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.
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In general, travel costs in Turkey are highest in Istanbul inApril–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 Almanac.)
The average daily travel cost estimates below are per-person, per day, for two people traveling together (that is, sharing a hotel room) and include lodging, three meals, 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.
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Note that the New Turkish Lira notes (YTL: Yeni Türk Lirası), current from 2005 through 2008, have been withdrawn from circulation, and you should not accept them.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” series Turkish Lira bills/notes introduced in 2009, like the one below. More…
Here’s information on counterfeit notes/bills in Turkey.
—by Tom Brosnahan