What’s the Best Way to Exchange Currency in Northern Cyprus?

If you're visiting or relocating to Northern Cyprus, one of the first practical questions you'll ask is:Where should I exchange my money for the best rate?

Here’s everything you need to know to make sure you’re getting good value on currency exchange.

💱 What Currency Is Used in Northern Cyprus?

The official currency is the Turkish Lira (TRY).However, euros, pounds, and US dollars are widely accepted in tourist areas, property markets, and by many businesses.

Still, for day-to-day purchases, it's best to use Turkish Lira—and to get it from a reliable source.

💳 Should You Use ATMs?

Yes—but with caution.

Pros:

• Convenient, 24/7 access

• Some banks offer fair exchange rates

Cons:

• Foreign cards often incur fees

• You may get a less favorable rate than at an exchange office

• Some ATMs in touristy areas add sneaky "commission fees" or give the worst rates

Tip: If using an ATM, choose one connected to a major Turkish bank, like:

• İşbank

• Ziraat Bank

• Garanti BBVA

• Türkiye Finans

🏦 Best Places to Exchange Currency

💠 Currency Exchange Offices (Döviz Bürosu)

These are your best option for cash exchange. Look for:

• Clear rate boards displayed outside

• No commission policies (ask first!)

• Competitive daily rates close to market average

Highly rated ones in Kyrenia, Nicosia, and Famagusta:

• Universal Exchange Office (Kyrenia)

• Cankan Döviz (Lefkoşa)

• Afroditi Exchange (Famagusta)

💠 Local Banks

You can also exchange currency at banks, but:

• Rates are less favorable

• Lines may be longer

• Not all branches do walk-in exchanges

❌ Avoid These Mistakes

• Airport exchange desks: Rates are notoriously poor

• Shops or restaurants offering currency exchange: Always worse than bureaus

• Black market offers: Unregulated, risky, and unnecessary

📲 Pro Tip: Use Exchange Rate Apps

Check rates before you go using:

• XE Currency

• Wise

• Google

• Or check live Turkish Lira exchange rates on whatsonintrnc.com

✅ Final Thoughts

For the best value, exchange your money at local döviz offices in the city or town you're staying.Avoid airport kiosks and unverified street offers, and you’ll keep more lira in your wallet.