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GBP to TRY - Rate Guide

Pound Sterling 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/Card transactions as shown below.

 

1 GBP = 7.9899 TRY

   Sell GBP / Buy TRY  Switch

GBP to TRY - Trading Range (90 Day)
ALERT: 90-DAY HIGHS 🔔 |
GBP/TRY at 7.909 was trading 2.9% above the 90-day average 7.6859 with a range 7.3338 to 7.9129. ALERT: GBP/TRY has risen to 90-DAY HIGHS.
24-FEB 5PM-NY 10PM-LON | 25-Feb 9AM-SYD

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Quick Conversions from Pound Sterling to Turkish Lira

GBP

TRY

£ 1
7.9899
£ 5
39.95
£ 10
79.90
£ 20
159.80
£ 50
399.50
£ 100
798.99
£ 250
1,997
£ 500
3,995
£ 1,000
7,990
£ 2,000
15,980
£ 5,000
39,950
£ 10,000
79,899
£ 50,000
399,495
£ 100,000
798,990
More amounts

GBP

TRY

£ 0.1252
1
£ 0.6260
5
£ 1.2520
10
£ 2.5040
20
£ 6.2600
50
£ 12.52
100
£ 31.30
250
£ 62.60
500
£ 125.20
1,000
£ 250.40
2,000
£ 626.00
5,000
£ 1,252
10,000
£ 6,260
50,000
£ 12,520
100,000
More amounts

To calculate specific GBP/TRY amounts use our Convert GBP to TRY quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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 GBP/TRY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

GBP to TRY International Money Transfers

  

Foreign Transfer Providers Receive TRY(₺)Exchange RateFee GBPTotal CostDeal Links
OFX logo
39,114
Best Overall
7.8228£0^2.01%
TorFX logo
39,193
₺79 more
7.838501.82%
WorldFirst logo
39,719
₺605 more
7.943700.5%
HSBC logo
38,293
₺821 less
7.6701£7.54.07%
Natwest Bank logo
38,079
₺1,035 less
7.6387154.61%
Citibank International Money Transfers
Citibank logo
37,907
₺1,207 less
7.5996125.04%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
37,901
₺1,213 less
7.6027155.05%
Santander International Money Transfers
Santander logo
37,690
₺1,424 less
7.5682205.58%
Lloyds TSB logo
37,534
₺1,580 less
7.5369205.97%
 
OFX logo
OFX: Foreign Transfer GBP→TRY
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:7.8228 (2.01% from mid-rate)
To Amount (TRY)39,114
Total Cost:2.01%
Time:
Rate Fetched: Tue Feb 25 2020 17:11:12 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
TorFX logo
TorFX: Foreign Transfer GBP→TRY
From Amount (GBP)£5,000
Fee:
Exchange Rate:7.8385 (1.82% from mid-rate)
To Amount (TRY)39,193
Total Cost:1.82%
Difference:
₺79 TRY more than using OFX
Time:18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer GBP→TRY
From Amount (GBP)£5,000
Fee:
Exchange Rate:7.9437 (0.5% from mid-rate)
To Amount (TRY)39,719
Total Cost:0.5%
Difference:
₺605 TRY more than using OFX
Time:18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer GBP→TRY
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:7.6701 (3.93% from mid-rate)
To Amount (TRY)38,293
Total Cost:4.07%
Difference:
₺821 TRY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Foreign Transfer GBP→TRY
From Amount (GBP)£5,000
Fee:15
Exchange Rate:7.6387 (4.32% from mid-rate)
To Amount (TRY)38,079
Total Cost:4.61%
Difference:
₺1,035 TRY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer GBP→TRY
From Amount (GBP)£5,000
Fee:12
Exchange Rate:7.5996 (4.81% from mid-rate)
To Amount (TRY)37,907
Total Cost:5.04%
Difference:
₺1,207 TRY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer GBP→TRY
From Amount (GBP)£5,000
Fee:15
Exchange Rate:7.5447 (5.5% from mid-rate)
To Amount (TRY)37,901
Total Cost:5.05%
Difference:
₺1,213 TRY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Santander logo
Santander: Foreign Transfer GBP→TRY
From Amount (GBP)£5,000
Fee:20
Exchange Rate:7.5682 (5.2% from mid-rate)
To Amount (TRY)37,690
Total Cost:5.58%
Difference:
₺1,424 TRY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Lloyds TSB logo
Lloyds TSB: Foreign Transfer GBP→TRY
From Amount (GBP)£5,000
Fee:20
Exchange Rate:7.5369 (5.6% from mid-rate)
To Amount (TRY)37,534
Total Cost:5.97%
Difference:
₺1,580 TRY less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 02/25/2020 - View latest rates
 

