Compare the final amount for the same transaction. The spread is the difference between buy and sell rates. A separate fee can change which offer produces the better result.
The spread and a fee are different
On this site, the spread is the office's sell rate minus its buy rate for the same currency. With an example buy rate of 60 TRY and sell rate of 61 TRY per GBP, the spread is 1 TRY per GBP. This is a price difference, not automatically a separate line on a receipt.
A fee is an additional charge. An office might quote a fixed amount or a percentage. Ask whether a quoted fee already appears in the total. Never subtract it twice. A claim of zero commission does not by itself tell you how much foreign currency you receive.
Selling foreign currency: calculate what you receive
Use this formula when the office deducts a fixed TRY fee from the payment:
Net TRY = foreign amount × buy rate − fee in TRYThe following offers are invented calculation examples. They are not offers from actual offices.
| Offer | Amount | Buy rate | Separate fee | Net result |
|---|---|---|---|---|
| A | 200 GBP | 60.00 TRY | 0 TRY | 12,000 TRY |
| B | 200 GBP | 60.20 TRY | 75 TRY | 11,965 TRY |
Offer B has the higher listed buy rate. Its fee makes the final result 35 TRY lower for this amount. At a different amount, the result can change. That is why the amount belongs in every comparison.
Buying foreign currency: calculate what you pay
For a fixed foreign amount and an additional TRY fee, use:
Total TRY = foreign amount × sell rate + fee in TRYFor example, 300 EUR at an invented sell rate of 50 TRY costs 15,000 TRY before fees. A separate 100 TRY fee makes the total 15,100 TRY. A quote of 50.20 TRY with no separate fee costs 15,060 TRY for the same 300 EUR.
If you have a fixed TRY budget, first deduct a fixed TRY fee that comes out of that budget. Divide the remainder by the sell rate. If the fee uses another currency or a percentage, ask the office to write the full calculation.
Percentage fees need a stated base
A one percent fee on 10,000 TRY equals 100 TRY. But the phrase “one percent” is incomplete without the amount to which it applies. Ask whether it applies to the original amount, the converted amount, or another value.
If you calculate a percentage spread, name the denominator. For example, (sell − buy) ÷ buy × 100 uses the buy rate. A calculation based on the midpoint gives another percentage. Compare the same formula on both offers.
Confirm the complete offer
Before a visit, ask the office for:
- The currency and exact amount you give.
- The currency and net amount you receive.
- All separate fees and their currency.
- The period for which the quote applies.
- Cash availability and any amount conditions.
The site supplies comparison information. It does not confirm these conditions on behalf of an office. Keep the quote and the final receipt for your own records.
Continue with your own amount
Use the calculator for the basic conversion. Add confirmed fees separately. Read buy and sell rates if the direction is unclear. Use the office map guide to check location information before travel.
These formulas and examples are original arithmetic explanations. The about page defines what the app's displayed prices include. This guide does not assert that any listed office charges a particular fee.
This content gives general information. Confirm the transaction rate, fees and cash availability with the office.
