Buy Turkish Lira (TRY) at the best exchange rate

Most providers in the UK will quote the rate of exchange as a rate directly from the interbank rate or real exchange rate, therefore it will be displayed as £1 gets you x Turkish Lira. Therefore the higher the exchange rate, the more Turkish lira that you will receive.

Not only can they it work out more expensive, but most providers on the high street including bureau de change and airport operators do not always stock Turkish Lira in branch so its always sensible to obtain the best pound to lira rate with the lowest fees by ordering your travel money online.

Always check with your provider that they are giving you the best value. The Currency Club charges a lower fee with the more that you order.

Most providers include their margin within the rate of exchange. We think that at the point you transact, where you do not have reference to the interbank exchange rate can lead to significant variation within these margins being offered when buying currency. The Currency Club will always provide you with access to the real interbank exchange rate when you buy Turkish Lira and we show our offered exchange rate clearly so you can make an informed decision and compare accordingly.

The Turkish lira is the currency of Turkey and the independent state of the Turkish Republic of Northern Cyprus. In 1926, the Ministry of Finance introduced notes for the Republic of Turkey in denominations of 1, 5, 10, 50, 100, 500 and 1000 lira. These were the last notes printed with both French and Turkish text on them.

Turkish Lira Notes: 5, 10, 20, 50, 100 and 200

You can order up to £7500 worth of Turkish Lira but providers generally do not set a maximum limit. Any amount above £7500 would be delivered in separate packages on following days.

Like they say never say never, but online operators will always have lower overheads than the high street. Always make sure you compare the pound lira exchange rates wherever you decide to purchase your Turkish Lira as many providers will charge commission or hide their fees within the rate of exchange. The Currency Club will always give you the real exchange rate with our small fee shown separately.

Over the past few years, the GBP/TRY movements have been all the more significant due to ongoing political and economic conditions in Turkey. It was not too long ago in 2018 when Turkey's currency and debt crisis began. The Turkish lira plunged in value as the economy suffered from high inflation and rising costs of borrowing due to loan defaults. From the 1st February 2018 to the 1st August 2018, the pound to Turkish lira rate had fallen by as much as 71% over the period with highs hitting above 9 Turkish lira to the pound!

Although many companies provide forecasts and predictions, nobody knows the perfect time to buy the Turkish Lira. Many thought the best time was going to be in 2018 when the financial crisis was at its peak, but soon enough, the Covid Pandemic has hit the planet, and we are rising above the dizzy highs of where were before at the worst point in 2018. When it comes to travel, Turkey may be one of the best value destinations to visit in 2021. Only time will tell.