Money and Costs

Tour Details

Money and Costs

Turkish Lira is available in the following denominations: Banknotes: 5, 10, 20, 50 &100 TL Coins: 1, 5, 10, 25 & 50 Kuruş and 1 TL You can obtain currency before travelling to Turkey or upon arrival. Exchange rates are usually slightly better in Turkey and all international airports have exchange facilities. Usually, cash can be exchanged without charging commission in exchange offices, banks or hotels. Please note that Scottish notes are not accepted in Turkey. Travellers’ cheques can be exchanged in banks only. Cash point machines (ATM) are available in most areas, which accept major credit and debit cards and give instructions in English. It may be a good idea to inform your bank in advance that you are travelling to Turkey as some will automatically put a stop on cards after the first usage in an attempt to combat fraud. Exchange rates are published daily in Turkish newspapers. If you are planning to exchange currency back from TL before leaving the country, or are making a major purchase, which may need to be declared to customs, you will need to keep your transaction receipts in order to show that the currency has been legally exchanged.

Turkey is no longer Europe’s bargain-basement destination, but it still offers good value for money. Costs are lowest in eastern Anatolia, and Cappadocia, Selçuk, Pamukkale and Olympos still offer bargain prices. Prices are highest in İstanbul, İzmir, Ankara and the touristy coastal cities and towns. In these places you can get by on €30 to €40 per person per day, provided you use public transport, stay in pensions, share bathrooms and eat out at a basic eatery once a day (add extra for entry to sights). Away from İstanbul, and the Aegean and Mediterranean coasts, budget travellers can travel on as little as €25 to €35 per day. Throughout the country for €35 to €55 per day you can upgrade to midrange hotels with private bathrooms and eat most meals in restaurants. On more than €55 per day you can enjoy Turkey’s boutique hotels, take occasional flights, and wine and dine out every day. Although inflation has dropped from the stratospheric levels of the 1990s to around 9%, if we quoted Turkish new lira, prices would probably be out of date before long.

International credit and debit cards are widely accepted in shops and restaurants throughout Turkey. However it is advisable also to carry cash for the smaller shops and cafes, particularly in more rural areas.


In the cheapest restaurants locals leave a few coins in the change tray. Elsewhere you should tip about 10% to 15% of the bill. Some more expensive restaurants automatically add a 10% or 15% servis ücreti (service charge) to your bill, but there’s no guarantee this goes to the staff, so you may want to tip the staff directly.

Tips are not expected in cheaper hotels. In more expensive places a porter will carry your luggage and show you to your room. For doing this (and showing you how to turn on the lights and the television) he’ll expect about 3% of the room price.

It’s usual to round up metered taxi fares to the nearest 50 kuruş, so round up YTL4.70 to YTL5. Dolmuş drivers never expect a tip.

In Turkish baths you should tip around 10% to 20% to the masseuse/masseur. In the tourist-oriented hamams the fixed price may already be so high that you may assume that service is included, but it usually isn’t and a tip is appreciated.

If you are shown around a site that is not normally open to the public or are given a guided tour by the custodian, you should certainly tip them for their trouble. A few YTL for 10 or so minutes is usually fine.

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Turkey Tour Guide
Kucukayasofya Mh. Sultanahmet Istanbul9034122 Turkey 
 • +90 212 518 03 20