Travelex - GBP Rate Margin Analysis
The average GBP rate margin offered by Travelex is 5.5%.
This average is based on individual GBP 10K transfer rates in the currency pairs from Travelex that we monitor.
Travelex - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by Travelex for British pound (GBP 10K)
transactions. Margins show the percentage difference from the mid-market rate.
Travelex Best Value Rates (Lowest Margins)
| Currency Pair |
Travelex Rate |
Mid Market Rate |
Margin |
|
GBP/EUR
|
1.1073 |
1.1351 |
2.5% |
|
GBP/EUR
|
1.1073 |
1.1351 |
2.5% |
|
GBP/EUR
|
1.1073 |
1.1351 |
2.5% |
|
GBP/USD
|
1.2725 |
1.3063 |
2.6% |
|
GBP/USD
|
1.2725 |
1.3063 |
2.6% |
Travelex Worst Value Rates (Highest Margins)
| Currency Pair |
Travelex Rate |
Mid Market Rate |
Margin |
|
GBP/TRY
|
49.14 |
55.01 |
10.7% |
|
GBP/TRY
|
49.14 |
55.01 |
10.7% |
|
GBP/TRY
|
49.14 |
55.01 |
10.7% |
|
GBP/VND
|
30,939.49 |
34,384.24 |
10.0% |
|
GBP/BRL
|
6.3766 |
7.0014 |
8.9% |
What is the
best Send Money conversion rate for GBP to TRY?
The best GBP to TRY exchange rate is 55.09 from Wise. This is -0.25% compared to the mid-market rate 55.23.
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
Travelex Online - Sterling to Lira comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Travelex Online and other foreign exchange providers against the latest GBP-TRY mid-rate and the possible savings of using various providers.
How do Travelex Online 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 Wise at 55.09, -0.25% from the latest mid-market rate 55.23.
The next best is OFX at 55.07, -0.29% from the mid-rate.
Then XE at 54.9, which is -0.6% from the mid-rate.
The Western Union rate is 54.68 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 52.94 at -4.1% the Royal Bank of Scotland rate is 53.27 at -3.5% and the Barclays Bank rate is 52.63 at -4.7% compared to the mid-rate 55.23.
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 Travelex Online or platforms that offer rates closer to the mid-market rate.