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country currency pairs eurtry

Euro vs Turkish Lira

Euro vs Turkish Lira (EURTRY)

The EURTRY currency pair is a critical and dynamic component of the global foreign exchange market. It represents the exchange rate between the Euro and the Turkish Lira.

-.-- -.--%
Annual change
-.--%
All time High / Low
2.6051 / 36.12348
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
35.91205
High
36.12348

EURTRY Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: -5742.3
  • Swap Short: -70.5
  • Margin Group: FX Majors
  • Margin Currency: EUR
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of EURTRY

The history of the EURTRY currency pair has been marked by fluctuations influenced by various economic and political events. The Euro EUR was introduced in 1999, and since then, its exchange rate with the Turkish Lira TRY has experienced periods of volatility. Notable events include the Turkish economic crisis in 2001, the Eurozone debt crisis in the 2010s, and geopolitical tensions affecting Turkey. These events have led to both appreciation and depreciation of the TRY against the EUR, making the EURTRY pair a subject of interest for traders and investors seeking opportunities in the foreign exchange market.

currency pair eurtry

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Frequently Asked Questions

EURTRY is the currency pair symbol for the exchange rate between the Euro EUR and the Turkish Lira TRY. It represents how many Turkish Lira are needed to buy one Euro. Currency pairs like EURTRY are commonly used in forex trading to speculate on fluctuations in exchange rates between different currencies.

You can trade the EURTRY pair through a forex broker. Forex brokers usually offer trading platforms that allow traders to buy and sell currency pairs like EURTRY. Before trading, it is important to have a trading plan that includes a strategy and risk management techniques. It is also essential to stay up-to-date with market news, economic events, and technical analysis to make informed trading decisions.

The trading hours for EURTRY can be found here

Trading strategies for the EURTRY pair encompass a range of approaches, including trend following, swing trading, breakout trading, scalping, fundamental analysis, carry trades, and hedging. These strategies leverage technical and fundamental factors to guide trading decisions, catering to different trading styles and objectives. Traders may choose a strategy that aligns with their risk tolerance and market outlook.

When trading the EURTRY pair, it’s crucial to consider various factors. First, monitor economic indicators and central bank policies in both the Eurozone and Turkey. Keep an eye on political developments, as they can influence market sentiment. Additionally, stay informed about global events that might affect currency markets. Be mindful of the pair’s volatility, as it can lead to rapid price fluctuations. Implement risk management techniques to protect your investments, and consider factors like interest rate differentials when making trading decisions. Finally, conduct thorough analysis and have a well-defined trading strategy to guide your actions.