How to send money to Sweden from Turkey with the best TRY-SEK rate

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

Today, the average exchange rate between Turkish Lira and Swedish Krona is 0.2097. The company offering the best exchange rate is Wise.

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

The total cost of sending money to Sweden 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-SEK is 0.2097 SEK per Turkish Lira.

• Fees: When sending money there may be additional fees. Wise offers the lowest fee of the 4 providers tested, costing 1336.69 TRY per transfer (based on ₺250,000 transferred).

• Amount Received: When comparing providers, the best measure is the amount of Swedish Krona eventually received in Sweden.

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

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

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

Bank transfers

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

Using a money transfer company, such as Wise for transfers from Turkey to Sweden, 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 Sweden with a prepaid or debit card is easy with .


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

Credit cards

When it comes to international credit card transfers from Turkey to Sweden, 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 Sweden.

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

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

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

There are different ways to receive money in Sweden. 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 Sweden.

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

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 Sweden, 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 Sweden.

If you're making a big transaction between Turkey and Sweden, 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 Sweden there will be tax implications to consider.

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

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