When traveling to Cappadocia region, it’s good to know a bit about the Turkey’s currency and how it works. The Turkish Lira (TRY) is the official currency, and while credit cards are widely accepted, cash is still preferred in smaller towns, local markets, and some family-run businesses.
Knowing where to exchange money, the best ways to withdraw cash, and useful money tips for tourists can help you avoid unnecessary fees and ensure you get the best rates.
This guide covers everything you need to know about handling money in Cappadocia, from exchange offices to payment methods and ATM tips.
Turkish Lira (TRY) & Currency Basics
Turkish Lira Denominations
- Banknotes: 5, 10, 20, 50, 100, and 200 TRY
- Coins (Kuruş): 1, 5, 10, 25, 50 kuruş (100 kuruş = 1 lira)
No Regrets Booking Advice
Exchange Rates & Checking Currency Value
Exchange rates fluctuate daily, so it’s best to check reliable sources such as:
- Google Currency Converter
- XE.com
- Turkish Banks (Ziraat Bank, Garanti BBVA, İş Bankası, Yapı Kredi)
Turkish Lira vs. Foreign Currencies
- Euro (€) and US Dollar ($) are sometimes accepted, but expect unfavorable exchange rates in tourist areas.
- Always pay in Turkish Lira to avoid unnecessary conversion fees.
Where to Exchange Money in Cappadocia
Exchanging money in Cappadocia is straightforward, but knowing the best places to do so can help you get the best exchange rates while avoiding unnecessary fees. Whether you’re arriving with foreign currency or need Turkish Lira for your trip, here’s where to exchange money efficiently.
Banks in Cappadocia
Banks offer reliable exchange rates, but the process can be time-consuming due to paperwork and possible wait times. Major Turkish banks like Ziraat Bankası, Garanti BBVA, İş Bankası, and VakıfBank have branches in major towns such as Ürgüp, Nevşehir, and Avanos.
They operate on weekdays from 9:00 AM to 5:00 PM, with a lunch break between 12:30 PM and 1:30 PM. Some banks may require a passport for currency exchange.
Pros:
- Competitive exchange rates
- Secure transactions
- Accepts major foreign currencies
Cons:
- Longer processing times
- Closed on weekends and public holidays
Exchange Offices (Döviz Bürosu)
Currency exchange offices, or “Döviz Bürosu”, are the most convenient places to exchange money in Cappadocia. They are located in Ürgüp, Göreme, and Nevşehir, and they generally offer better rates than airports and hotels. Unlike banks, they work extended hours, making them accessible for tourists.
Pros:
- Faster transactions
- Better exchange rates than airports or hotels
- No need for extensive paperwork
Cons:
- Slightly higher margins compared to banks
- Limited availability in smaller towns
ATMs for Currency Exchange
If you prefer not to carry too much cash, ATMs are a great option. Many ATMs in Cappadocia allow you to withdraw Turkish Lira directly using international debit and credit cards. Some banks, such as HSBC, Garanti BBVA, and Akbank, offer foreign currency withdrawals (USD, EUR) as well. Look for ATMs that support Mastercard, Visa, and Maestro.
Pros:
- Convenient and widely available
- Provides instant access to cash
- Some ATMs dispense USD or EUR
Cons:
- May include foreign transaction fees
- Exchange rates may not be as competitive
- Some machines may have withdrawal limits
Hotels and Tour Agencies
Some hotels and tour agencies in Cappadocia offer currency exchange services, but their rates are often less favorable than banks or exchange offices. If you need a quick exchange for small amounts, this could be an option, but it’s not recommended for larger transactions.
Pros:
- Convenient for small amounts
- No need to leave your hotel
Cons:
- Higher exchange margins
- Limited currency availability
Tips for Exchanging Money in Cappadocia
✔ Avoid exchanging money at airports—they offer lower rates.
✔ Use an exchange rate app (XE, Google Currency Converter) to check live rates before exchanging.
✔ Withdraw larger amounts from ATMs to minimize transaction fees.
✔ Carry some USD or EUR in cash as a backup in case of ATM issues.
Knowing where to exchange money in Cappadocia will help you maximize your spending while avoiding unnecessary fees. Plan ahead and choose the option that suits your travel needs best!
What should I do if I detect a counterfeit banknote?
When you suspect that a banknote is counterfeit, than we recommend you;
- Check the security features on the banknote,
- Compare it with a genuine banknote,
- Avoid damaging it with writing, drawing, piercing or tearing,
- Take it to the nearest Office of Chief Public Prosecutor or law enforcement officers and inform them where and whom the banknote came from.
- To report a counterfeit banknote, you can call the 155 Police Emergency line or 156 Gendarmerie Hotline. Note that any report of counterfeiting may be crucial to revealing a suspect or a counterfeiting ring.
ATMs & Withdrawing Cash in Cappadocia
Where to Find ATMs in Cappadocia
ATMs are available in major towns like Göreme, Ürgüp, Avanos, and Nevşehir. Look for machines from:
- Ziraat Bankası
- Garanti BBVA
- İş Bankası
- Halkbank
ATM Withdrawal Tips
✔️ Use ATMs inside banks for security.
✔️ Avoid DCC (Dynamic Currency Conversion) – always choose to be charged in TRY, not your home currency.
✔️ Check withdrawal limits (varies per bank, usually 2,000-5,000 TRY).
✔️ Beware of ATM fees (3-5% per transaction for foreign cards).
Credit Cards & Mobile Payments
Where Are Credit Cards Accepted?
- Hotels, restaurants, supermarkets, and tour agencies accept Visa & Mastercard.
- Markets, small cafes, and taxis often require cash payments.
Best Travel Cards for Cappadocia
- Revolut / Wise / N26 – Offers competitive exchange rates & no foreign transaction fees.
- Local Bank Cards – If staying long-term, consider opening a Turkish bank account.
Mobile Payment Options in Turkey
- Apple Pay & Google Pay: Not widely accepted.
- Turkish Bank Apps: GarantiPay, Papara, and Paycell are used locally.
Money-Saving Tips for Tourists in Cappadocia
Exchange only small amounts at the airport, then use ATMs or exchange offices.
Avoid paying in foreign currency – always use Turkish Lira for better rates.
Use a multi-currency travel card to avoid high exchange fees.
Ask for discounts when paying cash – some businesses offer better deals.
Tipping Culture in Cappadocia
Tipping is not mandatory but highly appreciated. Here’s what to expect:
Restaurants: 5-10% of the bill (in cash).
Hotel staff: 10-20 TRY for bellboys or housekeeping.
Tour guides & drivers: 50-100 TRY per person for good service.
Taxi drivers: Rounding up the fare is common (no need for large tips).
Tip in Turkish Lira, not foreign currency, as exchanging coins is difficult for locals.
Carrying & Storing Cash Safely
How to Protect Your Money
✔️ Carry only small amounts of cash daily.
✔️ Use a money belt or RFID wallet to protect against theft.
✔️ Keep emergency cash in a separate location from your main wallet.
✔️ Store your passport & valuables in hotel safes.
What to Do If You Lose Your Money?
Contact your bank immediately to block lost/stolen cards.
Withdraw emergency cash via Western Union or your bank’s international services.
File a report with local police if needed.
