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GBP to TRY - Rate Guide

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.

 

GBP/TRY update & alerts

1 GBP = 7.5881 TRY

Sell GBP - Buy TRY  Invert

GBP to TRY - Trading Range (90 Day)
ALERTS: 4-DAY ▲ 2.3% 🔔 | 90-DAY HIGHS 🔔 |
90-DAY TREND: At 7.6034 GBP/TRY is trading 4.4% above the average 7.2815 with a range 6.9217 to 7.6042. ALERTS: GBP/TRY is UP 2.3% this 4-DAY period and has also risen to 90-DAY HIGHS.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

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GBP/TRY Exchange Rates and Providers Compared

This guide to the British Pound Sterling to Turkish Lira exchange rate with 90-day chart & alerts, historic rates, forecasts and GBP to TRY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our GBP/TRY Quick Calculator.

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.

 
  

GBP to TRY International Money Transfers

  

Foreign Transfer ProvidersReceive TRY(₺)Exchange RateFee GBPTotal CostDeal Links
TorFX logo
36,687
Best Overall
7.337403.31%
OFX logo
36,724
₺37 more
7.3448£0^3.21%
WorldFirst logo
37,751
₺1,064 more
7.550200.5%
HSBC logo
35,952
₺735 less
7.2013£7.55.24%
Natwest Bank logo
35,752
₺935 less
7.1719155.77%
Citibank International Money Transfers
Citibank logo
35,590
₺1,097 less
7.1351126.2%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
35,584
₺1,103 less
7.1381156.21%
Santander International Money Transfers
Santander logo
35,386
₺1,301 less
7.1057206.73%
Lloyds TSB logo
35,240
₺1,447 less
7.0763207.12%
 

TorFX logo

TorFX: Foreign Transfer GBP→TRY
From Amount (GBP)£5,000
Fee:
Exchange Rate:7.3374 (3.3% from mid-rate)
To Amount (TRY)36,687
Total Cost:3.31%
Time:6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

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:7.3448 (3.21% from mid-rate)
To Amount (TRY)36,724
Total Cost:3.21%
Difference:
₺37 TRY more than using TorFX
Time:
Rate Fetched: Sat Dec 07 2019 05:08:42 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

WorldFirst logo

WorldFirst: Foreign Transfer GBP→TRY
From Amount (GBP)£5,000
Fee:
Exchange Rate:7.5502 (0.5% from mid-rate)
To Amount (TRY)37,751
Total Cost:0.5%
Difference:
₺1,064 TRY more than using TorFX
Time:6:03 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:7.2013 (5.1% from mid-rate)
To Amount (TRY)35,952
Total Cost:5.24%
Difference:
₺735 TRY less than using TorFX
Time:6:03 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:7.1719 (5.48% from mid-rate)
To Amount (TRY)35,752
Total Cost:5.77%
Difference:
₺935 TRY less than using TorFX
Time:6:03 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:7.1351 (5.97% from mid-rate)
To Amount (TRY)35,590
Total Cost:6.2%
Difference:
₺1,097 TRY less than using TorFX
Time:6:03 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:7.0836 (6.65% from mid-rate)
To Amount (TRY)35,584
Total Cost:6.21%
Difference:
₺1,103 TRY less than using TorFX
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:7.1057 (6.36% from mid-rate)
To Amount (TRY)35,386
Total Cost:6.73%
Difference:
₺1,301 TRY less than using TorFX
Time:6:03 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:7.0763 (6.74% from mid-rate)
To Amount (TRY)35,240
Total Cost:7.12%
Difference:
₺1,447 TRY less than using TorFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - 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
7,271.3
Best Overall
7.271304.17%
Citibank Foreign Currency
Citibank logo
7,140.57
₺131 less
7.2127£105.9%
Travelex Online UK logo
7,095.4
₺176 less
7.0954£0^6.49%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
7,077
₺194 less
7.1578£106.73%
Lloyds TSB logo
7,068.11
₺203 less
7.1395£106.85%
Santander Foreign Currency
Santander logo
7,068.11
₺203 less
7.1395£106.85%
Natwest Bank logo
7,032.41
₺239 less
7.1395£157.32%
 

Post Office Money logo

Post Office Money: Travel Money GBP→TRY
From Amount (GBP)£1,000
Fee:0
Exchange Rate:7.2713 (4.17% from mid-rate)
To Amount (TRY)7,271.3
Total Cost:4.17%
Time:6:03 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:7.2127 (4.95% from mid-rate)
To Amount (TRY)7,140.57
Total Cost:5.9%
Time:6:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /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:7.0954 (6.49% from mid-rate)
To Amount (TRY)7,095.4
Total Cost:6.49%
Time:
Rate Fetched: Sat Dec 07 2019 06:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→TRY
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:7.1395 (5.91% from mid-rate)
To Amount (TRY)7,077
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:7.1395 (5.91% from mid-rate)
To Amount (TRY)7,068.11
Total Cost:6.85%
Time:6:03 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:7.1395 (5.91% from mid-rate)
To Amount (TRY)7,068.11
Total Cost:6.85%
Time:6:03 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:7.1395 (5.91% from mid-rate)
To Amount (TRY)7,032.41
Total Cost:7.32%
Time:6:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

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)

Sterling has climbed more than 5 per cent in October since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. Currency strategists predict that gains in the pound would remain limited for now while parties prepared their election campaigns.

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.

Earlier in the year the pound was the worst-performing major currency by some margin. 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.

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