ING Bank EUR to TRY Travel Money Compared

Currency Guide for Turkey (ISO Code: TR)

When planning a trip to Turkey for a week-long mid-range stay, travelers should budget approximately 1,500 to 2,000 Turkish Lira (TRY) per day, translating to around 10,500 to 14,000 TRY for the entire week. This amount can comfortably cover meals, sightseeing, transportation, and occasional shopping. Here’s a brief overview of typical daily expenses in Turkey: 🍽️ Meal at a local restaurant: 150-300 TRY, ☕ Coffee: 30-50 TRY, 🚍 Public transport fare: 20-30 TRY, 📶 Prepaid SIM card: 400-800 TRY, 🏨 Budget hotel or Airbnb: 800-1,200 TRY per night. Overall, Turkey offers relatively affordable travel experiences, making it cheaper than the United States and only slightly more expensive than visiting the UK. In comparison, costs in Turkey are generally lower regarding day-to-day expenses like food and transport, even if average hotel prices can sometimes rival the UK.

For expats in Turkey, maintaining a comfortable lifestyle typically requires a monthly budget ranging from 10,000 to 15,000 TRY, depending on individual circumstances and location. Key expenses include rent, utilities, groceries, and entertainment. When it comes to banking, using local banks for daily transactions is advisable, as they offer a variety of services tailored to residents. Cards are widely accepted, but carrying some cash is crucial for small purchases. For sending and receiving money internationally, online services like Wise or OFX provide competitive rates and lower fees compared to traditional banks, thus avoiding unfavorable forex rates typical of local exchanges. Generally, for the best value, it's often recommended to exchange a minimal amount of money locally, perhaps for immediate expenses, while relying more heavily on online services for larger transactions to facilitate a smooth financial experience in Turkey.