📈 Turkey to Bulgaria Money Transfer Snapshot Today
- Best TRY to EUR exchange rate today: EUR 0.0190, offered by Regency FX
- Number of money transfer providers compared: 6
- Exchange rate range: EUR 0.0190 to EUR 0.0163
- Potential savings on TRY 1000: EUR 2.70
- Number of deals and promo codes: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real TRY to EUR exchange rate before providers add their margin or fees. exchange rate: 1 TRY = EUR 0.0190 (Updated about an hour ago)
See detailed Turkey to Bulgaria money transfer comparison below.
Turkey to Bulgaria money transfer providers that matched the search criteria
📢 B2B transfers only
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What these rates mean for sending money to Bulgaria from Turkey today
Compare top-rated money transfer providers to find the best way to remit money to Bulgaria from Turkey. Check today's TRY to EUR exchange rates, read detailed provider reviews, and discover exclusive deals and promo codes.
RemitFinder compared 6 providers for Turkey to Bulgaria money transfers today. Here is what the competition looks like right now:
Today's Most Competitive Providers to Transfer Money to Bulgaria from Turkey
🥇 Regency FX with 1 TRY = 0.0190 EUR (best TRY to EUR exchange rate today).
🥈 Key Currency offering 1 TRY = 0.0190 EUR.
🥉 Cambridge Currencies & Currencyflow are also providing good FX rate today.
The 6 providers compared today offer exchange rates from EUR 0.0163 to EUR 0.0190. On a TRY 1000 transfer from Turkey to Bulgaria, that spread means up to EUR 2.70 in potential savings — simply by choosing the right provider.
Turkish Lira to Euro exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much EUR your recipient receives in Bulgaria.
Compare the providers above to maximize every TRY you send to Bulgaria. The best Turkish Lira to Euro transfer rate changes daily, so comparing today matters.
🔄 Looking for the reverse corridor? Send money from Bulgaria to Turkey instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Turkey.
👇 There is more to a great transfer than today's TRY to EUR exchange rate — 5 years of historical pricing data reveals what really drives the total cost of sending money to Bulgaria from Turkey.
Whilst Turkish Lira to Euro exchange rate is crucial, historical data shows that transfer fees, TRY amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze 5 years of Turkey to Bulgaria remittance data to show you exactly where costs arise, and the best practices that maximize your EUR payout on every transfer.
Cost insights to remit money from Turkey to Bulgaria (data-backed)
When you send money internationally from Turkey to Bulgaria, the following 4 key factors determine how much your recipient actually receives:
- TRY to EUR exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, optimizing all four factors together gives your recipient in Bulgaria the maximum EUR payout on every transfer.
Another counter-balancing aspect is money transfer speed. If you need to transfer money from Turkey to Bulgaria urgently, you may have to compromise on some of the above factors whilst optimizing for speed.
To understand what actually drives cost, we analyzed historical remittance pricing1 for TRY to EUR money transfers — comparing transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 236 actual Turkey to Bulgaria money transfers handled by 13 providers over the last 5 years (for a TRY 570 remittance benchmark).
This analysis of real Turkish Lira to Euro transfer data identifies the lowest-cost payment and delivery combinations — so you keep more of every Turkish Lira you send.
Before we deep dive, here are the key trends:
📌 Key Cost Insights: Transferring money from Turkey to Bulgaria
- Average total cost: 44.70% (range 1.88% to 293.72%, spread 291.84 percentage points)
- Potential payout difference: On a TRY 570 transfer, the above variation can save you up to TRY 1,663.49.
- Average FX markup: 1.76% (range -0.99%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 11.48%, spread 12.47 percentage points) - Average transfer fee: TRY 244.73 (range TRY 10.00 to TRY 1,663.00)
- Cheapest payment/delivery method combo: Bank Account Transfer → Cash Pickup (11.61% avg cost); most expensive is Bank Account Transfer → Bank Deposit (62.24%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 50.63% (TRY 288.60 on TRY 570 transfer).
- Market coverage: ~13 providers on average (competition level: competitive)
- Average speed: About 30 hours (~1.3 days)
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we break down each of these factors in detail — so you know exactly where to focus when comparing providers for your next money transfer to Bulgaria from Turkey.
📈 TRY to EUR Exchange Rate: The biggest factor when you send Turkish Lira to Euro
The exchange rate on your Turkey to Bulgaria money transfer is the single biggest factor determining your overall TRY cost — and how many Euro your recipient actually receives.
To analyze exchange rates, we use the exchange rate markup (also called FX margin) — the difference between the mid-market exchange rate
Here is what 5 years of historical data shows for FX markup on Turkish Lira to Bulgaria transfers:
- Average markup: 1.76%
- Median markup: 1.34%
- Lowest markup: -0.99%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 11.48%
That is a spread of 12.47 percentage points between the lowest and highest observed FX markups.
