Exchange rates for the euro in Turkey / EUR 1 = TRL ... (buying) / up to 2004

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Time series key	BBEX3.A.TRL.EUR.CA.AA.A04
Unit	TRL
Dimension	one
Timespan	from 1999 to 2004
Last update	20.09.2023 12:51:03 PM

General	In addition to the official exchange rates published by the central bank, the commercial banks set their own rates for a time. These rates could deviate significantly from the central bank rate over the course of a day. Currency conversion effective from 1 January 2005: 1,000,000 Turkish lira (TRL) = 1 New Turkish lira (TRY), designated as Turkish lira (TRY) since 1 January 2009.
Methodology	Until 2000, calculated on the basis of daily exchange rates, from 2012 on the basis of mid-month and month-end rates.
Source	Central Bank of Turkey, Ankara.

Comment on 2001	On 22 February 2001, the exchange rate arrangements for the Turkish lira were changed; since this date, Turkey has used an independent floating exchange rate system. This measure led to sharp exchange rate fluctuations. The following exchange rates (buying/selling rate) were reported to us by the Turkish central bank at the start of trading: 22 February 2001: EUR 1 = TRL 626,858 / 629,881 23 February 2001: EUR 1 = TRL 867,168 / 871,350 26 February 2001: EUR 1 = TRL 972,449 / 977,139 27 February 2001: EUR 1 = TRL 860,192 / 864,341

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