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money Providers Amount TRY(₺)Exchange RateFee GBPTotal CostDeal Links
Post Office Money Foreign Currency
Post Office Money logo
7,650.2
Best Overall
7.650204.18%
Citibank Foreign Currency
Citibank logo
7,512.71
₺137 less
7.5886£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
7,446
₺204 less
7.5308£106.73%
Lloyds TSB logo
7,436.48
₺214 less
7.5116£106.85%
Santander Foreign Currency
Santander logo
7,436.48
₺214 less
7.5116£106.85%
Natwest Bank logo
7,398.93
₺251 less
7.5116£157.32%
Travelex Online UK logo
7,393.2
₺257 less
7.3932£0^7.4%
 
Post Office Money logo
Post Office Money: Travel Money GBP→TRY
From Amount (GBP)£1,000
Fee:0
Exchange Rate:7.6502 (4.18% from mid-rate)
To Amount (TRY)7,650.2
Total Cost:4.18%
Time:18:04 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Travel Money GBP→TRY
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:7.5886 (4.95% from mid-rate)
To Amount (TRY)7,512.71
Total Cost:5.9%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money GBP→TRY
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:7.5116 (5.91% from mid-rate)
To Amount (TRY)7,446
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 
Lloyds TSB logo
Lloyds TSB: Travel Money GBP→TRY
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:7.5116 (5.91% from mid-rate)
To Amount (TRY)7,436.48
Total Cost:6.85%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Santander logo
Santander: Travel Money GBP→TRY
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:7.5116 (5.91% from mid-rate)
To Amount (TRY)7,436.48
Total Cost:6.85%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Travel Money GBP→TRY
From Amount (GBP)£1,000
Fee:£15 GBP (Minimum fee)
Exchange Rate:7.5116 (5.91% from mid-rate)
To Amount (TRY)7,398.93
Total Cost:7.32%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Travelex Online UK logo
Travelex Online UK: Travel Money GBP→TRY
From Amount (GBP)£1,000
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:7.3932 (7.4% from mid-rate)
To Amount (TRY)7,393.2
Total Cost:7.4%
Time:
Rate Fetched: Tue Feb 25 2020 18:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 02/25/2020 - View latest rates
 

Country Guides (GBP & TRY)

United KingdomUnited Kingdom (GBP)United Kingdom (GBP)GuernseyGuernsey (GBP)
Isle of ManIsle of Man (GBP)JerseyJersey (GBP)South Georgia and South Sandwich IslandsSouth Georgia and South Sandwich Islands (GBP)
TurkeyTurkey (TRY)

GBP and TRY in the Markets

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

Pound Sterling (GBP)

With the Bank of England holding interest rates steady amid signs of a recovery in the health of the UK economy following the general election, the pound is showing strength against most currencies early in 2020.

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

Read more in the article GBP Forecasts.

 

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.


How to get Best GBP to TRY Exchange Rates

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).

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.

What is a good GBP to TRY exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the GBP to TRY exchange rate to the present day for periods going back upto 10 years.

PeriodChange*GBP/TRYDate
1 Day-0.2%7.919923 Feb 2020
7 Day+0.5%7.865617 Feb 2020
30 Day+1.8%7.764925 Jan 2020
3 Month+6.7%7.408126 Nov 2019
1 Year+13.7%6.950524 Feb 2019
5 Year+104.9%3.859225 Feb 2015
10 Year+235.7%2.355026 Feb 2010

*For period to 24-Feb 21UTC when GBP/TRY was 7.9060

When is the best time to exchange GBP to TRY?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all GBP Exchange Rates