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    Best GBP to TRY Exchange Rates Compared Live

    The best GBP to TRY exchange rate is 40.50. Compare foreign transfer and currency exchange rates, find better rates & deals.

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    Comparing 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.

    The above 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 (see below) and the possible savings of using another provider.

     
    @bestfxrates : 📈 GBP to TRY rate stands at ~40.48, a 2.3% rise over the 3-month avg. Amid UK's inflation & BoE rate cut speculations, GBP shows resilience. Yet, HSBC & RBC foresee GBP drops vs USD in H2. With TRY at record lows post-Erdogan's policies, expect continued GBP/TRY volatility. #ForexUpdate #GBPTRY

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    GBP to TRY Market Data

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

     
    1 GBP =
    40.50We compare provider deals to this wholesale mid-market rate. Read more
    TRY
    +0.1%
    GBP to TRY at 40.41 is 1.8% above its 3-month average of 39.69, having traded in a fairly volatile 8.9% range from 38.02 to 41.40
    |
    Sell GBP   →   Buy TRY
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    DateGBP/TRYChangePeriod
    02 Apr 2024
    40.31
    0.2% 2 Week
    17 Jan 2024
    38.21
    5.8% 3 Month
    17 Apr 2023
    23.99
    68.4% 1 Year
    18 Apr 2019
    7.5605
    434.5% 5 Year
    19 Apr 2014
    3.5761
    1030% 10 Year
    21 Apr 2004
    2.4501
    1549.3% 20 Year
    GBP/TRY historic rates & change to 16-Apr-2024
     

    What are equivalent amounts of GBP and TRY?

    Here are some popular conversion amounts for GBP to TRY (Pound Sterling to Turkish lira)*.

    GBP TRY
    £ 1 40.50
    £ 5 202.50
    £ 10 405.00
    £ 20 810.00
    £ 50 2,025
    £ 100 4,050
    £ 250 10,125
    £ 500 20,250
    £ 1,000 40,500
    £ 2,000 81,000
    £ 5,000 202,500
    £ 10,000 405,000
    £ 20,000 810,000
    £ 50,000 2,025,000
    £ 100,000 4,050,000
    GBP TRY
    £ 0.0247 ₺ 1
    £ 0.1235 ₺ 5
    £ 0.2469 ₺ 10
    £ 0.4939 ₺ 20
    £ 1.2347 ₺ 50
    £ 2.4694 ₺ 100
    £ 6.1735 ₺ 250
    £ 12.35 ₺ 500
    £ 24.69 ₺ 1,000
    £ 49.39 ₺ 2,000
    £ 123.47 ₺ 5,000
    £ 246.94 ₺ 10,000
    £ 493.88 ₺ 20,000
    £ 1,235 ₺ 50,000
    £ 2,469 ₺ 100,000

    More amounts

    *Converted at the current GBPTRY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

     
     

    Forecasts for GBP to TRY

     

    Based on recent forecasts and market updates, it appears that the GBP to TRY exchange rate is facing significant volatility and challenges. The British pound (GBP) is currently finding support amid market uncertainty, with analysts suggesting that the pound may struggle to establish a clear trajectory due to limited economic data and ongoing Brexit-related uncertainties. HSBC expects the pound to weaken to $US1.20 in the second half of the year, while RBC forecasts sterling falling towards $US1.15 in the same period. The combination of political uncertainty in the UK and the risk of a stagflationary environment is seen as negative for the pound, potentially leading to further downside pressure on the 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; Up📈 or Down📉 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.

     
     
     

    Currency Country 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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