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Citibank GBP to TRY Business Transfers Compared

GBP-TRY Rate Calculator

 
 
   
   
   
   
   
 

Compare Citibank Exchange Rates & Fees - Save Time & Money

 

Our Citibank GBP 10000 to TRY Business rate is 54.17. This is -12.9% below the mid-rate.

Citibank Money Transfer

Citibank's exchange rates for wire transfers are generally competitive and transparent, which makes it a good choice for customers who need to send or receive money internationally. However, it's always a good idea to compare rates and fees across different banks and financial institutions to ensure you're getting the best deal possible.

FX Order Watch: Citibank's FX Order Watch allows customers to set their own exchange rates and automatically execute foreign exchange transactions when the desired exchange rate is reached.

When you get a quote for your Citibank Wire Transfer from their website or in-app, you will see the Citibank exchange rate, but it can be difficult to then calculate how much mark-up you are being charged.

While all banks charge this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.

How do Citibank international wire exchange rates compare?

Sending or receiving international transfers to or from your Citibank bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).

 
 
   

What is the Citibank Business Send Money conversion rate for GBP to TRY?

The Citibank GBP to TRY business exchange rate is 54.17. This is -12.9% compared to the latest GBP-TRY mid-market rate 62.20.

As Business 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 Citibank - Business Sterling to Lira comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Citibank and other foreign exchange providers against the latest GBP-TRY mid-rate and the possible savings of using various providers. 

How do Citibank GBP-TRY rates compare between providers?

Looking at the full GBP to TRY - Send Money comparison table the provider with the best Business GBP to TRY exchange rate is OFX at 61.89, -0.5% from the latest mid-market rate 62.20.

The next best is XE at 61.83, -0.59% from the mid-rate.

Then Wise at 61.64, which is -0.9% from the mid-rate.

The Western Union rate is 61.27 which is -1.5% from the mid-rate.

Among the banks the Lloyds Bank rate is 52.68 at -15.3% the Royal Bank of Scotland rate is 53.05 at -14.7% and the Barclays Bank rate is 53.37 at -14.2% compared to the mid-rate 62.20.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Citibank 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.

 

View a full list of exchange rates by selecting your Base (from) currency: