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Compare GBP to TRY foreign transfers

Save with best rates & low fees on Turkish Lira foreign transfers versus the Banks

 

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Compare GBP to TRY Foreign Transfers vs the Banks

Foreign Transfer ProvidersAmount TRY(₺)Exchange RateFee GBPTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
TorFX logo
33,221 TRY
Top Provider
6.644201.61%Bank Transfers - Online & Phone1-2 days
 
OFX logo
33,238 TRY
₺17 more
6.6475£0^1.56%Bank Transfers - Online & Phone1-2 days
 
HSBC logo
32,540 TRY
₺681 less
6.5177£7.53.63%Online, Branch, Bank Transfers2-3 days
Natwest Bank logo
32,358 TRY
₺863 less
6.4911154.16%Online, Branch, Bank Transfers2-3 days
 
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
32,213 TRY
₺1,008 less
6.4618154.59%Online, Branch, Bank Transfers2-3 days
Citibank
Citibank logo
32,212 TRY
₺1,009 less
6.4578124.6%Online, Branch, Bank Transfers2-3 days
Santander logo
32,027 TRY
₺1,194 less
6.4311205.14%Online, Branch, Bank Transfers2-3 days
 
Lloyds TSB logo
31,928 TRY
₺1,293 less
6.4112205.44%Online, Branch, Bank Transfers2-3 days
 
TorFX: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:
Exchange Rate:6.6442 (1.61% from mid-rate)
TRY amount:33,221 TRY
Total Cost:1.61%
Time:18:13 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:6.6475 (1.56% from mid-rate)
TRY amount:33,238 TRY
Total Cost:1.56%
Difference:
₺17 more than using TorFX
Time:
Rate Fetched: Sun Dec 16 2018 16:11:12 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
HSBC: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:6.5177 (3.48% from mid-rate)
TRY amount:32,540 TRY
Total Cost:3.63%
Difference:
₺681 less than using TorFX
Time:18:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Natwest Bank: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:6.4911 (3.88% from mid-rate)
TRY amount:32,358 TRY
Total Cost:4.16%
Difference:
₺863 less than using TorFX
Time:18:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo

Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:6.4112 (5.06% from mid-rate)
TRY amount:32,213 TRY
Total Cost:4.59%
Difference:
₺1,008 less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Citibank: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:6.4578 (4.37% from mid-rate)
TRY amount:32,212 TRY
Total Cost:4.6%
Difference:
₺1,009 less than using TorFX
Time:18:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Santander: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:6.4311 (4.76% from mid-rate)
TRY amount:32,027 TRY
Total Cost:5.14%
Difference:
₺1,194 less than using TorFX
Time:18:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
Lloyds TSB: Foreign Transfer GBP→TRY
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:6.4112 (5.06% from mid-rate)
TRY amount:31,928 TRY
Total Cost:5.44%
Difference:
₺1,293 less than using TorFX
Time:18:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/16/2018.
Total Cost = Fee + exchange rate margin vs GBP/TRY mid-rate: 6.7528

This calculator compares exchange rates for GBP to TRY international money transfers. You can also compare GBP to TRY travel money rates or use our quick and easy GBP to TRY currency converter instead.

Currency news and forecasts for British Pound Sterling and Turkish Lira

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison 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.