The live mid-rate GBP to TRY exchange rate is 43.79. Compare currency conversion rates - Reduce FX costs.
The best GBP to TRY exchange rate is our partner deal rate of 43.57 from OFX . This is -0.5% compared to the mid-market rate 43.79.
The standard OFX GBP-TRY rate is 42.9892, -1.8% from the mid-rate. Visit OFX here to secure the better rate.
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.
Looking at our comparison table the best GBP to TRY exchange rate is 43.57 from OFX, -0.5% from the mid-market rate 43.79. The next best rate is 43.53 from XE, -0.59% from the mid-rate. Wise with 43.48 is -0.71% from the mid-rate.
The Western Union rate is 43.35 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 41.33 at -5.6%, the Royal Bank of Scotland rate is 41.59 at -5%, and the Barclays Bank rate is 42.26 at -3.5% from the mid-rate.
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.
The Sterling to Lira comparison table above 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 (see Market Data below ) and the possible savings of using various providers.
British pound (GBP) to Turkish lira (TRY) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/TRY | Change | Period |
|---|---|---|---|
07 Jan 2025 | 44.09 | 0.7% ▼ | 2 Week |
23 Oct 2024 | 44.27 | 1.1% ▼ | 3 Month |
22 Jan 2024 | 38.46 | 13.9% ▲ | 1 Year |
23 Jan 2020 | 7.7797 | 463% ▲ | 5 Year |
24 Jan 2015 | 3.5196 | 1144.5% ▲ | 10 Year |
26 Jan 2005 | 2.5029 | 1650% ▲ | 20 Year |
Here are some popular conversion amounts for GBP to TRY (British pound to Turkish lira)*.
*Converted at the current GBPTRY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent updates indicate that the GBP to TRY exchange rate is facing distinct pressures influenced by economic developments in both the UK and Turkey. The Pound (GBP) experienced a setback following disappointing UK GDP data, which showed a meager growth of 0.1% against expectations of 0.2%. FX analysts are closely monitoring retail sales figures due to be released, as stronger consumer spending could provide the GBP with some respite and help it regain momentum. However, the ongoing volatility of the GBP, particularly against the U.S. dollar, continues to signal uncertainty in the marketplace, largely due to post-Brexit negotiations and their economic implications.
Read our full review of recent GBP to TRY forecasts.
There are several ways to save on exchange rates when converting British pound to Turkish lira:
Generally speaking, if you are buying Turkish lira with British pound, 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.
Read our Currency guide to Turkey - a practical currency and money guide to travel, living and doing business in Turkey with the Turkish lira.
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.
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.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United Kingdom (GBP) | Turkey (TRY) |
Living and conducting business in Turkey offer unique opportunities and challenges, particularly concerning currency matters.
Expatriate Life in Turkey:
Conducting Business in Turkey:
Recommendations:
In summary, while Turkey presents appealing opportunities for expatriates and businesses, it's imperative to proactively manage currency-related challenges to ensure financial stability and operational success.
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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