The EURTRY is the abbreviation for the Euro and the Turkish Lira. In the pair, the Euro (base currency) is quoted in terms of the Turkish Lira (counter currency). The Turkish lira is one of the less traded currencies in the foreign exchange market with EURTRY being its most active currency pairing. The currency pair started trading since 2008 and has been quite liquid as compared to many other exotic currency pairs. Volatility has however declined due to monetary policy aiming to maintain price stability in the Euro-Zone market. Best times to trade the EUR/TRY is during the European trading session.