Forecast: EURTRY from 2023 to 2027

S&P 500 set to open higher as falling jobless rate offsets tech slide

Updated: November 6, 2023

Inverse rate: TRY to EUR

Euro to Turkish Lira price online today

Wondering about the future value of the Euro against the Turkish Lira in 2021? Uncover insights, trends, and potential swings in the EUR/TRY exchange rate. Get detailed analytics, projections, and monthly breakdowns to navigate the forex waters with confidence.

Is the Euro on an upward trajectory, or will it face a downturn against the Turkish Lira? Your quest for actionable insights and data-driven forecasts ends here.

We employ advanced resonant artificial intelligence systems, ensuring a holistic approach that encompasses technical and fundamental analysis. We sift through the noise, considering the global geopolitical landscape, news background, and a plethora of other factors that influence the intricate dance of currency values.

Below, discover a treasure trove of insights into the Euro/Turkish Lira pair, enriched with graphs, tables, and a detailed narrative, turning complex data into actionable intelligence.

Navigate through each month of 2021 with precision, uncovering the projected value of Euro against the Turkish Lira. Every prediction is crafted with a blend of cutting-edge technology and market expertise, serving as your compass in the world of forex trading.

Deep Dive: Euro/Turkish Lira Exchange Rate's Historical & Projected Trends

Explore the intricate movements of the Euro/Turkish Lira currency pair, meticulously plotted on the interactive chart below. Witness the pair’s historical performance and journey through our expertly crafted predictions, showcasing potential trajectories for the upcoming year.

The visual representation is color-coded for optimal clarity: historical data, optimistic forecasts, pessimistic outlooks, and our esteemed weighted average best forecast. Each strand of data weaving a comprehensive tapestry of insights for EUR/TRY currency enthusiasts and investors alike.

Beyond the ebb and flow of short-term trends, embark on a journey through our long-term forecasts. Rooted in rigorous analysis and futuristic modeling, our predictions for Euro/Turkish Lira transcend the typical, offering insights till , encapsulating myriad possibilities and market dynamics.

Whether you’re an investor seeking to make informed decisions, a trader anticipating the next big move, or a financial enthusiast hungry for knowledge, this rich blend of data and analytics is your gateway to the profound insights and trends of the Euro/Turkish Lira currency pair. Each piece of data, every projection, is a stepping stone towards strategic financial moves and informed investment choices.

Euro / Turkish Lira (EUR/TRY) Forecast 2021 Monthly

Month Target Pes. Opt. Vol., %

Unravel the mystery of currency trading and investment with a comprehensive outlook provided below. These key terms are essential in understanding the depth of our currency pair forecasts and analyses.

Target refers to the anticipated weighted average price of the EUR/TRY currency pair for a specific timeframe. This intricate prediction is derived from a symphony of data analyses and expert insights, ensuring a balanced and informed projection.

Pes. symbolizes the pessimistic forecast level, painting a scenario where market influences and trends lean towards a lower value of Euro against Turkish Lira. A vital piece of the puzzle for investors looking to understand potential downturn risks.

Opt. illuminates the optimistic forecast level, where the EUR shines brightly, potentially reaching higher valuations against the TRY. A beacon for opportunities and growth, vital for strategy formulation.

Vol., % unveils the expected volatility, a key metric quantifying the anticipated fluctuations in the Euro/Turkish Lira currency pair's value. An indispensable insight for traders and investors aiming to navigate the dynamic waves of the forex market with precision.

Armed with these insights, step into the world of Euro/Turkish Lira trading with confidence. Each term is a gateway to strategic decisions, empowering you to navigate the currency markets with informed steps, turning volatility and forecasts into opportunities waiting to be seized.

EUR / TRY forecast for 2021

Other currencies against the Turkish Lira (TRY)

(Reuters) – The S&P 500 was set for a higher open on Friday following a brutal selloff in the previous session as a drop in the unemployment rate offset a slide in technology stocks, while investors remained cautious about a patchy economic recovery.

Nonfarm payrolls increased by 1.37 million jobs last month after advancing 1.73 million in July, the Labor Department’s closely watched employment report showed. The unemployment rate fell to 8.4% from 10.2% in July, steeper than the 9.8% fall that economists polled by Reuters forecast.

Still, the data adds pressure on the White House and Congress to restart stalled negotiations over the next coronavirus relief package to lift the economy out of the worst recession since the Great Depression.

“The data is consistent with an improving labor market that is helping to support consumption, but remains a long ways away from pre-COVID-19 levels,” said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute.

After climbing to record highs on the back of historic stimulus and a narrow rally in heavyweight technology stocks, the S&P 500 and Nasdaq suffered their worst day in nearly three months on Thursday as investors booked gains.

Apple Inc (AAPL.O), Microsoft Inc (MSFT.O), Inc (AMZN.O), Tesla Inc (TSLA.O) and Nvidia Inc (NVDA.O), which bore the brunt of Thursday’s losses, extended declines to between 1% and 4% in premarket trading.

“Today you’re seeing participants trying to test whether yesterday’s sell-off is going to turn out to be something that has more to it or it was just a one-day selling pressure,” said Robert Pavlik, chief investment strategist at SlateStone Wealth LLC in New York.

Fund managers have warned Thursday’s declines may be a preview of a rocky two months ahead as institutional investors return from summer vacations and refocus on the potential economic pitfalls.

The run up to the Nov. 3 presidential election is also expected to add to volatility.

At 8:53 a.m. ET, Dow e-minis 1YMcv1 were up 176 points, or 0.62%. S&P 500 e-minis EScv1 were up 8.5 points, or 0.25% and Nasdaq 100 e-minis NQcv1 were down 76 points, or 0.64%.

Wall Street’s fear gauge eased from a 10-week high.

Shares of rate-sensitive bank stocks including Bank of America Corp (BAC.N), Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N) rose between 1.7% and 2% as the benchmark 10-year US10YT=RR yield bounced off of a near four-week low. [US/]


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