Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates

    GBP to TRY Forecasts

    Analysis of recent sterling→lira forecasts. We collate forecasts from respected FX analysts together with the latest GBP to TRY performance and trends.


    Forecasts for GBP to TRY

    GBPTRY chart

    Based on recent exchange rate forecasts and currency market updates, FX analysts have noted a shift in sentiment towards the Pound (GBP) against the Turkish Lira (TRY). HSBC, which had previously been optimistic on the GBP, now believes that the rally in the currency has run its course and expects a reversion lower in the coming months. This change in outlook is partly attributed to the strong performance of the US dollar and a downturn in consumer confidence in both the UK and Eurozone, which tends to indicate macroeconomic underperformance.

    The GBP/TRY exchange rate has experienced significant volatility, influenced by factors such as economic data releases, political events, and changes in central bank policy. The uncertainty surrounding ongoing post-Brexit negotiations and the economic impact of the UK's departure from the EU have contributed to the fluctuations in sterling exchange rates. It is worth noting that the term "Cable" is used to refer to the GBP/USD exchange rate, but its momentum-driven nature often causes it to deviate from forecasted levels.

    On the other hand, the Turkish Lira has weakened to record lows against most currencies, including the GBP. Recent natural disasters, such as earthquakes and floods, have further impacted Turkey's economy. However, there has been a slight respite in the depreciation of the lira following the implementation of more rational economic policies by President Recep Tayyip Erdoğan's new economic team.

    Currently, the GBP to TRY exchange rate is trading at 33.52, which is 1.1% below its three-month average. The exchange rate has exhibited a fairly volatile range, fluctuating between 32.44 and 35.12, reflecting the market's uncertainty and the heightened level of risk involved in trading this currency pair.

    Compare & Save - Pound Sterling to Turkish lira

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (GBP) to Turkish lira (TRY) rates from different sources before making a conversion.

    Use our GBP to TRY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on sterling to lira currency rates and the possible savings of using various providers.

    @bestfxrates : GBP to TRY exchange rate update: Currently at 33.52, 1.1% below its three-month average, reflecting strong USD, weak consumer confidence, and post-Brexit uncertainties. Despite ongoing political events in Turkey, the Lira shows some resilience. Stay alert to market volatility #FXUpdate #GBPTRY

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.


    GBP to TRY Market Data

    Pound Sterling (GBP) to Turkish lira (TRY) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 GBP =
    33.44We compare provider deals to this wholesale mid-market rate. Read more
    GBP to TRY at 33.43 is 1.3% below its 3-month average of 33.88, having traded in a fairly volatile 8.3% range from 32.44 to 35.12
    Sell GBP   →   Buy TRY
    My Rates

    Manage My Rates   

      1 TRY = 0.029908 GBP
    15 Sep 2023
    0% 2 Week
    01 Jul 2023
    1% 3 Month
    29 Sep 2022
    61.8% 1 Year
    30 Sep 2018
    324.2% 5 Year
    01 Oct 2013
    926.6% 10 Year
    04 Oct 2003
    1341.8% 20 Year
    GBP/TRY historic rates & change to 29-Sep-2023

    Will the Pound Sterling rise against the Turkish lira?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add GBP/TRY to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

    Track Rate

    Manage My Rates   


    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to Turkey - a practical currency and money guide to travel, living and doing business in Turkey with the Turkish lira.


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more