softening bullish sentiment, which could mildly weaken the EUR exchange rate. This neutral sentiment suggests that speculators are cautious about potential downside risks in the currency markets.
India's Forex Reserves Achieve Record High of $689.24 Billion
September 13, 2024 (12:03)
Trend: Bullish
Influence: 0.37
The increase in India's forex reserves signifies a stronger economic position for India, boosting investor confidence and promoting a bullish sentiment on the EUR. As India strengthens its foreign reserve holdings, it potentially stabilizes its currency, which can lead to more favorable exchange rates with the EUR.
Euro Reaches One-Week High After Comments from Lagarde
September 13, 2024 (06:36)
Trend: Somewhat-Bullish
Influence: 0.28
The comments from Lagarde likely signaled economic optimism or monetary policy shifts, mildly boosting investor confidence in the EUR. This resulted in a somewhat bullish sentiment, propelling the euro to its one-week high.
ECB Cuts Interest Rates as Markets Rebound; EUR Shows Resilience
September 12, 2024 (16:58)
Trend: Somewhat-Bullish
Influence: 0.18
The European Central Bank's decision to lower interest rates can make the euro less attractive to investors seeking higher yields, yet the anticipation of similar moves by the Federal Reserve might mitigate this impact. As a result, despite the rate cut, the EUR demonstrates a somewhat bullish sentiment, indicating a belief in the currency's relative strength or resilience in the face of broader market adjustments.
Euro Trades Near One-Month Low as ECB Decision Looms
September 12, 2024 (11:48)
Trend: Neutral
Influence: -0.1
The euro's lingering at a one-month low indicates market caution as investors speculate on the direction of the ECB's monetary policy. Given the negative sentiment score, traders may be expecting the ECB to maintain or even ease monetary policies, which can weaken the euro against the dollar.
GE T&D Shares Rise Over 4% Following New Order Acquisitions
September 12, 2024 (04:22)
Trend: Somewhat-Bullish
Influence: 0.26
The positive trend in GE T&D India shares likely boosts investor confidence, resulting in a somewhat bullish sentiment for the EUR. This optimism could stem from the anticipation of improved economic interactions and trade dynamics involving Eurozone businesses and their Indian counterparts.
Investigations into Axis MF Highlight Front-running Issues in Indian Markets
September 11, 2024 (15:23)
Trend: Neutral
Influence: -0.04
The news about Axis MF's front-running case introduces uncertainty in financial markets, prompting caution among European investors toward emerging market assets. This has led to a slight negative impact on the EUR as investors adjust their risk exposure.
Statkraft Issues SEK 500 Million in Long-Term Green Bonds
September 11, 2024 (12:57)
Trend: Somewhat-Bearish
Influence: -0.25
The issuance of SEK-denominated green bonds by Statkraft, with a specific coupon rate under the Euro Medium Term Note program, may increase demand for SEK over EUR in the bond market. This shift in demand potentially impacts the EUR negatively, contributing to the somewhat bearish sentiment.
Update on Ferrari's Share Buyback Program
September 10, 2024 (14:17)
Trend: Somewhat-Bullish
Influence: 0.29
The announcement of Ferrari's substantial share buyback program suggests strong financial confidence, positively impacting investor sentiment around the EUR. As Ferrari is a high-profile European company, its financial activities can have a ripple effect, reinforcing confidence in the Eurozone economy and contributing to the slightly bullish sentiment on the EUR.
IMF Highlights Greater Role for Alternative Currencies Amid Geoeconomic Fragmentation
September 10, 2024 (07:17)
Trend: Somewhat-Bullish
Influence: 0.15
The IMF's observation about the increasing role of alternative currencies suggests potential diversification away from traditional currencies like the EUR. This aspect might be positively influencing the EUR, reflecting a growing confidence in its stability amidst global economic changes.
Completion of Share Buyback Programme
September 9, 2024 (15:30)
Trend: Bullish
Influence: 0.5
The completion of DEME Group NV's share buyback programme signals strong financial health and investor confidence, positively influencing the EUR. The bullish sentiment towards the EUR suggests an anticipation of stable or improving economic conditions in the Eurozone.
Increase in Euro Net Long Positions by Speculators Continues
September 9, 2024 (09:02)
Trend: Neutral
Influence: 0.13
The rise in net long positions by large speculators suggests a positive sentiment towards the Euro, despite the overall neutral impact on the exchange rate as indicated by the sentiment score. This indicates that while investor interest is increasing, it may not be substantial enough yet to significantly shift market sentiment toward a bullish outlook.
India's Forex Reserves Reach Record $683.9 Billion After $2.3 Billion Surge
September 6, 2024 (12:14)
Trend: Bullish
Influence: 0.37
The significant boost in India's forex reserves suggests robust economic conditions which could positively influence the EUR exchange rate due to increased investor confidence in emerging markets. The bullish sentiment for EUR may also reflect expectations of stronger trade relations between India and the Euro area.
Comprehensive Analysis of News and Events influencing the TRYEUR currency pair
We predict the dynamics of currency pairs using resonant artificial intelligence systems. Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account.
The results of forecasts of the Turkish Lira/Euro currency pair are shown below and presented in the form of charts, tables and text information, divided into time intervals (Next month, 2024, 2025 and 2026).
Forecasts are adjusted once a day taking into account the price change of the previous day.
