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GBP/TRY - Convert Compare Save

British 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 transactions as shown below.

 

This resource page for the British Pound Sterling to Turkish Lira exchange rate, has news, forecasts and GBP 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.

GBP/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 GBP/TRY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive TRY(₺)Exchange RateFee GBPTotal CostDeal Links
WorldFirst logo
35,188 TRY
Best Overall
7.037500.5%
TorFX logo
33,796 TRY
1,392 TRY
6.759104.44%
OFX logo
33,829 TRY
1,359 TRY
6.7658£0^4.34%
HSBC logo
33,119 TRY
2,069 TRY
6.6337£7.56.35%
Natwest Bank logo
32,934 TRY
2,254 TRY
6.6066156.87%
Citibank International Money Transfers
Citibank logo
32,785 TRY
2,403 TRY
6.5727127.3%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
32,779 TRY
2,409 TRY
6.5754157.31%
Santander International Money Transfers
Santander logo
32,597 TRY
2,591 TRY
6.5456207.83%
Lloyds TSB logo
32,462 TRY
2,726 TRY
6.5185208.21%
WorldFirst: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:
Exchange Rate:7.0375 (0.5% from mid-rate)
TRY amount:35,188 TRY
Total Cost:0.5%
Time:12:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
TorFX: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:
Exchange Rate:6.7591 (4.44% from mid-rate)
TRY amount:33,796 TRY
Total Cost:4.44%
Difference:
1,392 TRY less than using WorldFirst
Time:12:20 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:6.7658 (4.34% from mid-rate)
TRY amount:33,829 TRY
Total Cost:4.34%
Difference:
1,359 TRY less than using WorldFirst
Time:
Rate Fetched: Sun Aug 25 2019 10:11:06 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:6.6337 (6.21% from mid-rate)
TRY amount:33,119 TRY
Total Cost:6.35%
Difference:
2,069 TRY less than using WorldFirst
Time:12:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:6.6066 (6.59% from mid-rate)
TRY amount:32,934 TRY
Total Cost:6.87%
Difference:
2,254 TRY less than using WorldFirst
Time:12:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:6.5727 (7.07% from mid-rate)
TRY amount:32,785 TRY
Total Cost:7.3%
Difference:
2,403 TRY less than using WorldFirst
Time:12:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:6.5253 (7.74% from mid-rate)
TRY amount:32,779 TRY
Total Cost:7.31%
Difference:
2,409 TRY less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logoSantander

Santander: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:6.5456 (7.46% from mid-rate)
TRY amount:32,597 TRY
Total Cost:7.83%
Difference:
2,591 TRY less than using WorldFirst
Time:12:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:6.5185 (7.84% from mid-rate)
TRY amount:32,462 TRY
Total Cost:8.21%
Difference:
2,726 TRY less than using WorldFirst
Time:12:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/25/2019 - See full table

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 ProvidersAmount TRY(₺)Exchange RateFee GBPTotal CostDeal Links
Post Office Money Foreign Currency
Post Office Money logo
6,777.6 TRY
Best Overall
6.777604.18%
Citibank Foreign Currency
Citibank logo
6,655.77 TRY
122 TRY
6.723£105.9%
Travelex Online UK logo
6,599.3 TRY
178 TRY
6.5993£0^6.7%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
6,597 TRY
181 TRY
6.6718£106.73%
Lloyds TSB logo
6,588.15 TRY
189 TRY
6.6547£106.85%
Santander Foreign Currency
Santander logo
6,588.15 TRY
189 TRY
6.6547£106.85%
Natwest Bank logo
6,554.88 TRY
223 TRY
6.6547£157.32%
Post Office Money: Travel Money GBP→TRY
GBP amount:£1,000 GBP
Fee:0
Exchange Rate:6.7776 (4.18% from mid-rate)
TRY amount:6,777.6 TRY
Total Cost:4.18%
Time:12:20 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Travel Money GBP→TRY
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:6.7230 (4.95% from mid-rate)
TRY amount:6,655.77 TRY
Total Cost:5.9%
Time:12:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online UK: Travel Money GBP→TRY
GBP amount:£1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:6.5993 (6.7% from mid-rate)
TRY amount:6,599.3 TRY
Total Cost:6.7%
Time:
Rate Fetched: Sun Aug 25 2019 10:30:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→TRY
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:6.6547 (5.91% from mid-rate)
TRY amount:6,597 TRY
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Travel Money GBP→TRY
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:6.6547 (5.91% from mid-rate)
TRY amount:6,588.15 TRY
Total Cost:6.85%
Time:12:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logoSantander

Santander: Travel Money GBP→TRY
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:6.6547 (5.91% from mid-rate)
TRY amount:6,588.15 TRY
Total Cost:6.85%
Time:12:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Travel Money GBP→TRY
GBP amount:£1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:6.6547 (5.91% from mid-rate)
TRY amount:6,554.88 TRY
Total Cost:7.32%
Time:12:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/25/2019 - See full table

GBP to TRY interbank exchange rate = 7.0729

 
 

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 GBP/TRY exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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.

 

British Pound Sterling (GBP)

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

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.

Why can't I just get the GBP/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 GBP / 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 GBP Exchange Rates