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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Sending money to Turkey can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Turkey bank accounts or pay a Turkish lira invoice.
US dollar (USD) to Turkish lira (TRY) market data - latest interbank exchange rate, trend, chart & historic rates.
USD/TRY Outlook: Bullish, as the rate is above its recent average and near recent highs with solid support from U.
USD/EUR Outlook: Bearish, as the rate is below its recent average and near recent lows, pressured by current developments.
USD/JPY Outlook: Slightly positive, but likely to move sideways as the rate is hovering above its recent average, while lacking a clear driver for movement.
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Turkish lira across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
*Converted at the current USD-TRY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best USD to TRY exchange rate is 43.39 from OFX . This is -0.5% compared to the mid-market rate 43.61.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Turkish lira (TRY) rates from different sources before making a conversion.
The above Dollar to Lira comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-TRY mid-rate and the possible savings of using various providers.
Looking at the full USD to TRY - Send Money comparison table the provider with the best USD to TRY exchange rate is OFX at 43.39, -0.5% from the latest mid-market rate 43.61.
The next best is XE at 43.35, -0.6% from the mid-rate.
Then Western Union at 42.96, which is -1.5% from the mid-rate.
Among the banks the Chase Bank rate is 38.44 at -11.9% the Wells Fargo Bank rate is 38.18 at -12.5% and the Citibank rate is 40.18 at -7.9% compared to the mid-rate 43.61.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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