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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.
British pound (GBP) to Turkish lira (TRY) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: The outlook for GBP/TRY is bullish-to-range-bound, as it is currently above the 90-day average and in the upper half of the 3-month range.
Bias: range-bound, as the current GBP/USD is near the 90-day average and sits in the middle of the 3-month range.
Bias: The outlook for USD/TRY is bullish-to-range-bound, as it is trading above the 90-day average and in the upper half of the 3-month range.
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Turkish lira across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
*Converted at the current GBP-TRY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best GBP to TRY exchange rate is 57.64 from OFX . This is -0.5% compared to the mid-market rate 57.93.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Turkish lira (TRY) rates from different sources before making a conversion.
The above Sterling 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 GBP-TRY mid-rate and the possible savings of using various providers.
Looking at the full GBP to TRY - Send Money comparison table the provider with the best GBP to TRY exchange rate is OFX at 57.64, -0.5% from the latest mid-market rate 57.93.
The next best is XE at 57.58, -0.6% from the mid-rate.
Then Wise at 57.4, which is -0.91% from the mid-rate.
The Western Union rate is 57.35 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 52.84 at -8.8% the Royal Bank of Scotland rate is 53.19 at -8.2% and the Barclays Bank rate is 53.52 at -7.6% compared to the mid-rate 57.93.
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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