Turkish Lira Exchange Rates

Last Updated on June 12, 2023

As you pack your bags for that long-awaited Turkish vacation, there's one thing you absolutely need to be aware of - the Turkish Lira. The currency in your pocket plays a key role in your travel experiences and being aware of the situation of the Turkish Lira will serve you well on your journey.

Why Exchange Rates Matter for Tourists

For a tourist, the exchange rate can affect everything, from the Turkish delight you want to try in the Grand Bazaar, to the memorable balloon ride in Cappadocia. Simply put, knowing the value of your currency in terms of Turkish Lira can help you budget your trip better.

Historical Changes in the Turkish Lira

Historically, the Turkish Lira has undergone significant changes. This history has left a significant imprint on the Turkish economy, and in turn, the travel experience in Turkey.

On January 1, 2018, the rate of exchange was USD 1.00 = TRY 3.79. On August 13, 2018 it was USD 1.00 = TRY 6.96—a decline in the value of the Turkish currency of 46%. Similar trends have been noted in recent years. As of June 2023, the rate was 1 USD = TRY 23.66.

This is a benefit for travelers to Turkey who exchange these major currencies for Turkish liras. Expenses such as transport tickets, meals, souvenirs, and some other items may be substantially cheaper, though items priced in the major currencies (international airfares, car hire/rental, some hotels, etc.) may not change.

However, this decline in the value of the lira presents substantial difficulties for the Turkish economy.

How to Check the Turkish Lira Exchange Rates

Online Resources for Checking Exchange Rates

Keeping an eye on the current exchange rate is a smart move. Websites and apps like XE, OANDA, or even Google offer real-time exchange rate information. It's almost like having a currency expert in your pocket!

Local Exchange Offices and Banks

When in Turkey, exchange offices, known as Döviz Bureaus, and local banks are reliable sources for checking exchange rates. A little tip here, compare rates at a few places before you make the exchange.

What's your money worth in Turkish Liras (₺, TL or TRY) now? Use the currency exchange converter to find out the current foreign exchange rate for the Turkish Lira before you reach Istanbul.

Currency Converter by OANDA

Things to Keep in Mind When Exchanging Currency in Turkey

Exchange rates can vary significantly between different exchange offices or banks. It's wise to compare a few before deciding where to exchange your money. Additionally, be aware of potential fees and commission rates. Read more here.

Here are other important money matters:

—What it costs to travel in Turkey

—How Turkish money looks

—How to use credit cards in Turkey

—Turkish ATMs (Cash Machines)

Currency Exchange Offices

Travel Costs in Turkey

Turkish Lira Bills/Notes

Credit Cards

Travelers Checks


Your Currency's Name in Turkish

FAQ-Travel Details

Maps of Turkey

Where to Go

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