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"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."
"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."
"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."
Overall best option: Wise
Of the 2 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.
How to to send from Turkey to Cyprus in the best way
- Always compare rates
Money transfers to Cyprus should be easy. Use our live comparison tool to make sure you aren't missing the best rates to send money from Turkey to Cyprus.
- Choose a provider
Select the provider that offers you the best value on your Turkish Lira & service for your needs.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Cyprus.
Summary of recent searches
Considerations to make sending money from Turkey to Cyprus easy
Comparing the different providers offering services between Turkey and Cyprus, is the best way to send money with confidence.
The 2 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.
Cheapest way to transfer money to Cyprus from Turkey: Wise
Data collected over the past six months shows that Wise is 0% cheaper than the second-best option.
Wise offers this through a combination of an average 20* TRY fee per transfer and exchange rate between TRY-EUR that is 0% different to the mid-market rate
If you want the cheapest way to send Turkish Lira to Cyprus, Wise is our recommended choice.
*The most common fee applied to TRY-EUR by Wise, based on data from the past six months.
Fastest company to send money to Cyprus from Turkey: Wise.
Through our data, Wise was the quickest way to send money from Turkey to Euro 50% of the time.
Sending money through Wise to Cyprus from Turkey has an average fee of 0.95 TRY.
To understand who was the fastest, we tested Wise as part of 2 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.
Transfer a large sum of money
From 2 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 0.0274 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 three months has averaged 0.0271 EUR per Turkish Lira, hitting a high of 0.0286 and a low of 0.0262.
Wise 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. Instarem currently offers lowest fees, at an average of 20 TRY over the last 6 months. 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.
Here is how the currency has performed recently.
Over the past six months, the mid-market from TRY to EUR has been 0.0271.
During this period, the highest value was 0.0286, while the lowest was 0.0262.
Wise, which is our recommended choice to send money online from Turkey to Cyprus offers an exchange rate that is only 0% 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 Wise 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.
Wise is the cheapest money transfer company for bank transfers from the 2 we compared for transfers from TRY into Cyprus.
With an average fee of 4.99 TRY to send money from Turkey to Cyprus, Wise 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 Wise.
Wise is one of the cheaper options for debit card payments for transfers from Turkey to Cyprus. This cost is against a total of 2 money transfer companies offering this option.
Credit cards
When it comes to international credit card transfers from Turkey to Cyprus, emerges as our top choice of the 2 companies offering this service.
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.
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