The comparison table above helps you see the total cost of your Wise 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’.
Wise - GBP Rate Margin Analysis
The average GBP rate margin offered by Wise is 0.84%.
This average is based on individual GBP 10K transfer rates in the currency pairs from Wise that we monitor.
Wise - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by Wise for British pound (GBP 10K)
transactions. Margins show the percentage difference from the mid-market rate.
Bias: The forecast for USD/TRY is bullish-to-range-bound, as the current level is above the 90-day average and within the upper half of the 3-month range.
GBP/TRY update: Bullish bias as GBP trades above the 90-day avg. Key drivers: 1) BOE's cautious stance vs Turkey's rate cuts; 2) Oil price volatility impacting TRY; 3) Demand for safer currencies amidst geopolitical risks. Range expected to hold, watch for inflation data. #Forex
@bestfxrates
GBP to TRY Conversion: What Is Your Money Worth?
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 * :
What is the
Wise Send Money conversion rate for GBP to TRY?
The Wise GBP to TRY exchange rate is 57.56. This is -0.9% compared to the latest GBP-TRY mid-market rate 58.08.
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
Wise - Sterling to Lira comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Wise and other foreign exchange providers against the latest GBP-TRY mid-rate and the possible savings of using various providers.
How do Wise GBP-TRY rates compare between 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 57.79, -0.5% from the latest mid-market rate 58.08.
The next best is XE at 57.74, -0.59% from the mid-rate.
Then Wise at 57.56, which is -0.9% 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
like Wise or platforms that offer rates closer to the mid-market rate.