How to send money to South Africa from Turkey with the best TRY-ZAR rate

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

Right now, for TRY/ZAR

• Wise is our top choice for TRY to ZAR transfers. Transferring 250,000 TRY to ZAR will cost you ₺1796.89 in fees, and your recipient will get 87,845.04 ZAR.

• Currencies Direct offers the cheapest combination of low fees and competitive exchange rates of the 4 providers we compared. They offer a fee of 0 TRY and exchange rate between TRY-ZAR that is 0.52% different to the mid-market rate.

• Fastest money transfers from Turkey to South Africa is with Wise. Based on our recent data, transfer time for a ₺250,000 transfer to South Africa with Wise is same day. This can vary by amount and method, but it is a good point of reference.

The 4 providers we've compared ensures you will get the best options for your transfer to South Africa 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 South Africa.

The exchange rate determines how much Rand 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 South Africa.

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

• The Mid-Market and Exchange Rates: The current TRY-ZAR mid-market rate is 0.3562 ZAR per Turkish Lira. You will get more Rand for your Turkish Liras if you find a provider close to this number.

• Fees: Transfer fees are charged as part of the transfer. Currencies Direct charges 0 TRY per transfer, which is currently the best deal on transfers to South Africa. 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 Rand eventually received in South Africa. You can assume that a lower cost of sending from Turkey will result in more money received in South Africa.

The current rate between the Turkish Lira and Rand is 0.3562.

With currencies, the exchange fluctuates constantly, and the TRY-ZAR 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 ZAR for the same amount of Turkish Lira.

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

The most cost effective way to send money from Turkey to South Africa is via a bank transfer. Currencies Direct is the company offering the best price for a bank transfer.

Here are all the ways to send money from Turkey to South Africa:

Bank transfers

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

By opting for a money transfer company such as Currencies Direct for transfers from Turkey to South Africa, 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 South Africa is easy with .


is a market leader in debit card payments for transfers from Turkey to South Africa, this is among a total of 4 money transfer companies compared.

Credit cards

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

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

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

Some companies offering money transfers between Turkey and South Africa 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-ZAR 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 South Africa, it’s best to check any changes in fees and rates every time you send.

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

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

Receiving Rand in South Africa 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 South Africa will cater for every method for incoming Rand, 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 South Africa. This is because it means the recipient in South Africa has to do very little. Wise is the best company for bank transfers between Turkey and South Africa.

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 South Africa and are popular because of convenience, but they come with more limitations and higher costs compared to money transfer providers like Currencies Direct.

When using a money transfer provider to send Turkish Liras to South Africa, 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 South Africa, both can also be used there as well.

Large transactions between Turkey and South Africa 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 South Africa 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 South Africa.

Transfers into Rand may need to be reported to tax authorities in South Africa 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 South Africa, as well as personal allowances will change. When in doubt, we’d recommend contacting a tax professional in Turkey or South Africa to discuss your personal circumstances. This ensure you are not missing any specific tax declarations associated with your circumstances.