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    Best GBP to TRY Exchange Rates Compared Live

    The best GBP to TRY exchange rate is 39.12. We compare conversion costs to this mid-market rate and other FX providers, find better rates & deals.

    Pound Sterling to Turkish lira (GBPTRY) rate guide contents:

    Compare GBP-TRY exchange rates

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (GBP) to Turkish lira (TRY) rates from different sources before making a conversion.

    This Sterling to Lira comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest GBP-TRY mid-rate and the possible savings of using another provider.

     

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    @bestfxrates : πŸ“ˆ #GBPTRY Update: Sterling stands at 39.01, up 3.5% from 3-mo avg, amidst UK political & monetary uncertainty. Lira weakness persists, near all-time lows vs USD. Volatility expected, with eyes on BoE moves & Turkey's economic responses. Stay tuned for more. #Forex #CurrencyWatch

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    GBP to TRY Market Data

    Pound Sterling (GBP) to Turkish lira (TRY) market data - latest interbank mid-rate, trend, chart & historic rates.

     
    1 GBP =
    39.12We compare provider deals to this wholesale mid-market rate. Read more
    TRY
    +0.4%
    πŸ“ˆ3M
    GBP to TRY is at 90-day highs near 39.19, 3.8% above its 3-month average of 37.74, having traded in a fairly volatile 8.5% range from 36.13 to 39.19
    |
    Sell GBP   β†’   Buy TRY
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    DateGBP/TRYChangePeriod
    07 Feb 2024
    38.63
    1.4% β–²2 Week
    23 Nov 2023
    36.15
    8.4% β–²3 Month
    21 Feb 2023
    22.85
    71.5% β–²1 Year
    22 Feb 2019
    6.9425
    464.4% β–²5 Year
    23 Feb 2014
    3.6233
    981.3% β–²10 Year
    26 Feb 2004
    2.4741
    1483.6% β–²20 Year
    GBP/TRY historic rates & change to 21-Feb-2024

    Forecasts for GBP to TRY

     

    Based on recent exchange rate analyst forecasts and market updates, the GBP to TRY exchange rate is currently at 39.01, which is 3.5% above its 3-month average of 37.7, having displayed a relatively volatile 8.3% range from 36.05 to 39.03. The Pound (GBP) has been experiencing fluctuations due to uncertainties surrounding the Bank of England's monetary policy decisions and the upcoming UK general election in 2024. Despite optimistic trade providing some support to GBP, comments from BoE Governor Andrew Bailey on interest rate cuts have added to the wobbliness of the British currency.

    Read our full review of recent GBP to TRY forecasts.

     

    How to get a good GBP to TRY exchange rate

    There are several ways to save on exchange rates when converting Pound Sterling to Turkish lira:

    1. Shop around for the best GBP/TRY exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the GBP/TRY rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and TRY at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying Turkish lira with Pound Sterling, then it's better for the GBP/TRY exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

    It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

    Will the Pound Sterling rise against the Turkish lira?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add GBP/TRY to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; UpπŸ“ˆ or DownπŸ“‰ trends over periods from 1 week (1W) to 3 months (3M).

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


     

    Read our Currency guide to Turkey - a practical currency and money guide to travel, living and doing business in Turkey with the Turkish lira.

     
     
     

    Country Currency Guides

    United KingdomUnited Kingdom (GBP)TurkeyTurkey (TRY)
     

    What prime property does $US1m buy in Istanbul?

    The area (㎡) of prime property that $US1million buys in Turkey's capital city Istanbul in Q1 2018 is 110㎡.

    This is compared to equivalent areas for Hong Kong 22㎡, London 27㎡, Singapore 37㎡, Paris 45㎡, Shanghai 50㎡, Tokyo 70㎡, Berlin 74㎡, Mumbai 94㎡, Dubai 138㎡ and San Paulo 172㎡.

    Read more at our Turkey (TRY) country guide

       
     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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