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

Get the best deals on transfers from Turkey to Cyprus. Find the cheapest, fastest, and best rated providers with the most competitive TRY to EUR exchange rates.

Read on for analysis and insights on the best ways to send money to Cyprus from Turkey.

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June 25th, 2025
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Send money from Turkey to Cyprus

Last updated: Today
Mid-market rate as of 06/25/2025: 1 TRY = 0.021728 EUR
Results below are based on a 250000 TRY search
0 of 7 providers
Sponsored
Wise
Recipient gets (EUR)
€5,404.04
Full transfer details
Visit Wise
€135 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Exclusive: First Transfer Deal
Regency FX
Recipient gets (EUR)
€5,417.33
Full transfer details
Visit Regency FX
€148 better than a typical bank*

"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."

Personal account manager
Multi-currency card
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Professional, personal service
Live Rates
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Exclusive: Special Rate for 1st Transfer
1
Key Currency
Recipient gets (EUR)
€5,418.42
Full transfer details
Visit Key Currency
€149 better than a typical bank*

"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."

Personal account manager
Multi-currency card
Receive to bank account
Exclusive: First Transfer Deal
2
Regency FX
Recipient gets (EUR)
€5,417.33
Full transfer details
Visit Regency FX
€148 better than a typical bank*

"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."

Personal account manager
Multi-currency card
Receive to bank account
Professional, personal service
3
OFX
Recipient gets (EUR)
€5,405.00
Full transfer details
Visit OFX
€136 better than a typical bank*

"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."

Personal account manager
Multi-currency card
Receive to bank account
4
Wise
Recipient gets (EUR)
€5,404.04
Full transfer details
Visit Wise
€135 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
5
Currencies Direct
Recipient gets (EUR)
€5,362.50
Full transfer details
Visit Currencies Direct
€93 better than a typical bank*

"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."

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Mid-market rate updates every 60 minutes
Estimated Rates
We don't have access to live rates from these companies. Instead, we've researched their average exchange rates and fees.
Lumon
Recipient gets (EUR)
€5,377.68
Sponsored
Wise
Recipient gets (EUR)
€5,404.04
Full transfer details
Visit Wise
€135 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Exclusive: First Transfer Deal
Regency FX
Recipient gets (EUR)
€5,417.33
Full transfer details
Visit Regency FX
€148 better than a typical bank*

"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."

Personal account manager
Multi-currency card
Receive to bank account
Professional, personal service

Overall best option: Wise

Wise is our recommended company for sending money to Cyprus from TRY.

Of the 7 companies that support TRY to EUR, Wise offered the best combination of cost and speed.

Overall, Wise appeared in 100% of Turkey to Cyprus searches, consistently scoring as one of the best ways to send TRY to EUR.

So for a great mix of cost, speed & features, send Turkish Liras to Cyprus using Wise.

Wise is the top rated company for sending money from Turkey (TRY) to Cyprus (EUR) - Wise Screenshot

How to to send from Turkey to Cyprus in the best way

Summary of recent searches

Top rated for transfers from Turkey to Cyprus
Wise
Total number of TR - CY providers
7
Average cheapest fees & rate
Key Currency
Average fastest transfer
Wise
Average transfer time
Within minutes
Best for bank transfers
Key Currency

Considerations to make sending money from Turkey to Cyprus easy

1
Compare providers

Comparing the different providers offering services between Turkey and Cyprus, is the best way to send money with confidence.

The 7 providers we've compared ensures you will get the best options for your transfer to Cyprus from Turkey. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.

Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring Turkish Lira to Cyprus.

2
Exchange rates between Turkish Lira-Euro
3
Choose the right payment method
4
Financial regulation in Turkey and Cyprus
5
Consider transfer limits
6
Receiving money in Cyprus
7
Have your ID ready
8
Tax declarations

Cheapest way to transfer money to Cyprus from Turkey: Key Currency

Key Currency offers the lowest cost transfers of the 7 providers we compared.

Data collected over the past 7 days shows that Key Currency is 0.02% cheaper than the second-best option.

Key Currency offers this through a combination of an average 0* TRY fee per transfer and exchange rate between TRY-EUR that is 0.25% different to the mid-market rate

If you want the cheapest way to send Turkish Lira to Cyprus, Key Currency is our recommended choice.

*The most common fee applied to TRY-EUR by Key Currency, based on data from the past 7 days.

Key Currency is the cheapest way to send money from Turkey (TRY) to Cyprus (EUR) - Key Currency Screenshot

Fastest company to send money to Cyprus from Turkey: Wise.

We compared 7 companies for fast transfers from Turkish Liras to Cyprus and Wise came out on top.

Through our data, Wise was the quickest way to send money from Turkey to Euro 100% of the time.

Sending money through Wise to Cyprus from Turkey has an average fee of 1,303.86 TRY.

To understand who was the fastest, we tested Wise as part of 7 money transfer providers. Within this, we looked at the overall speed of sending money from Turkey to Cyprus. This was made up of transfer times to Cyprus after Turkish Liras were added to a money transfer account.

When fast money transfers between Turkey and Cyprus are a priority, Wise is our recommended choice.

Wise is the fastest way to send money from Turkey (TRY) to Cyprus (EUR) - Wise Screenshot

Transfer a large sum of money

When sending large amounts of Euro to Cyprus it’s best the pick a company with higher maximum limits on exchange rates and send amounts.

From
7 money transfer companies compared, Wise is the best option for large transfers from Turkey to Cyprus.

Whether it’s for property purchases, business or any other reason, sending large amounts of money from Turkey to Cyprus can become expensive if you use a bank, or the wrong provider.

Wise is the top choice for sending large sums of money to Cyprus from Turkey because they offer a strong service and competitive exchange rates.

Understanding the costs involved when transferring money to Cyprus from Turkey

When calculating the cost of sending money from Turkey to Cyprus, a combination of fees and exchange rates ensure the best deal:

The Mid-Market and Exchange Rates: The current TRY-EUR mid-market rate is 0.0216 EUR per Turkish Lira. Finding a provider as close to this number as possible will ensure more Euro for your money.

  • As a comparison, the TRY-EUR mid-market rate for the past week has averaged 0.0219 EUR per Turkish Lira, hitting a high of 0.0221 and a low of 0.0217.

  • Key Currency is currently offering the best exchange rate on transfers between Turkey and Cyprus.

  • Often the TRY-EUR exchange rate you receive will be the biggest factor impacting the cost of sending Turkish Lira to Cyprus.

Fees: Transfer fees are charged on top of a transfer. Key Currency currently offers lowest fees, at an average of 0 TRY over the last 7 days. Although, we recommend searching for your exact send amount for an exact fee.

Amount Received: The total amount received in Euro is the biggest indicator in the total cost of sending money to Turkey from Cyprus. The higher the total amount received in Cyprus, the lower the cost of sending from Turkey.

How to get the best exchange rate for Turkish Lira to Euro

Getting the best exchange rate essential for sending money between TRY and EUR. The exchange rate you secure impacts how much EUR you get for your TRY.

Mid-market Rate
1 
=
0.021613 
EUR

Here is how the currency has performed recently.

  • Over the past 7 days, the mid-market from TRY to EUR has been 0.0219.

  • During this period, the highest value was 0.0221, while the lowest was 0.0217.

  • Wise, which is our recommended choice to send money online from Turkey to Cyprus offers an exchange rate that is only 0.13% above the mid-market rate.

Want to secure the best TRY-Euro exchange rates?

Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Turkey to Cyprus!

Payment options for Turkey to
Cyprus money transfers

  • Bank transfers

    Bank transfers are usually the best and easiest way to send money from Turkey to Cyprus.

    By using a money transfer company such as Key Currency for transfers from Turkey to Cyprus, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

    Key Currency is the cheapest money transfer company for bank transfers from the 7 we compared for transfers from TRY into Cyprus.

    With an average fee of 0 TRY to send money from Turkey to Cyprus, Key Currency offers a strong combination of competitive exchange rates and lower fees.


  • Debit cards and prepaid options

    Sending money from Turkey to Cyprus with a debit or a prepaid card is available through .


    is one of the cheaper options for debit card payments for transfers from Turkey to Cyprus. This cost is against a total of 7 money transfer companies offering this option.

  • Credit cards

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

    Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment.

How we analyze the market

We track the cost, speed, and product offerings of the leading money transfer services available between Cyprus and Turkey.


Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.

We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.

This thorough analysis helps you get the best available deal - every time you want to move money from Turkey to Cyprus.


We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send TRY to EUR.


For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.

Money transfer company reviews

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What is the best exchange rate I can get for sending money from Turkey to Cyprus?
Are there any minimum or maximum transfer amounts for sending money from Turkey to Cyprus?
Can I schedule regular transfers between Turkey and Cyprus?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.
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