To put this into perspective — on a TRY 570 transfer, that spread is EUR 71.08 in differences purely from the exchange rate. On a TRY 1400 transfer, that gap grows to EUR 174.58.
🛠️ How to use this insight: When comparing providers for Turkey to Bulgaria remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
The TRY to EUR exchange rate is the single most critical factor in the cost of your transfer. When comparing providers, always check the rate first — it matters more than you might expect.
💰 Transfer Fees: What to watch when you remit money from Turkey to Bulgaria
Whilst exchange rate gets most of the attention, the transfer fee can also have a big impact on how much of your Turkish Lira actually reaches your recipient in Bulgaria.
Based on 5 years of pricing data, here is what we see on Turkish Lira to Bulgaria money transfer fees:
- Average fee: TRY 244.73
- Median fee: TRY 130.50
- Lowest fee: TRY 10.00
- Highest fee: TRY 1,663.00
The average fee of TRY 244.73 represents 42.94% of a TRY 570 transfer, a meaningful cost on its own.
And even when two providers offer identical exchange rates, the difference between the lowest and highest fee means a payout difference of up to TRY 1,653.00.
🛠️ How to use this insight: For your next money transfer from Turkey to Euro, look for providers that offer lower (or even 0) transfer fees.
One important caveat: watch out for hidden fees. Some providers advertise zero or low fees but offset it with a lower TRY to EUR exchange rate. The money lost through an inferior FX rate is just as real as a visible fee — but since it does not show up as a line item, it is called a hidden fee.
This is why comparing total cost (fee + FX markup combined) always gives you a clearer picture instead of looking at rates or fees alone.
Finally, keep in mind that fixed fees matter more on smaller transfers. On a TRY 200 transfer, a TRY 5 fee is 2.5% of your total amount. On a TRY 2,000 transfer, that same fee is just 0.25%. If you send smaller Turkish Lira to Euro transfers regularly, pay even more attention to fees.
Transfer fees can be just as costly as a poor exchange rate — always look at the total cost of your TRY to EUR transfer, not just rates or fees alone.
💸 Payment & Delivery Methods that reduce your cost to transfer money to Bulgaria from Turkey
Based on our analysis of historical Turkey to Bulgaria remittance data, we see consistent variation in overall cost amongst various payment method and delivery methods.
Even when Turkish Lira to Euro exchange rates are similar, different combinations of payment and delivery options can lead to meaningful differences in what you pay.
💳 Average Cost by Payment Method
Here is the average cost for popular payment methods used to send money to Bulgaria from Turkey:
- Cash: 18.15%
- Bank Account Transfer: 60.53%
That is a spread of 42.38 percentage points.
👉 On a TRY 570 transfer, this means you could save up to TRY 241.56 simply by choosing a lower-cost payment method.
These savings increase further for larger TRY transfer amounts.
📥 Average Cost by Delivery Method
Here is the average cost of popular delivery methods used to remit money from Turkey to Bulgaria:
- Cash Pickup: 17.46%
- Bank Deposit: 51.84%
This is a difference of 34.38 percentage points.
👉 On a TRY 570 transfer, you could save up to TRY 195.97 by choosing Cash Pickup instead of Bank Deposit.
Different combinations of payment methods in Turkey and delivery methods in Bulgaria can lead to very different total costs when sending or remitting money.
Here is a summary of the average cost of payment and delivery method combinations for Turkey to EUR money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Cash Pickup | 11.61 |
| Cash | Cash Pickup | 18.12 |
| Cash | Bank Deposit | 18.18 |
| Bank Account Transfer | Bank Deposit | 62.24 |
Sorted by Average Cost % (cheapest to most expensive).
The difference between these TRY to EUR payment and delivery options is significant.
- Lowest cost: Bank Account Transfer → Cash Pickup (11.61%)
- Highest cost: Bank Account Transfer → Bank Deposit (62.24%)
- Difference: 50.63 percentage points
👉 On a TRY 570 transfer, you could save up to TRY 354.78
👉 On a TRY 1400 transfer, savings increase to TRY 871.39
Here is a quick summary of the average historical cost of various payment and delivery methods for TRY to Bulgaria money transfers.
💸 Cheapest Payment & Delivery Methods to send TRY to EUR transfers (data-backed)
- Cheapest payment method: Cash (18.15%) vs Bank Account Transfer (60.53%)
- Cheapest delivery method: Cash Pickup (17.46%) vs Bank Deposit (51.84%)
- Cheapest combination: Bank Account Transfer → Cash Pickup (11.61%) vs Bank Account Transfer → Bank Deposit (62.24%)
🛠️ How to use this insight: As you compare money transfer providers for your next Turkey to Bulgaria international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Turkey to Bulgaria remittances by carefully choosing the cheapest payment and delivery methods.
