Can i use sterling in turkey

After placing your online order, you'll be able to collect it and pay for it at any of our branches in Turkey. Besides getting the best exchange rate for your online exchange more travel cash for the same price , this service allows you to save time and reduce anxiety, as you will have the currency you need ready for your trip abroad. The exchange rates you can see on your mobile phone come from Internet currency converters. These rates are for currency wholesalers foreign exchange transactions for financial and international trade companies , not for the public.

Those cheaper rates are for the foreign exchange operations FX market , not for currency exchange operations cash-to-cash. For this reason, in the companies that offer the service of change you will never find the same change published in the converters but the one that each company has fixed according to the characteristics of their service. Foreign exchange Forex or FX, for short is the market that establishes the value of the currencies in which international transactions will be performed, at a wholesale level.

Currency exchange, on the other hand, is the market in which individual currencies are sold in retail on a certain price depending on demand. Currency exchange entails cash transactions, thus adding logistic costs, and therefore their exchange rates are somewhat "worse" than the Forex rates, which only move money between accounts. Banks charge a margin, plus a commission and you have to visit them at least twice: to order the money and to collect it.

Therefore, the online price is lower than the one you get when you change in person at the airport you get more foreign currency for the same amount you pay. Why change currency with us rather than your bank Global Exchange Your high-street bank Variety of currencies A: Given the excellent rates that you can expect for changing sterling in Turkey, most holidaymakers will gain no advantage from taking euros. While you might get only 2.

The margins for sterling at Turkish bureaux de change are about as narrow as they are for euros. There are, however, three possible good reasons for taking euros. First, if your trip involves paying locally for accommodation, and you will be staying at a hotel that quotes rates in euros, then it could be advantageous to pay with euros. Next, if you plan to stray off the beaten tourist track, euros are likely to be more recognised by local traders than Sterling. Finally, if you are unsure how much you might spend, having a couple of hundred euros stashed away is a good plan in a low-crime country such as Turkey.

Q: I'm booking a trip to Las Vegas. We also use cookies set by other sites to help us deliver content from their services. You can change your cookie settings at any time. The currency in Turkey is the Turkish Lira.

ATMs are widely available in major cities and tourist areas. Some exchange booths may still accept these banknotes, but there is no guarantee and you may be charged an extra commission. To help us improve GOV. It will take only 2 minutes to fill in. Cookies on GOV.