The live mid-rate GBP to TRY exchange rate is 51.18. Compare currency conversion rates - Reduce FX costs.
The best GBP to TRY exchange rate is our partner deal rate of 50.92 from OFX . This is -0.51% compared to the mid-market rate 51.18.
The standard OFX GBP-TRY rate is 50.191, -1.9% from the mid-rate. Visit OFX here to secure the better rate.
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.
Looking at our comparison table the best GBP to TRY exchange rate is 50.92 from OFX, -0.51% from the mid-market rate 51.18. The next best rate is 50.87 from XE, -0.61% from the mid-rate. Then Wise with 50.82 is -0.7% from the mid-rate.
The Western Union rate is 50.67 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 48.25 at -5.7%, the Royal Bank of Scotland rate is 48.55 at -5.1%, and the Barclays Bank rate is 49.39 at -3.5% compared to the mid-rate 51.18.
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 or platforms that offer rates closer to the mid-market rate.
The Sterling to Lira comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-TRY mid-rate (see Market Data below ) and the possible savings of using various providers.
British pound (GBP) to Turkish lira (TRY) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/TRY | Change | Period |
|---|---|---|---|
18 Apr 2025 | 50.44 | 1.8% ▲ | 2 Week |
01 Feb 2025 | 44.29 | 15.9% ▲ | 3 Month |
02 May 2024 | 40.64 | 26.3% ▲ | 1 Year |
03 May 2020 | 8.7447 | 487% ▲ | 5 Year |
05 May 2015 | 4.1065 | 1150% ▲ | 10 Year |
07 May 2005 | 2.5578 | 1906.8% ▲ | 20 Year |
Here are some popular conversion amounts for GBP to TRY (British pound to Turkish lira)*.
*Converted at the current GBPTRY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts for the GBP to TRY exchange rate indicate a complex interplay of geopolitical tensions and domestic issues affecting both currencies. The British pound (GBP) has been trading in a mostly sideways range, particularly influenced by local elections in the UK, which have raised investor concerns about the political stability of the nation. Market analysts note that the absence of significant economic data may contribute to a lack of clear direction for the pound in the short term.
Read our full review of recent GBP to TRY forecasts.
There are several ways to save on exchange rates when converting British pound to Turkish lira:
Generally speaking, if you are buying Turkish lira with British pound, then it's better for the GBP/TRY exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Turkey — a practical currency and money guide to travel in Turkey plus living and doing business with the Turkish lira.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add GBP/TRY to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United Kingdom (GBP) | Turkey (TRY) |
Living and conducting business in Turkey offer unique opportunities and challenges, particularly concerning currency matters.
Expatriate Life in Turkey:
Conducting Business in Turkey:
Recommendations:
In summary, while Turkey presents appealing opportunities for expatriates and businesses, it's imperative to proactively manage currency-related challenges to ensure financial stability and operational success.
The area (㎡) of prime property that $US 1million buys in Turkey's capital city Istanbul in Q1 2018 is 110㎡.
This is compared to equivalent areas for Hong Kong 22㎡, London 27㎡, Singapore 37㎡, Paris 45㎡, Shanghai 50㎡, Tokyo 70㎡, Berlin 74㎡, Mumbai 94㎡, Dubai 138㎡ and San Paulo 172㎡.
Read more at our Turkey (TRY) country guide
Further reading on the Turkish lira (TRY) - Guides, Reviews & News from our research team.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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