Value of 1977 Israeli New Shekels today

Inflation timeline in Israel (1977-2018)

The following chart ilustrates the equivalence of ₪100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (ILS) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator	Value
Total Inflation (1977-2018)	1,531,702.29%
Total Inflation*	1,553,071.76%
Annual inflation avg. (1977-2018)	26.5%
Annual inflation avg.*	25.83%
CPI 1977	0.01
CPI 2018	99.89
CPI today*	101.29
₪1 in 1977	₪15,318.02 in 2018

* Values extrapolated from the last official data to obtain today's values.

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: FV = PV (1 + i)ⁿ, where:

FV: Future Value
PV: Present Value
i: Interest rate (inflation)
n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ₪100 worth today. There are 41 years between 1977 and 2018 and the average inflation rate has been 25.832%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)ⁿ = ₪100 * (1 + 0.26)⁴¹ = ₪1,531,802.29

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *

CPI final/CPI initial

In this case, the CPI in 1977 was 0.01 and the CPI today is 101.29. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₪100 *
99.89/0.01
= ₪1,531,802.29

Israel inflation - Conversion table

Initial Value		Equivalent value
₪1 new shekel in 1977		₪15,531.72 new shekels today
₪5 new shekels in 1977		₪77,658.59 new shekels today
₪10 new shekels in 1977		₪155,317.18 new shekels today
₪50 new shekels in 1977		₪776,585.88 new shekels today
₪100 new shekels in 1977		₪1,553,171.76 new shekels today
₪500 new shekels in 1977		₪7,765,858.78 new shekels today
₪1,000 new shekels in 1977		₪15,531,717.57 new shekels today
₪5,000 new shekels in 1977		₪77,658,587.83 new shekels today
₪10,000 new shekels in 1977		₪155,317,175.66 new shekels today
₪50,000 new shekels in 1977		₪776,585,878.28 new shekels today
₪100,000 new shekels in 1977		₪1,553,171,756.56 new shekels today
₪500,000 new shekels in 1977		₪7,765,858,782.8 new shekels today
₪1,000,000 new shekels in 1977		₪15,531,717,565.61 new shekels today

Value of New Shekel in time (by year)

Period	Value
1977	100
1978	142.54
1979	211.16
1980	446.36
1981	1,039.81
1982	2,095.07
1983	4,850.16
1984	14,099.04
1985	76,822.53
1986	219,078.69
1987	262,094.76
1988	304,357.76
1989	354,345.02
1990	427,667.61
1991	502,987.32
1992	593,713.38
1993	649,347.28
1994	722,384.5
1995	826,843.96
1996	893,848.12
1997	988,482.69
1998	1,057,559.1
1999	1,148,739.82
2000	1,164,236.95
2001	1,164,236.95
2002	1,180,460.61
2003	1,257,144.13
2004	1,234,010.15
2005	1,248,907.56
2006	1,278,702.54
2007	1,277,461.09
2008	1,320,532.05
2009	1,370,776.62
2010	1,424,550.8
2011	1,462,466.58
2012	1,494,324.92
2013	1,518,751.42
2014	1,546,701.39
2015	1,543,677.5
2016	1,528,784.84
2017	1,525,699.46
2018	1,531,802.29
Today	1,553,171.76