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Currency exchange Office that doesn't charge a "komisyon" in Istanbul?

Currency exchange Office that doesn't charge a "komisyon" in Istanbul?

Jan 23rd, 2010, 11:26 AM
  #21  
P_M
 
Join Date: Feb 2004
Posts: 22,720
It's cool ohterchelebi, I'm glad you chimed in to offer your expertise as a local.
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Jan 23rd, 2010, 11:35 AM
  #22  
 
Join Date: Feb 2003
Posts: 7,525
It makes sense that some countries might want US$, and would be willing to offer a better deal. Good info for when I go back
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Jan 23rd, 2010, 02:12 PM
  #23  
 
Join Date: Mar 2003
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Michel_Paris
Are you the guide reccomended to us by Dennis of Benicia-If you are hi-How have you been.
Lots of fond memories my husband & I had in Paris
Chris & Don
lgnutah-Welcome to this site-You will have a wonderful time in Istanbul
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Jan 24th, 2010, 02:45 AM
  #24  
 
Join Date: Apr 2005
Posts: 6
In my experience, currency exchange offices (döviz bürosu) patronized mostly by Turks (not tourists) have competitive exchange rates, and may save you money over ATM transactions if for some reason you prefer to change cash rather than withdraw money from your home account via ATM.

Although it is true that in some place (Paris, for example), exchanging cash may cost you 8% to 10% of your money, that is not the case in Turkey because much local commerce is still carried on in cash.

It's easy enough to compare exchange rates: look at the rates posted in various döviz bürolari, confirm that they do not charge commission, and choose the one at which you get the most for your money. If one office will sell you TL1.48 for US$1, and another will sell you TL1.51, you'll receive more for your dollar at the second one.

Döviz bürolari in Sultanahmet and Taksim Square are convenient, but generally have worse rates than those in market areas (Grand Bazaar, Egyptian [Spice] Market, etc.) where most of the people changing money are Turks. Look at this map for a location near the Egyptian (Spice) Market where you may find a good döviz bürosu:

http://maps.google.com/maps/ms?sourc...769c951becc77e

There's more info here:

http://www.turkeytravelplanner.com/d...yExchange.html

Tom Brosnahan
TurkeyTravelPlanner.com
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