Turkish Lira / Euro Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Sep 22 | 0.0259 | 0.0258 | 0.0260 | 0.89 % |
| Sep 23 | 0.0260 | 0.0258 | 0.0261 | 1.36 % |
| Sep 24 | 0.0259 | 0.0258 | 0.0261 | 1.14 % |
| Sep 25 | 0.0261 | 0.0259 | 0.0263 | 1.49 % |
| Sep 26 | 0.0261 | 0.0259 | 0.0262 | 0.94 % |
| Sep 27 | 0.0260 | 0.0259 | 0.0260 | 0.55 % |
| Sep 28 | 0.0258 | 0.0258 | 0.0259 | 0.57 % |
| Sep 29 | 0.0258 | 0.0256 | 0.0258 | 1.00 % |
| Sep 30 | 0.0258 | 0.0257 | 0.0258 | 0.72 % |
| Oct 01 | 0.0258 | 0.0257 | 0.0259 | 0.84 % |
| Oct 02 | 0.0260 | 0.0259 | 0.0262 | 0.87 % |
| Oct 03 | 0.0258 | 0.0256 | 0.0259 | 1.26 % |
| Oct 04 | 0.0256 | 0.0253 | 0.0257 | 1.44 % |
| Oct 05 | 0.0257 | 0.0256 | 0.0258 | 0.95 % |
| Oct 06 | 0.0255 | 0.0254 | 0.0257 | 1.34 % |
| Oct 07 | 0.0254 | 0.0253 | 0.0257 | 1.35 % |
| Oct 08 | 0.0253 | 0.0251 | 0.0254 | 0.98 % |
| Oct 09 | 0.0253 | 0.0251 | 0.0254 | 1.28 % |
| Oct 10 | 0.0252 | 0.0251 | 0.0253 | 1.10 % |
| Oct 11 | 0.0252 | 0.0251 | 0.0254 | 1.15 % |
| Oct 12 | 0.0251 | 0.0250 | 0.0253 | 1.15 % |
| Oct 13 | 0.0251 | 0.0249 | 0.0251 | 1.07 % |
| Oct 14 | 0.0249 | 0.0248 | 0.0250 | 0.57 % |
| Oct 15 | 0.0249 | 0.0248 | 0.0250 | 1.08 % |
| Oct 16 | 0.0247 | 0.0245 | 0.0248 | 1.15 % |
| Oct 17 | 0.0247 | 0.0246 | 0.0248 | 0.73 % |
| Oct 18 | 0.0248 | 0.0247 | 0.0250 | 1.31 % |
| Oct 19 | 0.0249 | 0.0247 | 0.0250 | 1.08 % |
| Oct 20 | 0.0250 | 0.0249 | 0.0251 | 1.05 % |
| Oct 21 | 0.0251 | 0.0249 | 0.0252 | 0.95 % |
Target daily price TRY/EUR
Target values of the TRY/EUR currency pair as of 09-22-2024.
Optimistic target level: 0.0260
Pessimistic target level: 0.0258
Target values of the TRY/EUR currency pair as of 09-23-2024.
Optimistic target level: 0.0261
Pessimistic target level: 0.0258
Target values of the TRY/EUR currency pair as of 09-24-2024.
Optimistic target level: 0.0261
Pessimistic target level: 0.0258
Target values of the TRY/EUR currency pair as of 09-25-2024.
Optimistic target level: 0.0263
Pessimistic target level: 0.0259
Target values of the TRY/EUR currency pair as of 09-26-2024.
Optimistic target level: 0.0262
Pessimistic target level: 0.0259
Turkish Lira / Euro (TRY/EUR) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 0.0254 | 0.0245 | 0.0262 | 6.45 % |
| Nov | 0.0252 | 0.0245 | 0.0256 | 4.37 % |
| Dec | 0.0257 | 0.0250 | 0.0261 | 4.23 % |
TRY/EUR forecast for this year
Forecast of the TRY/EUR pair for Oct 2024
Forecast of the TRY/EUR pair for Nov 2024
Forecast of the TRY/EUR pair for Dec 2024
Turkish Lira / Euro (TRY/EUR) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.0260 | 0.0255 | 0.0265 | 3.86 % |
| Feb | 0.0256 | 0.0248 | 0.0260 | 4.61 % |
| Mar | 0.0244 | 0.0239 | 0.0247 | 3.43 % |
| Apr | 0.0241 | 0.0235 | 0.0248 | 5.45 % |
| May | 0.0243 | 0.0234 | 0.0248 | 5.64 % |
| Jun | 0.0239 | 0.0234 | 0.0243 | 3.48 % |
| Jul | 0.0247 | 0.0242 | 0.0250 | 3.28 % |
| Aug | 0.0247 | 0.0239 | 0.0251 | 5.03 % |
| Sep | 0.0245 | 0.0237 | 0.0251 | 5.80 % |
| Oct | 0.0236 | 0.0232 | 0.0238 | 2.61 % |
| Nov | 0.0235 | 0.0226 | 0.0242 | 6.36 % |
| Dec | 0.0236 | 0.0229 | 0.0241 | 5.04 % |
Turkish Lira / Euro (TRY/EUR) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.0235 | 0.0230 | 0.0241 | 4.41 % |
| Feb | 0.0227 | 0.0221 | 0.0233 | 5.26 % |
| Mar | 0.0226 | 0.0219 | 0.0231 | 5.38 % |
| Apr | 0.0220 | 0.0217 | 0.0225 | 3.64 % |
| May | 0.0217 | 0.0211 | 0.0225 | 6.17 % |
| Jun | 0.0227 | 0.0220 | 0.0233 | 5.47 % |
| Jul | 0.0229 | 0.0226 | 0.0233 | 3.26 % |
| Aug | 0.0229 | 0.0225 | 0.0234 | 3.84 % |
| Sep | 0.0224 | 0.0216 | 0.0226 | 4.45 % |
| Oct | 0.0216 | 0.0209 | 0.0225 | 7.19 % |
| Nov | 0.0207 | 0.0203 | 0.0211 | 3.92 % |
| Dec | 0.0208 | 0.0203 | 0.0214 | 5.27 % |