How to send money to Spain from Turkey with the best TRY-EUR rate

The exchange rate determines how many TRY the recipient will get in Spain when you send Turkish Lira.

Today, the average exchange rate between Turkish Lira and Euro is 0.0189. The company offering the best exchange rate is Wise.

The TRY-EUR rate fluctuates constantly, so timing your transfer to Spain can help you save a lot of money.

The total cost of sending money to Spain from Turkey is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for TRY-EUR is 0.0189 EUR per Turkish Lira.

• Fees: When sending money there may be additional fees. Wise offers the lowest fee of the 4 providers tested, costing 1303.61 TRY per transfer (based on ₺250,000 transferred).

• Amount Received: When comparing providers, the best measure is the amount of Euro eventually received in Spain.

Sometimes, waiting a day or two can help you get more EUR for the same amount of TRY. You can also opt for a forward contract to lock in rates between Turkey and Spain.

A bank transfer is the most cost effective option for sending money from Turkey to Spain.

Here are all the ways to send money from Turkey to Spain:

Bank transfers

The default option for sending money from Turkey to Spain is often a bank transfer.

Using a money transfer company, such as Wise for transfers from Turkey to Spain, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from Turkey to Spain with a prepaid or debit card is easy with .


is a leader in accepting card payments for transfers between Turkey and Spain.

Credit cards

When it comes to international credit card transfers from Turkey to Spain, we recommend comparing your options to get the best deal.

Always choose providers that are regulated by financial authorities to ensure funds are safe when transferring from Turkey to Spain.

If you don’t know what the key regulatory bodies for money transfers are between Turkey and Spain, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer from Turkey to Spain. This applies when receiving money in Spain as well.

Different companies will offer different rates or lower fees for different transfer amounts.

For example, we recommend using Wise if you need to send large amounts of TRY to Spain.

This being said, always check with the recipient and understand any declarations needed on large amounts of money leaving Turkey, or entering Spain.

There are different ways to receive money in Spain. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account.

If you (or the recipient) want a direct transfer to your bank account, Wise is the best money transfer company for bank transfers between Turkey and Spain.

And if you need cash right away, check if cash pickup is an option for transfers between Turkey and Spain.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Wise.

When you're sending or receiving money between Turkey and Spain, you have to be ready to show some ID.

The exact documents you need might vary. Usually in Turkey this will be a government ID like a passport or driver's license. This will be similar if you need to open an account or collect cash in Spain.

If you're making a big transaction between Turkey and Spain, a provider may ask you for proof of address or may want to know where your money comes from.

Wise is a great option for sending from Turkey as the sign up process is pretty straightforward, even for larger transactions.

When sending large amounts of money between Turkey to Spain there will be tax implications to consider.

Some TRY-EUR transfers may need to be reported to tax authorities, particularly where inheritance or property sales are involved.

Tax limits and personal allowances differ in Spain based on age, income and a few other elements. When in doubt, please contact a tax professional in Turkey or Spain to discuss your personal circumstances.