Question 1

How much purchasing power does 100 TRY in Istanbul represent in London?

Accepted Answer

Per World Bank PPP, 100 TRY in Istanbul (Turkey) has roughly the same spending power as 6 GBP in London (United Kingdom). This isn't a bank exchange rate — it's "how much local currency you'd need for the same standard of living".

Question 2

Why is this different from the exchange rate?

Accepted Answer

Bank rates reflect currency markets; PPP reflects domestic goods and services prices. The two often diverge meaningfully, especially between developed and developing economies.

Question 3

How accurate is the Istanbul–London comparison?

Accepted Answer

World Bank PPP data is country-level, so the same figure applies to every city in a country. Istanbul stands in for Turkey and London for United Kingdom. Monthly refresh with a 12-18 month publication lag.

Istanbul vs London — purchasing power

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