Compare today's TRY to EUR (Turkish Lira to Euro) exchange rates
📈 Turkey to Bulgaria Money Transfer Snapshot Today
- Best TRY to EUR exchange rate today: EUR 0.0196, offered by Regency FX
- Number of money transfer providers compared: 7
- Exchange rate range: EUR 0.0168 to EUR 0.0196
- Potential savings on TRY 1000: EUR 2.80
- Number of deals and promo codes: 1
- 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 0.0196 (Updated about an hour ago)
See detailed Turkey to Bulgaria money transfer comparison below.
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 today's TRY-EUR exchange rates mean for you
Compare today's TRY-EUR exchange rates and send money from Turkey to Bulgaria after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 7 providers that you can rely on for Turkey to Bulgaria money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Turkey to Bulgaria Providers
🥇 Regency FX with 1 TRY = 0.0196 EUR (best TRY to EUR exchange rate today).
🥈 Key Currency offering 1 TRY = 0.0196 EUR.
🥉 Cambridge Currencies & Currencyflow are also providing good FX rate today.
The exchange rate provided by these 7 providers ranges from EUR 0.0168 to EUR 0.0196. For a TRY 1000 money transfer from Turkey to Bulgaria, that could mean up to EUR 2.80 saved on FX alone.
TRY-EUR exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final EUR payout that your recipient gets in Bulgaria.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Turkey to Bulgaria remittances.
🔄 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.
👇 We also suggest looking beyond today's TRY-EUR exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst TRY-EUR 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 Turkey to Bulgaria historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your EUR payout.
Data-driven cost insights for Turkey to Bulgaria money transfers
When you send money internationally from Turkey to Bulgaria, the key factors that will influence the overall cost of your transaction are:
- TRY-EUR exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum EUR payout for your overseas recipient in Bulgaria.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Turkey to Bulgaria, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Turkey to Bulgaria money transfers to compare 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 data-driven approach using real TRY-EUR transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Turkey to Bulgaria money transfers
- 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 provide detailed data-driven insights on various factors that influence the total cost of your Turkey to Bulgaria money transfers.
📈 TRY to EUR exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Turkey to Bulgaria money transfers is usually the single biggest factor that will determine your overall TRY cost and your recipient's EUR payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a TRY 570 money transfer benchmark, we see the following FX markup ranges for 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, the above markup range is equivalent to roughly EUR 71.08 purely from differences in the exchange rate. That incremental saving increases to EUR 174.58 for a TRY 1400 transfer.
🛠️ 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.
TRY to EUR exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Turkey to Bulgaria remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Turkish Lira reaches your recipient in Bulgaria.
Based on data from last 5 years, we notice the below about 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 amount of TRY 244.73 noted above represents 42.94% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by TRY 1,653.00.
🛠️ How to use this insight: For your next money transfer from Turkey to Euro, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for TRY-EUR remittances
Based on our detailed analysis of historical Turkey to Bulgaria data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
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 total spread of 42.38 percentage points.
This means that on a TRY 570 transfer, you could save up to TRY 241.56 simply by choosing the best priced payment method.
These savings will only multiply for higher TRY amounts.
Here is the average cost of popular delivery methods used to send money from Turkey to Bulgaria:
- Cash Pickup: 17.46%
- Bank Deposit: 51.84%
The cost difference between the above delivery methods is 34.38 percentage points.
Once again, this means that you could save up to TRY 195.97 on a TRY 570 transfer to Bulgaria by choosing Cash Pickup versus Bank Deposit.
As you can imagine, the possible combinations of Turkey payment methods and Bulgaria delivery methods will all have disparate cost. Let us look at that next.
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).
As you can see, the difference between these TRY-EUR payment and delivery options is significant. Here are some observations:
- Bank Account Transfer → Cash Pickup has the lowest average cost at 11.61%.
- Bank Account Transfer → Bank Deposit has the highest average cost at 62.24%.
- Bank Account Transfer → Cash Pickup average cost is 50.63 percentage points lower than that of Bank Account Transfer → Bank Deposit.
- This means that on a TRY 570 money transfer, you could save up to TRY 354.78 simply by choosing the best payment and delivery method combo.