🏦 Are banks more expensive than money transfer services for Turkey to Bulgaria money transfers?
When we compared Turkey banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 55.94 percentage points more on average than money transfer providers for Turkey to Bulgaria remittances.
This means banks are roughly 3.66x more expensive for sending TRY to Bulgaria.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | TRY 428.80 | TRY 109.39 | TRY 319.40 |
| Exchange rate markup | 1.71% | 1.80% | -0.10 pp* |
| Average total cost (%) | 76.94% | 21.00% | 55.94 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in Turkey may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want use your bank in Turkey, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost to remit money from Turkey to Bulgaria?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending TRY 570 vs TRY 1400 from Turkey to Bulgaria.
We found that sending a higher amount (TRY 1400) is typically cheaper — average cost drops from 44.70% to 19.98%, a reduction of 24.72 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Turkish Lira amounts to Bulgaria, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the market for sending money to Bulgaria from Turkey?
Based on data from the last 5 years, Turkish Lira to Euro money transfers are provided on an average by 13 remittance companies. With this number of providers, we consider the level of market competition to be competitive.
Traditional banks account for only 38.5% of active providers (5 out of 13), whilst money transfer services make up the majority. This means you have more options beyond banks when you transfer TRY to Bulgaria.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Turkey to Bulgaria remittances.
This is why comparing providers is especially important when you transfer money from Turkey to Bulgaria.
⏱️ How fast can you transfer Turkish Lira to Euro?
If your recipient in Bulgaria needs funds urgently, transfer speed becomes just as important as cost when sending money.
Here is what we see for Turkey to Bulgaria transfers:
- Average transfer time: About 30 hours (~1.3 days).
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 96 hours (~4.0 days).
- Average speed at TRY 570: About 30 hours (~1.3 days).
- Average speed at TRY 1400: About 30 hours (~1.3 days).
Banks vs money transfer providers speed comparison: Banks take 22 hours longer on average than money transfer providers.
In many cases, the fastest providers are not always the cheapest, so balancing speed and cost is important when you transfer TRY to Bulgaria.
🛠️ How to use this insight: If you need to send money from Turkey to Bulgaria in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Bulgaria.
Transfer speed for Turkey to Bulgaria money transfers can vary widely across providers. For time-sensitive transfers, compare speed alongside cost and choose faster payment and delivery methods.
Frequently Asked Questions: Sending money to Bulgaria from Turkey
These FAQs use data from RemitFinder's historical analysis of Turkey to Bulgaria money transfers over several years.
What factors affect the total cost of sending money from Turkey to Bulgaria?
The total cost of your Turkish Lira to Euro money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect transferring money to Bulgaria from Turkey?
Historical Turkish Lira to Euro exchange rate markup ranges from -0.99% to 11.48%, a spread of 12.47 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can you get a better-than-market rate when you send Turkish Lira to Bulgaria?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative TRY to EUR remittance rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Exchange Rate vs Transfer Fee: What matters more when you send money to Bulgaria from Turkey?
Exchange rate markup ranges from -0.99% to 11.48% (a spread of 12.47 percentage points).
Transfer fees range from TRY 10.00 to TRY 1663.00, which equals roughly 290.00% on a TRY 570.00 transfer.
At both TRY 570.00 and TRY 1400.00, the transfer fee shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Turkey to Bulgaria money transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger TRY amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most EUR for your TRY.
How much can costs vary between providers when sending money from Turkey to Bulgaria?
Historical transfer cost ranges from 1.88% to 293.72% for TRY transfers to Bulgaria. That is a spread of 291.84 percentage points, indicating significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -0.99% to 11.48% (a spread of 12.47 percentage points). Thus, even small differences in FX margin can have a big impact on the final EUR payout.
Why do Money Transfer Providers charge different rates for Turkish Lira to Euro money transfers?
If you send the same Turkish Lira amount to Bulgaria via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final EUR payout in Bulgaria in a big way.
How stable are the costs to remit money to Bulgaria from Turkey?
When we analyzed the historical total cost for TRY to EUR transfers, we observed a range from 1.88% to 293.72% (291.84 percentage points difference), along with a variability (standard deviation) of 50.62%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -0.99% to 11.48% (12.47 percentage points difference), with a standard deviation of 2.13%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your Turkish Lira to Euro transfers.
Which Payment Method is the cheapest to send money from Turkey to Bulgaria?
Cash is the cheapest payment method in Turkey based on its average cost at 18.15% (compared to Bank Account Transfer at 60.53%, a difference of 42.38 percentage points).
Based on this, we recommend paying for your TRY transfer with Cash, and avoiding Bank Account Transfer if possible.
Which Delivery Method is cheapest when you remit money to Bulgaria from Turkey?
