How to send money to Hong Kong from Turkey with the best TRY-HKD rate

Always compare ways to send money from Turkey to Hong Kong to get the best options for fees, speed, and reliability.

Right now, for TRY/HKD

• Wise is our top pick for sending TRY to HKD. Sending 250,000 TRY to Hong Kong Dollars will cost you ₺1379.89 in fees, and you will receive 41,933.51 HKD. The delivery time is within an hour.

• Cheapest way to send money to Hong Kong from Turkey is with Currencies Direct. The cost is made up of a fee of 0 TRY and an exchange rate for buying Hong Kong Dollar with Turkish Lira that is 0.51% different to the mid-market rate.

• Fastest way to transfer money from Turkey to Hong Kong is with Wise

Our analysis included 4 providers that operate between Turkey and Hong Kong.

Through this, you get a comprehensive view of all the options you have in Turkey when you need to send money to Hong Kong.

The exchange rate determines how many TRY the recipient will get in Hong Kong when you send Turkish Lira.

Today, the average exchange rate between Turkish Lira and Hong Kong Dollar is 0.1688. The company offering the best exchange rate is Wise.

The TRY-HKD rate fluctuates constantly, so timing your transfer to Hong Kong can help you save a lot of money.

The total cost of sending money to Hong Kong from Turkey is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for TRY-HKD is 0.1688 HKD per Turkish Lira.

• Fees: When sending money there may be additional fees. Currencies Direct offers the lowest fee of the 4 providers tested, costing 0 TRY per transfer (based on ₺250,000 transferred).

• Amount Received: When comparing providers, the best measure is the amount of Hong Kong Dollar eventually received in Hong Kong.

Sometimes, waiting a day or two can help you get more HKD for the same amount of TRY. You can also opt for a forward contract to lock in rates between Turkey and Hong Kong.

A bank transfer is the most cost effective option for sending money from Turkey to Hong Kong.

Here are all the ways to send money from Turkey to Hong Kong:

Bank transfers

The default option for sending money from Turkey to Hong Kong is often a bank transfer.

Using a money transfer company, such as Currencies Direct for transfers from Turkey to Hong Kong, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from Turkey to Hong Kong with a prepaid or debit card is easy with .


is a leader in accepting card payments for transfers between Turkey and Hong Kong.

Credit cards

When it comes to international credit card transfers from Turkey to Hong Kong, we recommend comparing your options to get the best deal.

Always choose providers that are regulated by financial authorities to ensure funds are safe when transferring from Turkey to Hong Kong.

If you don’t know what the key regulatory bodies for money transfers are between Turkey and Hong Kong, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer from Turkey to Hong Kong. This applies when receiving money in Hong Kong as well.

Different companies will offer different rates or lower fees for different transfer amounts.

For example, we recommend using Wise if you need to send large amounts of TRY to Hong Kong.

This being said, always check with the recipient and understand any declarations needed on large amounts of money leaving Turkey, or entering Hong Kong.

There are different ways to receive money in Hong Kong. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account.

If you (or the recipient) want a direct transfer to your bank account, Wise is the best money transfer company for bank transfers between Turkey and Hong Kong.

And if you need cash right away, check if cash pickup is an option for transfers between Turkey and Hong Kong.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Currencies Direct.

When you're sending or receiving money between Turkey and Hong Kong, you have to be ready to show some ID.

The exact documents you need might vary. Usually in Turkey this will be a government ID like a passport or driver's license. This will be similar if you need to open an account or collect cash in Hong Kong.

If you're making a big transaction between Turkey and Hong Kong, a provider may ask you for proof of address or may want to know where your money comes from.

Wise is a great option for sending from Turkey as the sign up process is pretty straightforward, even for larger transactions.

When sending large amounts of money between Turkey to Hong Kong there will be tax implications to consider.

Some TRY-HKD transfers may need to be reported to tax authorities, particularly where inheritance or property sales are involved.

Tax limits and personal allowances differ in Hong Kong based on age, income and a few other elements. When in doubt, please contact a tax professional in Turkey or Hong Kong to discuss your personal circumstances.