Where to exchange USD/EUR cash for Turkish lira in Istanbul (best exchange offices near Grand Bazaar, Laleli, Istiklal)?
From messages by 6 participants in 2 sources · Last activity: 21 days ago
From messages by 6 participants in 2 sources · Last activity: 21 days ago
TL;DR
The best rates are usually found at exchange offices on Laleli street across from the Grand Bazaar and along Istiklal Avenue — rates run roughly 46-53 TRY per USD, so it's worth comparing a couple of spots before exchanging.
In addition to the Grand Bazaar and Laleli, favorable exchange offices are recommended in Sirkeci; good rates can also be found inside the Grand Bazaar and near the Laleli tram stop.
As a reference, city cash-exchange rates were about 55 TRY per EUR; Global Exchange was quoted at roughly 42 TRY per EUR, possibly with a commission, and QNB at about 53 TRY per EUR.
An exchange office near the Grand Bazaar/Laleli area offered a rate close to bank rates — about 46.80 TRY per USD.
There are many exchange offices along Istiklal Avenue; one gave the best rate that day — 52.80 TRY per USD.
On Laleli street directly across from the Grand Bazaar, an exchange office offered 46,350 TRY per USD — the best rate found over several days of checking.
After checking several exchange offices around the Grand Bazaar and Laleli, the best one was at coordinates 41°00'34.25"N 28°57'20.07"E — 46,200 TRY per USD and 53,500 TRY per EUR.