Understanding the Turkish Lira
The Turkish Lira (TRY/TL) has experienced significant depreciation in recent years, making Turkey extremely affordable for foreign visitors. Always check the current exchange rate before your trip as it changes frequently.
Cash vs Card
Credit and debit cards are accepted almost everywhere in tourist areas — restaurants, shops, hotels, and even taxis. However, carry cash for small purchases, markets, and rural areas. Visa and Mastercard are widely accepted; Amex less so.
Where to Exchange Money
ATMs offer the best exchange rates. Use bank ATMs (Garanti, İş Bankası, Yapı Kredi, Ziraat) and decline the "convert to your currency" option to get the better rate. Exchange offices (döviz) in the Grand Bazaar area offer competitive rates. Avoid airport exchange offices — they have the worst rates.
Should I exchange money before coming to Turkey?
No need — ATMs are everywhere and offer the best rates. Bring a debit card with low foreign transaction fees. Having 100–200 EUR/USD as emergency backup cash is sensible.