Compared to a few years ago, the current value of the Turkish lira against the US dollar and the euro will benefit you on your trip to Turkey, but perhaps not as much as you'd wish.
Many Turkish travel companies such as hotels, car rental agencies, tour operators, etc., price their products and services in dollars or euros. Those prices may stay the same. Costs priced in Turkish liras, such as restaurant meals, public transit and airfares, will probably be lower for visitors converting euros and dollars to liras.
Here are current Turkish
Lira exchange rates and here's what Turkish Lira bills/notes look
general, travel costs in
highest in Istanbul in
April-May and September-October;
and at Turkish
beach resorts in July and August; lowest in
the small towns of eastern
Turkey, and off-season (November through March;
see my Turkish
average daily travel cost estimates below
per day, for two people
traveling together (that is, sharing
room) and include lodging,
and some transportation.
(If you're traveling alone, expect
to spend 35% more.)
Note: in summer 2018, the value of the Turkish lira dropped significantly versus the US dollar, euro, pound sterling, Japanese yen, and some other currencies. Annual inflation in Turkey is now nearly 20%, so you may have to adjust the estimates below for current conditions.
the rate of exchange for
your currency and the
Turkish Lira. Then, start getting
used to thinking in Turkish
calculating from these cost estimates:
staying in hostels and pensions with breakfast
included, eating one picnic and
one budget restaurant meal daily, and
riding buses and trains.
staying in one-
and two-star hotels with private baths and breakfast
included, eating most meals in inexpensive
restaurants, and traveling more comfortably
by bus and train.
staying in three-star hotels,
dining in restaurants all the time,
riding buses, trains,
airline flights; in a party of
four, perhaps an occasional local car
staying in four-star
at some better restaurants, traveling
the best trains,
and for parties of two or three, some car rental.
and up, staying at 5-star
hotels, dining at
restaurants, getting around by plane, rental
car and the occasional hot-air
balloon flight or private
Lira is divided into 100 kurus (koo-ROOSH).
About Turkish Money...
Note that the New
Turkish Lira notes (YTL:
Yeni Türk Lirası), current
from 2005 through 2008, have been withdrawn
from circulation, and you
should not accept them.
Accept only the "E9"
introduced in 2009, like the one
Here's information on counterfeit notes/bills in Turkey.
—by Tom Brosnahan
Travel Costs by City
Here are per-person average costs for some major cities in 2017, including 4- or 5-star hotel & meals. You can see that Istanbul is relatively low-cost.