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About this currency pair
Euro (EUR) — the shared currency of the eurozone
The euro is the shared currency of the eurozone, used across many European economies rather than a single country. It was introduced for accounting and electronic payments in 1999 and euro cash followed in 2002, making it a common reference for travel, online shopping, invoices, salaries, savings and cross-border business inside Europe. It is also one of the main currencies followed in global foreign-exchange markets.
Turkmenistani Manat (TMT) — the currency of Turkmenistan
The Turkmenistani manat in its current form follows a 2009 redenomination of the earlier manat. The Turkmenistani Manat is used in Turkmenistan, where it provides the reference for local prices, wages, public payments, bank accounts and invoices. It often appears in travel spending, regional trade, energy or goods imports, remittances and comparisons with EUR, USD or neighboring currencies. The manat name is used in parts of the Caucasus and Central Asia, so the currency code distinguishes it from similar names.