GBP to TRY mid-rate = 6.7528
Right now the GBP/TRY market mid-rate is 6.7528 and represents ideally how many Turkish Lira you can get for one British Pound Sterling.
You can calculate equivalent British Pound Sterling to Turkish Lira currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for GBP to TRY transfers or buying TRY travel money.
GBP / TRY Converter
6.7528 Turkish Lira
Compare how much you can save on
GBP/TRY exchange rates for:
| TRY Country Guides |
|---|
 Turkey |
British Pound Sterling to Turkish Lira (GBP-TRY) - 10 Year History
The below table shows the historic variation in the GBP/TRY exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of GBP versus other currencies : GBP historical charts.
| Date | Exchange Rate | Period | Change |
|---|---|---|---|
| 16 Dec 2018 | 6.7528 | Latest | |
| 09 Dec 2018 | 6.7709 | 1 Week | -0.27% |
| 16 Nov 2018 | 6.8463 | 1 Month | -1.37% |
| 19 Jun 2018 | 6.2505 | 6 Months | +8.04% |
| 16 Dec 2017 | 5.1453 | 1 Year | +31.24% |
| 16 Dec 2016 | 4.3766 | 2 Years | +54.29% |
| 17 Dec 2013 | 3.3127 | 5 Years | +103.85% |
| 18 Dec 2008 | 2.2797 | 10 Years | +196.21% |
Best Rates for GBP/TRY Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from GBP to TRY.
Compare GBP to TRY Foreign Transfers vs the Banks
| Foreign Transfer Providers | Amount TRY(₺) | Exchange Rate | Fee GBP | Total Cost | Transfer Services | Transfer Speed | Reviews | Deal Links |
|---|---|---|---|---|---|---|---|---|
 TorFX provide no fee transfers with good exchange rates and excellent customer service. More | 33,221 TRY Top Provider | 6.6442 | 0 | 1.61% | Bank Transfers - Online & Phone | 1-2 days |  | |
 OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More | 33,238 TRY ₺17 more | 6.6475 | £0^ | 1.56% | Bank Transfers - Online & Phone | 1-2 days | | |
Banks - Average Rate      Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More | 32,213 TRY ₺1,008 less | 6.4618 | 15 | 4.59% | Online, Branch, Bank Transfers | 2-3 days |
The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
Compare GBP to TRY Travel Money Exchange Rates vs the Banks
| Travel Money Providers | Amount TRY(₺) | Exchange Rate | Fee GBP | Total Cost | Currency Services | Delivery Speed | Reviews | Deal Links |
|---|---|---|---|---|---|---|---|---|
 | 6,470.8 TRY Top Provider | 6.4708 | 0 | 4.18% | Online order, Branch pickup, Home delivery | 2-3 days | | |
 Get great travel money rates from Travelex when you order online. More | 6,349 TRY ₺122 less | 6.349 | £0^ | 5.98% | Online order, Branch pickup, Home delivery | 2-3 days | | |
Banks - Average Rate Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More | 6,298 TRY ₺173 less | 6.3698 | £10 | 6.73% | Branch | - |
OrderWhy can't I just get the GBP/TRY market rate I see on Google or in the Media?
The GBP/TRY mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the GBP / TRY was traded (bought or sold) in the international markets.
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.
The closer your final exchange rate is to the market GBP/TRY midrate the better deal you are getting.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
The three things you need in order to get a good GBP to TRY exchange rate
- Know the latest GBP/TRY market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency news and forecasts for British Pound Sterling and Turkish Lira
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the GBP vs TRY, you should pay attention to both British Pound Sterling and Turkish Lira news and forecasts.
British Pound Sterling (GBP) - Market news and forecasts
10-December-18: UK politics was in a state of disarray in December and a no-deal Brexit was looking ever more likely. As a result, sterling struck a 20-month low against the dollar ($1.251) and a 3-1/2-month low against the euro (€1.1). Against each of its peers, sterling had been worth 17 percent more prior to the UK’s EU referendum in June 2016.
The Bank of England has predicted a shocking 25 percent loss in the pound’s value in the event of a “disorderly” no-deal Brexit, under which there will be serious border delays and a marked loss of confidence in Britain’s financial institutions.
In the more likely event of a milder, “disruptive” no-deal Brexit, under which goods face tariffs but flow somewhat easily, sterling still loses 15 percent, the BoE believes.
How likely is no-deal? It’s highly likely unless Prime Minister May achieves a time-limited backstop; British MPs will not accept much else. This will be difficult for May to achieve — EU negotiators have already said that their previous offer was the last and only offer — and little time remains, with Brexit scheduled for March-29.
Turkish Lira (TRY) - Market news and forecasts
10-December-2018: The lira stabilized in the fourth quarter, albeit at relatively low levels, thanks to tighter monetary policy at Turkey’s central bank. The lira experienced a full-on crisis mid-year.
Between January and August 13th, the lira lost nearly half its value (46 percent to be precise). On December 10th, at a rate of 5.325 to the US dollar, the lira’s loss for the year was down to 29 percent.
There are a host of reasons for the lira's weakness in 2018; these include high inflation, which remains above 20 percent, a deterioration in Washington-Ankara relations, threats to global trade from this year’s US-China trade tensions, and the strong dollar and firmer US yields, which make foreign loan repayments more expensive.
The lira will weaken to 5.75 per dollar by the end of 2019, a Commerzbank analyst said in December. A moderation in inflation will prompt a reduction in interest rates, the analyst believes, and this will not be viewed favourably by investors.
