The true CHF/TRY rate
The interbank (mid-market) rate, with no inflated margin hidden inside the displayed rate.
Exchange your Swiss francs (CHF) for Turkish lira (TRY) at the real interbank rate, in real time. Ideal for sending money to Turkey — family, property purchase, spending on the ground — with a margin from 0.40% and no hidden fees.
The essentials to exchange your CHF for TRY with no nasty surprises on the rate or the fees.
The interbank (mid-market) rate, with no inflated margin hidden inside the displayed rate.
Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.
Manage your Swiss francs from an IBAN in your name before sending your funds to Turkey.
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, recognised by FINMA.
On a transfer of CHF 5'000 to Turkey, the margin applied to the rate makes all the difference to the amount received.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | "In-house" rate | "In-house" rate |
| Exchange margin | From 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | Transparent | Variable | — |
| Estimated cost* | ~CHF 20 | ~CHF 75 | > CHF 100 |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for a transfer of CHF 5'000 to Turkey. Correspondent bank fees may apply. See the details on our Rates page.
Follow the pair's trend to choose the right moment for your exchange.
Indicative amounts, ibani margin included, updated continuously.
100% digital sign-up in 5 minutes, with no opening or account maintenance fees.
Top up your personal Swiss IBAN in CHF, ready to be converted into Turkish lira.
ibani converts your CHF to TRY at the market rate and transfers the funds to an account in Turkey.
The rate between the Swiss franc (CHF) and the Turkish lira (TRY) pits two very different monetary dynamics against each other. On one side, the Swiss National Bank (SNB) safeguards price stability in Switzerland ; on the other, the central bank of Turkey (CBRT) conducts a policy confronted with high inflation.
The Swiss franc is a recognised safe-haven currency : low inflation, a stable economy and strong credibility of the SNB. Conversely, the Turkish lira has gone through a long phase of depreciation, fuelled by sustained inflation and by the CBRT's adjustments to its key rates. Over time, this asymmetry explains the underlying trend of CHF/TRY, generally oriented upward for the franc against the lira.
Key benchmarks : in 2025, the CBRT kept its key rates very high before starting a gradual easing cycle, while Turkish inflation remained a key variable. For the user sending CHF to Turkey, the volatility of the TRY makes tracking the real interbank rate particularly important when converting.
Written by Brice Delhome.
Over the long term, the CHF/TRY trend mainly reflects the depreciation of the Turkish lira. High inflation in Turkey and the monetary policy of the CBRT (central bank of Turkey) weigh on the TRY, while the Swiss franc retains its safe-haven status supported by the SNB (Swiss National Bank). The gap in interest rates and inflation between the two countries is the main driver of the pair.
There is no universally ideal moment. The CHF/TRY rate can be very volatile, because the Turkish lira reacts strongly to CBRT (central bank of Turkey) decisions and inflation releases. Monitor the real interbank rate continuously and trigger your exchange when the level suits your project in Turkey.
With ibani, you open an account for free and get a Swiss (CH) IBAN. You convert your Swiss francs to Turkish lira at the real market rate, then you send the funds to an account in Turkey. Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
ibani applies a transparent margin from 0.40% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. For transfers to Turkey, correspondent bank fees may apply depending on the banking route. It's up to 10× cheaper than a traditional bank.
✓ Real interbank rate · ✓ Margin from 0.40% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
Your money is handled with the utmost regulatory rigour.
ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name.
ibani SA is affiliated with SO-FIT as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority (FINMA).