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Best Ways to Exchange Money in Turkey

4 min read
Published: 04 Mar 2023

Exchanging money in Turkey can seem confusing, especially if you are not familiar with the local currency. If you want to know how currency exchange works, which currencies are accepted, and how to avoid common mistakes, this article is for you. It will also advise where to find the best exchange rates for money in Turkey. Therefore, you can be confident that you won't get lost when it comes to exchanging foreign currency. Read on for a comprehensive look at how to exchange money in Turkey.


How to Exchange Money in Turkey

One of the best ways to get your hands on Turkish currency is by using an ATM. ATMs are easy to use and can be found in airports, banks, big shopping malls, and hotels. Many ATMs in Turkey accept cards from Visa, Mastercard, American Express, and JCB, among others. Keep in mind, however, that not all ATMs accept international cards, so be sure to double-check before attempting a withdrawal.


Another way to change your foreign currency is at exchange offices or banks nationwide. Exchange rates at these places are usually better than what you would get from an ATM, but they may vary depending on where you go. Be sure to shop around for the best rate before deciding where to exchange your currency!


It is also possible to make purchases with credit cards at select stores and restaurants in Turkey. Most places accept major networks such as Visa and Mastercard, but it is always wise to check ahead of time if this payment option is available. Additionally, some merchants may charge additional fees for using a credit card, so make sure you know of any extra charges before purchasing.


With this guide as a reference, you now know all the different ways in which you can securely access Turkish currency while abroad. Whether through an ATM machine, a bank, or an exchange office, numerous options are available for exchanging money in Turkey—all designed for your convenience!

Exchanging Money in Turkey: Where to Go and Where to Avoid

Whether you’re a first-time traveler or a seasoned jet-setter, knowing where to exchange your currency and where not is important. In this article, we will help you figure out the best places to go for exchanging money in Turkey, as well as the ones you should avoid.

Where To Exchange Money In Turkey

Banks, private exchange offices, and post offices are the most convenient places for exchanging money in Turkey. Banks usually offer better rates than other institutions and tend to be open longer during the weekdays. Post offices also work with good exchange rates, but they are usually closed earlier than banks. Lastly, private exchange offices have shorter lines but often don’t offer the best rates.

Where Not To Exchange Money In Turkey

When it comes to exchanging money in Turkey, there are a few places that you should avoid. First, never use street vendors or small shops that offer currency exchange services; they can be unreliable, have hidden fees, or have inflated prices. Secondly, airports have extremely high commissions and should be avoided unless absolutely necessary. Lastly, online services can be costly, so getting cash from an official source is always better before leaving the country.


Knowing where and where not to go for currency exchange services can ensure you get the most out of your trip abroad. Whether through a bank, post office, private exchange office, or online service, always remember to compare prices before committing to any transaction!


Tips for Safely Exchanging Money in Turkey

Exchanging money when traveling to a foreign country can be a stressful experience, especially in countries with different currencies. When exchanging money in Turkey, there are some common mistakes to avoid if you don't want to lose your hard-earned cash. Here are some tips for safely exchanging money in Turkey:


  1. Don’t exchange money at the airport – Exchange rates at the airport are typically higher than normal, and you may end up paying more than you should. Instead, head to a bank or an exchange kiosk in the city center where the exchange rate is better.


  1. Don’t accept large bills – Be sure to check your bills carefully before taking them, as larger bills can be more easily counterfeited. If possible, try to break up large bills into smaller ones or request smaller bills if the teller offers them.


  1. Get Turkish lira at ATMs – ATMs typically offer the best exchange rate, making it easy to get Turkish lira directly from your bank account. Just make sure to use an ATM that is affiliated with your home bank to avoid incurring additional fees or charges.


  1. Bring small denomination notes – Small denomination notes are much easier to use for tipping and other small transactions, so bringing plenty of small changes with you when traveling through Turkey is wise.


  1. Make sure all funds have been exchanged – Before leaving an exchange kiosk or bank, double-check that all of your funds have been exchanged correctly and that there are no discrepancies between what you've been given and what you have requested.


By following these tips for safely exchanging money in Turkey, you'll be able to ensure that you don't lose out on any of your hard-earned cash during your travels!

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