- Further, on a TRY 1400 money transfer, the 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 and delivery methods (data-backed)
- Cheapest payment method: Cash averaged 18.15%, compared to 60.53% for Bank Account Transfer, a difference of 42.38 percentage points.
- Cheapest delivery method: Cash Pickup averaged 17.46%, compared to 51.84% for Bank Deposit (34.38 percentage points higher).
- Cheapest combo: Bank Account Transfer → Cash Pickup averaged 11.61%, which is 50.63 percentage points lower than 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 most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for TRY-EUR remittances?
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 tend to be approximately 3.66x more expensive than money transfer companies.
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 to send money overseas with your bank in Turkey, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of TRY-EUR money transfers?
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) tends to be 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 Turkey to Bulgaria remittance market?
Based on data from the last 5 years, TRY-EUR money transfers are provided on an average by 13 remittance companies. With around 13 providers serving this market, we consider the level of competition to be competitive.
Traditional banks have represented only 38.5% of active providers in this corridor (5 out of 13), meaning money transfer companies make up the majority.
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.
⏱️ How fast are TRY-EUR money transfers?
If your recipient in Bulgaria needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Turkey to Bulgaria transfers when it comes to processing time:
- 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.
🛠️ 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.
Turkey to Bulgaria transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Turkey to Bulgaria money transfers
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 TRY-EUR 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 Turkey to Bulgaria transfers?
Historical TRY to EUR 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 TRY-EUR exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative TRY-EUR exchange 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.
Is the exchange rate or the transfer fee more important for Turkey to Bulgaria transfers?
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 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 Turkey to Bulgaria transfer costs vary between providers?
Historical transfer cost ranges from 1.88% to 293.72% for TRY transfers to Bulgaria. That is a spread of 291.84 percentage points, meaning 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 various money transfer providers price TRY to Bulgaria transfers differently?
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 transfer costs in the Turkey to Bulgaria corridor?
When we analyzed the historical total cost for TRY-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 TRY-EUR transfers.
Which payment method is cheapest for Turkey to Bulgaria remittances?
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 for TRY-EUR money transfers?
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 TRY-EUR transfers.
Is Bank Deposit cheaper than Cash Pickup for Turkey to Bulgaria transfers?
Cash Pickup is cheaper for 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 tend to price payment and delivery methods for Turkey to Bulgaria remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your TRY-EUR transfers.
Does sending more money reduce the cost for Turkey to Bulgaria transfers?
Larger TRY-EUR 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 money from Turkey to Bulgaria?
Based on our analysis, the average transfer time for TRY-EUR 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).
Are instant transfers available 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-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?
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 for Turkey to Bulgaria transfers?
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 provider lower exchange rates and charge high wire transfer fees.
How competitive is the Turkey to Bulgaria remittance market?
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.
Do I risk overpaying if I do not compare providers for Turkey to Bulgaria?
Historically, total TRY-EUR transfer cost has varied by 291.84 percentage points. On a TRY 570 transfer, that can translate to TRY 1663.49 in savings.
TRY-EUR 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 does your recipient receive in Bulgaria in Bulgaria.
Latest TRY to EUR Conversion Rates
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 | 0.20 EUR |
| 25 TRY | 0.49 EUR |
| 50 TRY | 0.98 EUR |
| 100 TRY | 1.96 EUR |
| 150 TRY | 2.94 EUR |
| 200 TRY | 3.92 EUR |
| 250 TRY | 4.90 EUR |
| 300 TRY | 5.88 EUR |
| 400 TRY | 7.84 EUR |
| 500 TRY | 9.80 EUR |
| 600 TRY | 11.76 EUR |
| 700 TRY | 13.72 EUR |
| 800 TRY | 15.68 EUR |
| 1000 TRY | 19.60 EUR |
| 1500 TRY | 29.40 EUR |
| 2000 TRY | 39.20 EUR |
| 2500 TRY | 49.00 EUR |
| 3000 TRY | 58.80 EUR |
| 4000 TRY | 78.40 EUR |
| 5000 TRY | 98.00 EUR |
| 10000 TRY | 196.00 EUR |
| 15000 TRY | 294.00 EUR |
| 20000 TRY | 392.00 EUR |
| 30000 TRY | 588.00 EUR |
| 40000 TRY | 784.00 EUR |
| 50000 TRY | 980.00 EUR |
| 100000 TRY | 1,960.00 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.