The Turkish Lira rates below were last updated 4 minutes ago
If you're travelling to Turkey soon you'll want to get the best deal on your Turkish Lira. Our free comparison service compares the best Turkish Lira rates from the biggest currency suppliers in the UK so you can see at a glance who is offering the top deals. We are currently comparing 21 suppliers selling Turkish Lira in the UK with exchange rates ranging from 4.8445 to 5.0991.
But wait, it gets better! Many of the top suppliers listed above offer us exclusive exchange rates that are better than any other website which means if you order through us you could save even more money. We are so confident that you won't find better Turkish Lira exchange rates on any other UK website that we challenge you to let us know if you find a better deal!
The Turkish Lira is the official currency of Turkey and the Turkish Republic of Northern Cyprus. It carries the International Standard Currency Code: TRY. Monetary policy is managed by the Central Bank of the Republic of Turkey who are responsible for regulating Turkey's currency market and protecting the value of the Turkish Lira along with the central government.
In December 2003 the Grand National Assembly of Turkey voted to revalue the country's troubled currency, and 6 zeros were removed from the Lira (1 Million old Lira equating to 1 New Turkish Lira) creating a new currency dubbed the 'Second Lira' or "Yeni Turk Lirasi" (meaning "New Turkish Lira"). This new currency was circulated on 1st January 2005 and replaced the old Lira at a ratio of 1,000,000:1. On 1st January 2009, "New" was removed from the second Lira, and new coins were issued with the amended name in various denominations ranging from 1 Kuru to 1 Lira (100 Kurus). Local currency can also be obtained from banks and exchange bureau, known as DOVIZ in Turkish.
In recent years Turkey has become one of the most popular holiday destinations in Europe rivaling other countries like Spain. The Turkish Lira Exchange Rates offer extremely good value for money and over the last year we have seen an increase of 39% where GBP has continued to strengthen.
If you are going to Turkey as part of a Mediterranean cruise and you are entering Turkey as part of a day trip as a British Citizen passport holder then you do not need a visa for the day. However, if you are going to Turkey for up to 90 days then you can apply for a visa upon entry which costs 10 GBP in cash.
Although from the 11th April 2014 Turkey are changing their visa entry requirements and you will need to apply for your visa in advance using their new online electronic visa system where you will still be required to pay. Other standard entry requirements include making sure you have a blank page for stamping in your passport and your passport must be valid for at least 6 months before you can enter the country. For more information on the new Turkish visa system please see the FCO website.
Over the past week the Turkish Lira has increased by 0.91% from last Friday's rate of 5.053 to today's rate of 5.0991 which means £750 will buy you L34.57 more now than it would have a week ago. During this period the best rate we recorded was 5.158 on Tuesday and the worst rate was 5.015 on Saturday.
The 90 day outlook has seen the Turkish Lira rate increase by 16.18% from 4.389 on 1st September 2017 to 5.0991 today. Based on these figures, £750 will buy you L532.58 more today than it would have three months ago. We recorded a high rate of 5.158 on 21st November 2017 and a low rate of 4.353 on 31st August 2017.
We are accredited partners of the Foreign & Commonwealth Office (FCO) Travel Aware campaign which provides official government advice for British travellers heading abroad.
The FCO release travel alerts containing important information for travellers to any countries where the safety or security of British citizens may be at risk.
Posted by Graham Morley on 23rd November 2017
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