The Best Place to Buy Turkish Lira
Offices in the market offer better cash exchange rates than those in tourist areas. Offices at International reports offer poor rates for exchange. One should need to carefully check all available options to get the best value for their money and to avoid any inconvenience.
The Best place to exchange currency depends upon;
- The exchange rate that the provider offers
- The charging fee provider charge
Banks mostly take a 4 % commission on every exchange. It's better to go for small exchange offices in the main market as they offer the best deals with minimum commission. Exchange offices known as money changer displaying word Doviz shows that they are providing foreign exchange services.
Stay Up to Date with Mid-Market Exchange Rates
During deciding where to change money, it’s important to understand the mid exchange rates. The mid exchange rate is the real exchange rate and the tourist rates are derived from these real rates by whatever formula they choose to apply. Exchange services rates may vary, depending on provide profit interest. Sometimes exchange services claim 0 %commission, and they charge hidden fees on the name of real exchange rates.
How To Get a Fair Deal
The mid-market rates fluctuate all time, due to up-down movement in global market rate. But it’s not impossible to get a fair deal. Find out the current mid-market rate with the help of the currency converter. Compare this exchange rate with the rates you are being offered.
Should I Exchange My Money When I Arrive at The Airport or Should I Wait and Exchange It in The City?
Yes! You should wait and exchange money in the city to get better and fair rates. Avoid exchange money at the airport and do exchange your money in the city. For this, you should keep some lira with you until and unless you get access to a good place for exchange in the city
Airport, hotel front desk offers high fee exchange services and notorious for charging high exchange rates. In the main city, one can easily get better exchange rates. Keep some lira with yourself and after your arrival in Turkey seeks the best place for exchange and it's easy to find out that one in the main city.
If you are short of money, then don't confuse yourself with the airport option. ATM is the best alternative. Turkey is the country with the widest ATM network.
ATM can be easily found by the person at the Airport, in free-standing booths on the street. Withdraw your cash while using your ATM card to get some quick cash until you reach your destination. Using ATM is safer than and less prone to tampering.
You should always choose to pay local currency. If you decided to choose an ATM all the time, so it will make up an exchange rate for you. This is not a good deal and you should be avoided.
To Find the ATM Near You Use
- VISA ATM Locator
- Master Card ATM Locator
- AMX ATM Locator
Money Changer in Istanbul
Money changer around the grand bazaar is providing best exchange rates
- In the ISTANBUL exchange office near the Grand Bazaar is a good idea. There, the competition drives a decent deal for travelers.
- Recommended Money changer in Istanbul
- Merkez Doviz, Kur Borsa Doviz, Haznedar Doviz, Gazi Doviz, Azici Altin Doviz and many others. You can easily get numbers of money changer in Istanbul.