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Best Exchange Rates

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Compare USD to TRY foreign transfers

Use our comparison table to find the best exchange rates for Turkish Lira foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$USD
₺TRY

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive TRY(₺)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
51,887 TRY
Best Overall
5.18870^1.68%Bank Transfers - Online & Phone1-2 days
Wells Fargo Bank logo
50,808 TRY
₺1,079 less
5.09183.72%Online, Branch, Bank Transfers2-3 days
HSBC logo
50,772 TRY
₺1,115 less
5.0848$153.79%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
50,463 TRY
₺1,424 less
5.0758154.37%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
50,135 TRY
₺1,752 less
5.0641$1005%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
50,135 TRY
₺1,752 less
5.0641$1005%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→TRY
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:5.1887 (1.68% from mid-rate)
TRY amount:51,887 TRY
Total Cost:1.68%
Time:
Rate Fetched: Sun Feb 17 2019 22:04:15 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→TRY
USD amount:$10,000 USD
Fee:18
Exchange Rate:5.0900 (3.55% from mid-rate)
TRY amount:50,808 TRY
Total Cost:3.72%
Difference:
₺1,079 less than using OFX
Time:0:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→TRY
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:5.0848 (3.64% from mid-rate)
TRY amount:50,772 TRY
Total Cost:3.79%
Difference:
₺1,115 less than using OFX
Time:0:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→TRY
USD amount:$10,000 USD
Fee:15
Exchange Rate:5.0537 (4.23% from mid-rate)
TRY amount:50,463 TRY
Total Cost:4.37%
Difference:
₺1,424 less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of America: Foreign Transfer USD→TRY
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:5.0641 (4.04% from mid-rate)
TRY amount:50,135 TRY
Total Cost:5%
Difference:
₺1,752 less than using OFX
Time:0:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→TRY
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:5.0641 (4.04% from mid-rate)
TRY amount:50,135 TRY
Total Cost:5%
Difference:
₺1,752 less than using OFX
Time:0:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/18/2019

1 USD = 5.2767 TRY

This is the current USD-TRY mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market USD-TRY exchange rate.

3 Month Chart
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Currency news and forecasts for United States Dollar 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 USD vs TRY, you should pay attention to both United States Dollar and Turkish Lira news and forecasts.

United States Dollar (USD) - Market news and forecasts

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

Turkish Lira (TRY) - Market news and forecasts

12-February-2019: The lira has been remarkably stable since December, having floated between 5.15 and 5.55 per dollar, with a few brief exceptions.

Though the lira is considerably stronger than its August ’18 extreme, it is still worth nearly 30 percent less than it was a year ago. In mid-2018, the lira weakened beyond 7 to the dollar (a record low), shocking investors.

From here on in, the lira stands to appreciate, or will at least be among the best performing emerging market currencies of 2019, says an analyst at ING. The analyst said in February that the lira was “the most undervalued in the whole emerging market space.”

With the US Federal Reserve now likely to slow the pace of its interest rate hikes, or stop them, the dollar is forecast to weaken, and emerging market currencies typically gain value in such conditions because their respective governments usually hold high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheaper.

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