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GBP to TRY - Exchange Rates Guide

Pound Sterling to Turkish Lira exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

What's in this GBP to TRY guide?

  1. GBPTRY latest rate, charts & alerts
  2. Quick conversion amounts
  3. Comparing retail exchange rates
  4. Foreign transfer rates
  5. Travel money rates
  6. Market news & forecasts
  7. How to get best rates
  8. Historic rates
 

GBP/TRY exchange rate (wholesale):

1 GBP = 8.5617 TRY

Sell GBP / Buy TRY 

 
GBP to TRY chart and trends
14-DAY-HI 4-DAY▲1.6% (2d)
GBP/TRY at 8.561 was trading 1.2% above AVG:8.4587 with LO:7.5581 and HI:8.8855 (90 days). There are no current rate alerts.

Pound Sterling to Turkish Lira - Quick Conversions

GBP TRY
£ 1 ₺ 8.5617
£ 5 ₺ 42.81
£ 10 ₺ 85.62
£ 20 ₺ 171.23
£ 50 ₺ 428.09
£ 100 ₺ 856.17
£ 250 ₺ 2,140
£ 500 ₺ 4,281
£ 1,000 ₺ 8,562
£ 2,000 ₺ 17,123
£ 5,000 ₺ 42,809
£ 10,000 ₺ 85,617
£ 50,000 ₺ 428,085
£ 100,000 ₺ 856,170
More amounts
GBP TRY
£ 0.1168 ₺ 1
£ 0.5840 ₺ 5
£ 1.1680 ₺ 10
£ 2.3360 ₺ 20
£ 5.8400 ₺ 50
£ 11.68 ₺ 100
£ 29.20 ₺ 250
£ 58.40 ₺ 500
£ 116.80 ₺ 1,000
£ 233.60 ₺ 2,000
£ 584.00 ₺ 5,000
£ 1,168 ₺ 10,000
£ 5,840 ₺ 50,000
£ 11,680 ₺ 100,000
More amounts

To calculate other GBP/TRY amounts try our home-page Convert GBP to TRY quick converter.

Comparing Retail Exchange Rates

The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
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Turkish Lira (TRY) Country Guides

TurkeyTurkey (TRY)

Pound Sterling and Turkish Lira Forecasts

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)

GBP will rise to 1.25 against the euro according to Standard Bank. The coronavirus pandemic has replaced Brexit in the headlines and means that the deadline for a trade deal with the Eurozone this year could either be pushed back, delaying a risk for the currency, or see more favorable terms given to the U.K.

This is a remarkable change of fortunes for GBP which was sold-off after the Brexit vote and again after the virus forced a lockdown in London, the world’s largest foreign-exchange centre. Against the dollar, sterling touched the lowest level in 35 years in March as traders sought the safety of the USD.

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 always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Pound Sterling vs Turkish Lira current value is to look the GBP/TRY historic rate and change over a range of periods.

The following table looks at the change in the GBP to TRY exchange rate over periods from the previous week back to the last 10 years.

GBP/TRY historic rateChange to 03-JulPeriod
8.4544  26 Jun 20201.3% ▲1 Week
8.4608  03 Jun 20201.3% ▲30 Days
8.2586  04 Apr 20203.7% ▲90 Days
7.0464  04 Jul 201921.6% ▲1 Year
4.2112  05 Jul 2015103.4% ▲5 Years
2.3594  06 Jul 2010263.1% ▲10 Years
GBP/TRY 10 year historic rates & changes to 03-Jul-2020 : 8.5672
 

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 BER.me FX Alerts