EUR/TRY

EUR/TRY CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Euro against the Turkish Lira.

The Euro, issued by the Eurozone, is one of the world's major currencies. Its value is influenced by the economic performance of the Eurozone countries, monetary policy set by the European Central Bank (ECB), and overall global economic conditions.

The Turkish Lira, issued in Turkey, is influenced by Turkey's economic performance, which can be volatile due to factors such as inflation, political instability, and geopolitical events. The Central Bank of the Republic of Turkey's (CBRT) monetary policy also plays a significant role in the Lira's value. The EUR/TRY currency pair will be influenced by the relative economic performance and monetary policies of the Eurozone and Turkey, and also by Turkey's political and economic stability.