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CHF/TRY - Convert Compare Save

Swiss Franc to Turkish Lira exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Swiss Franc to Turkish Lira exchange rate, has news, forecasts and CHF to TRY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

CHF/TRY Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for CHF/TRY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 

CHF to TRY International Money Transfers

  

Foreign Transfer ProvidersReceive TRY(₺)Exchange RateFee CHFTotal CostDeal Links
OFX logo
56,914 TRY5.69140 for BER users (normally $15)1.2%
HSBC logo
54,339 TRY5.4421Fr155.67%
Banks - Average Rate
Deutsche Bank logo Citibank logo UBS Bank logo HSBC logo
53,987 TRY5.4296156.28%
UBS Bank International Money Transfers
UBS Bank logo
53,932 TRY5.4477Fr1006.38%
Citibank International Money Transfers
Citibank logo
53,856 TRY5.3921126.51%
Deutsche Bank International Money Transfers
Deutsche Bank logo
53,822 TRY5.4366Fr1006.57%
 
OFX: Foreign Transfer CHF→TRY
CHF amount:10,000 CHF
Fee:0 for BER users (normally $15)
Exchange Rate:5.6914 (1.2% from mid-rate)
TRY amount:56,914 TRY
Total Cost:1.2%
Time:
Rate Fetched: 1:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CHF→TRY
CHF amount:10,000 CHF
Fee:Fr15 CHF (.15%)
Exchange Rate:5.4421 (5.53% from mid-rate)
TRY amount:54,339 TRY
Total Cost:5.67%
Difference:
2,575 TRY less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CHF→TRY
CHF amount:10,000 CHF
Fee:15
Exchange Rate:5.5033 (4.46% from mid-rate)
TRY amount:53,987 TRY
Total Cost:6.28%
Difference:
2,927 TRY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

UBS Bank logoUBS Bank

UBS Bank: Foreign Transfer CHF→TRY
CHF amount:10,000 CHF
Fee:Fr100 CHF (1%)
Exchange Rate:5.4477 (5.43% from mid-rate)
TRY amount:53,932 TRY
Total Cost:6.38%
Difference:
2,982 TRY less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer CHF→TRY
CHF amount:10,000 CHF
Fee:12
Exchange Rate:5.3921 (6.4% from mid-rate)
TRY amount:53,856 TRY
Total Cost:6.51%
Difference:
3,058 TRY less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Deutsche Bank logoDeutsche Bank

Deutsche Bank: Foreign Transfer CHF→TRY
CHF amount:10,000 CHF
Fee:Fr100 CHF (1%)
Exchange Rate:5.4366 (5.62% from mid-rate)
TRY amount:53,822 TRY
Total Cost:6.57%
Difference:
3,092 TRY less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 07/20/2019 - See full table

CHF to TRY interbank exchange rate = 5.7605

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on CHF/TRY exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

CHF and TRY in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CHF vs TRY, you should pay attention to the recent market trends for both currencies.

 

Swiss Franc (CHF)

The Swiss National Bank continues to reaffirm its commitment to an ultra-loose monetary policy, which includes negative interest rates and a willingness to intervene in FX markets, as part of an effort to spark inflation in the economy.

The SNB will be unhappy, therefore, with the franc’s strength in May.

Between April-23 and May-24 (the day of this report), the franc was the best performing G10 currency; it gained 2.2 percent against the euro, taking EUR/CHF back towards Fr1.12 and close to long-term lows (franc highs).

May’s strength reflected worsening sentiment towards the global economy, driven by a significant escalation in US-China trade tensions. As a safe haven, the franc typically gains value during tough times and sinks when investors gain confidence.

 

Turkish Lira (TRY)

In the second half of April, the lira slipped to its weakest level in 6 months against the dollar, at ₺5.83. It was 11.5 percent lower than its strongest level from January, but was 21.5 percent higher than its 2018 low (2018 was a crisis year for the lira).

In April, Turkey described a reform package aimed at lifting the economy out of recession. The package included billions injected into banks, reduced tax exemptions, lower corporate tax rates and a crackdown on the shadow economy; however, ratings agencies did not see many positives in the plans due to inadequate details.

TradingEconomics.com sees the lira quoted 5 percent weaker against the dollar in April 2020, at ₺6.14.

Why can't I just get the CHF/TRY market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the CHF / TRY was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all CHF Exchange Rates