How to send money to Hungary from Turkey with the best TRY-HUF rate

Comparing the different providers offering services between Turkey and Hungary, is the best way to send money with confidence.

Right now, for TRY/HUF

• Wise is our top choice for TRY to HUF transfers. Transferring 84,000 TRY to HUF will cost you ₺690.65 in fees, and your recipient will get 554,245 HUF.

• Wise offers the cheapest combination of low fees and competitive exchange rates of the 3 providers we compared. They offer a fee of 690.65 TRY and exchange rate between TRY-HUF that is -0.16% different to the mid-market rate.

• Fastest money transfers from Turkey to Hungary is with Wise. Based on our recent data, transfer time for a ₺84,000 transfer to Hungary with Wise is within minutes. This can vary by amount and method, but it is a good point of reference.

The 3 providers we've compared ensures you will get the best options for your transfer to Hungary from Turkey. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.

Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring Turkish Lira to Hungary.

The exchange rate determines how much Forint you will get for every Turkish Lira you want to send. A better exchange rate is the best way to save money on transfers from Turkey to Hungary.

Fees and exchange rates make up the total cost of sending money from Hungary to Hungary. Finding a company that can offer both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: The current TRY-HUF mid-market rate is 6.7269 HUF per Turkish Lira. You will get more Forint for your Turkish Liras if you find a provider close to this number.

• Fees: Transfer fees are charged as part of the transfer. Wise charges 690.65 TRY per transfer, which is currently the best deal on transfers to Hungary. We’d always recommend comparing providers for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount of Forint eventually received in Hungary. You can assume that a lower cost of sending from Turkey will result in more money received in Hungary.

The current rate between the Turkish Lira and Forint is 6.7269.

With currencies, the exchange fluctuates constantly, and the TRY-HUF exchange rate is no different. Tracking the rate and understanding the averages can help get a better deal.

Even waiting a day or two can help you get more HUF for the same amount of Turkish Lira.

Beyond this, a forward contract allows you to lock in an agreed exchange rate between Turkey and Hungary.

The most cost effective way to send money from Turkey to Hungary is via a bank transfer. Wise is the company offering the best price for a bank transfer.

Here are all the ways to send money from Turkey to Hungary:

Bank transfers

Bank transfers are often the fastest option, and normally the cheapest, for sending money from Turkey to Hungary.

By opting for a money transfer company such as Wise for transfers from Turkey to Hungary, you can send money via a bank transfer while benefiting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Using a debit card, or prepaid option, for sending money from Turkey to Hungary is easy with .


is a market leader in debit card payments for transfers from Turkey to Hungary, this is among a total of 3 money transfer companies compared.

Credit cards

When it comes to the credit card deposits, when sending money from Turkey to Hungary, we recommend comparing your options to get the best deal.

Regulations are important for keeping your money safe, Turkey and Hungary have different regulations to consider.

Our directory of worldwide financial regulators contains details on regulation for money transfers between Turkey and Hungary.

Some companies offering money transfers between Turkey and Hungary will come with minimum or maximum thresholds on how much you can send or receive and this could cause rates or fees to change.

Comparing TRY-HUF rates for your specific transfer amount will factor in these rates and fees changes, so you’ll get the best provider for your specific needs. For regular transfers from Turkey to Hungary, it’s best to check any changes in fees and rates every time you send.

For large transfers of money transfers from Turkey to Hungary we’d recommend Wise. They offer a competitive combination of rates and fees when sending from Turkey to Hungary, even at larger amounts.

Also, be sure to check with the recipient and understand any declarations needed on large amounts of money entering Hungary from Turkey.

Receiving Forint in Hungary has a few different options. The most popular ways to receive are through a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all companies offering money transfers from Turkey to Hungary will cater for every method for incoming Forint, so it’s best to check ahead of time.

One of the more popular ways is sending money from Turkey directly to a bank account in Hungary. This is because it means the recipient in Hungary has to do very little. Wise is the best company for bank transfers between Turkey and Hungary.

Whilst cash pickup is popular, it is not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Xoom, and CashApp operate in Hungary and are popular because of convenience, but they come with more limitations and higher costs compared to money transfer providers like Wise.

When using a money transfer provider to send Turkish Liras to Hungary, you will need to verify your ID at the sign up stage.

Documents needed will vary and in some cases you might need a couple of options.

Generally speaking, those in Turkey can verify through a government issued ID such as a driver’s license or passport. If the recipient needs an ID to collect money or open a multi-currency account in Hungary, both can also be used there as well.

Large transactions between Turkey and Hungary will be subject to additional security measures such as proving where the funds originated, these will be for anti-money laundering purposes.

Wise has scored highly for transfers to Hungary because of the easy sign up process in Turkey.

There will be tax declarations to consider when sending larger amounts of money between Turkey and Hungary.

Transfers into Forint may need to be reported to tax authorities in Hungary as well, where regular income, large amounts (such as property or inheritance) and business payments will all be subject to tax checks.

Based on the recipient, tax limits in Hungary, as well as personal allowances will change. When in doubt, we’d recommend contacting a tax professional in Turkey or Hungary to discuss your personal circumstances. This ensure you are not missing any specific tax declarations associated with your circumstances.