Cash Pickup is the cheapest delivery method in Bulgaria as it costs 17.46% (compared to Bank Deposit at 51.84%, a spread of 34.38 percentage points).
If your recipient in Bulgaria can accept Cash Pickup, we recommend choosing it as your preferred delivery option for Turkish Lira to Euro transfers.
Is Bank Deposit cheaper than Cash Pickup when you send money to Bulgaria from Turkey?
Cash Pickup is cheaper for Turkish Lira transfers to Bulgaria given its 51.84% average cost (versus 17.46% for Cash Pickup, a difference of 34.38 percentage points).
To save more, consider choosing the cheapest delivery option for Bulgaria.
What is the cheapest way to send money from Turkey to Bulgaria?
We evaluated 4 payment and delivery method combinations for Turkey to Bulgaria remittances.
Based on historical data, Bank Account Transfer → Cash Pickup is the cheapest combination with 11.61% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 62.24% cost. That is a difference of 50.63 percentage points between the cheapest and most expensive combinations.
Money transfer providers price payment and delivery methods for Turkey to Bulgaria remittances differently. As you compare options, look for the cheapest combination to maximize the value of your TRY to EUR transfers.
Does sending more money reduce the cost to transfer money to Bulgaria from Turkey?
Larger Turkish Lira to Euro transfers are cheaper on average.
The cost of a TRY 570 transfer averages 44.70% as compared to 19.98% for a TRY 1400 transfer, a difference of 24.72 percentage points.
How long does it take to send TRY to EUR money transfers?
Based on our analysis, the average transfer time for Turkish Lira to Euro transfers is 30 hours (~1.3 days), with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).
Can you instantly transfer money from Turkey to Bulgaria?
Yes, historical data shows that some transfers to Bulgaria from Turkey can complete in less than one hour.
Note that the actual speed of your TRY to EUR transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Turkey to Bulgaria remittances?
Banks in Turkey are more expensive than money transfer providers.
The average cost of banks is 76.94% compared to 21.00% for money transfer providers in Turkey, a difference of 55.94 percentage points.
Why do banks charge more to remit money from Turkey to Bulgaria?
Bank transfers in Turkey cost 76.94% compared to 21.00% for money transfer companies.
The difference is often due to the fact that banks in Turkey provide lower exchange rates and charge higher wire transfer fees.
How competitive is the market for sending money from Turkey to Bulgaria?
Based on historical data, the competition level in Turkey to Bulgaria is considered competitive with 13 active providers.
Money transfer providers represent about 61.5% of identified providers in Turkey.
Can you overpay if you do not compare providers before transferring money to Bulgaria from Turkey?
Historically, total TRY to EUR transfer cost has varied by 291.84 percentage points. On a TRY 570 transfer, that can translate to TRY 1663.49 in savings.
Turkish Lira to Euro exchange rate markup also varies across providers. The average markup spread has been about 12.47 percentage points. On a TRY 570 transfer, that could be TRY 71.08 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about TRY 1653.00 across providers.
That is why comparing providers can materially change how much of the TRY you send your recipient receives in Bulgaria.
Latest Exchange Rates for Sending Money to Bulgaria from Turkey
Here are some latest TRY to EUR (Turkish Lira to Euro) exchange rates for popular conversion amounts*.
| 1 TRY | 0.02 EUR |
| 5 TRY | 0.10 EUR |
| 10 TRY | 0.19 EUR |
| 25 TRY | 0.48 EUR |
| 50 TRY | 0.95 EUR |
| 100 TRY | 1.90 EUR |
| 150 TRY | 2.85 EUR |
| 200 TRY | 3.80 EUR |
| 250 TRY | 4.75 EUR |
| 300 TRY | 5.70 EUR |
| 400 TRY | 7.60 EUR |
| 500 TRY | 9.50 EUR |
| 600 TRY | 11.40 EUR |
| 700 TRY | 13.30 EUR |
| 800 TRY | 15.20 EUR |
| 1000 TRY | 19.00 EUR |
| 1500 TRY | 28.50 EUR |
| 2000 TRY | 38.00 EUR |
| 2500 TRY | 47.50 EUR |
| 3000 TRY | 57.00 EUR |
| 4000 TRY | 76.00 EUR |
| 5000 TRY | 95.00 EUR |
| 10000 TRY | 190.00 EUR |
| 15000 TRY | 285.00 EUR |
| 20000 TRY | 380.00 EUR |
| 30000 TRY | 570.00 EUR |
| 40000 TRY | 760.00 EUR |
| 50000 TRY | 950.00 EUR |
| 100000 TRY | 1,900.00 EUR |
*Based on the Mid-market Exchange Rate
1 Based on 236 pricing observations across 13 firms over the last 5 years for a TRY 570 money transfer from Turkey to Bulgaria. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Turkey to Bulgaria remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.