↑ Currency & Exchange Rate Guide a section from the guide
Dollar or Euro: Which Makes More Sense?
The most common FX choice for investors in Türkiye: dollar or euro? The answer is not singular — it depends on purpose of use, the macro environment and personal risk tolerance.
Global Liquidity and Usage
The dollar is the world's reserve currency; more than 40% of global trade runs through it. The euro is the second-largest reserve currency — a natural choice for European trade and those doing business with the EU.
For those in Türkiye importing-exporting with Europe or planning education/travel in the EU, the euro is practical. For general-purpose savings the dollar is more liquid.
Interest-Rate Differential and Deposit Return
US and Eurozone policy rates differ. The dollar deposit rate is generally higher than the euro deposit rate (for the 2024–2026 period). For an investor seeking deposit returns this difference can be meaningful.
Indirect EUR/USD Parity Risk
Tying your savings to a single currency carries EUR/USD parity risk. For those wanting a balanced portfolio, a mix such as 70% dollar + 30% euro provides currency diversification.
Frequently Asked Questions
- Is holding only dollars enough?
- For general purposes, yes. If you have business/travel needs with Europe, adding a euro mix makes sense.