GBP/TRY: what to know
The GBP/TRY rate shows how much TRY you get for 1 GBP. Right now, 1 GBP buys 63.1187 TRY at the mid-market rate. In the other direction, 1 TRY is worth 0.0158 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while TRY responds to high inflation and central-bank policy.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira.
Over the past 12 months the GBP/TRY rate has ranged between 53.5232 and 63.6887 — a change of +16.25% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.