Value of 1980 Israeli New Shekels today

₪100 in 1980

₪347,960.04 in 2018

The inflation rate in Israel between 1980 and today has been 347,860.04%, which translates into a total increase of ₪347,860.04. This means that 100 new shekels in 1980 are equivalent to 347,960.04 new shekels in 2018. In other words, the purchasing power of ₪100 in 1980 equals ₪347,960.04 today. The average annual inflation rate has been 23.26%.

Inflation timeline in Israel (1980-2018)

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 (1980-2018) 343,072.6%
Total Inflation* 347,860.04%
Annual inflation avg. (1980-2018) 23.89%
Annual inflation avg.* 23.26%
CPI 1980 0.03
CPI 2018 99.89
CPI today* 101.29
₪1 in 1980 ₪3,431.73 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 38 years between 1980 and 2018 and the average inflation rate has been 23.2561%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₪100 * (1 + 0.23)38 = ₪343,172.6

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 1980 was 0.03 and the CPI today is 101.29. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₪100 *
99.89/0.03
= ₪343,172.6

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1980 ₪3,479.6 new shekels today
₪5 new shekels in 1980 ₪17,398 new shekels today
₪10 new shekels in 1980 ₪34,796 new shekels today
₪50 new shekels in 1980 ₪173,980.02 new shekels today
₪100 new shekels in 1980 ₪347,960.04 new shekels today
₪500 new shekels in 1980 ₪1,739,800.21 new shekels today
₪1,000 new shekels in 1980 ₪3,479,600.42 new shekels today
₪5,000 new shekels in 1980 ₪17,398,002.09 new shekels today
₪10,000 new shekels in 1980 ₪34,796,004.18 new shekels today
₪50,000 new shekels in 1980 ₪173,980,020.89 new shekels today
₪100,000 new shekels in 1980 ₪347,960,041.79 new shekels today
₪500,000 new shekels in 1980 ₪1,739,800,208.94 new shekels today
₪1,000,000 new shekels in 1980 ₪3,479,600,417.88 new shekels today

Value of New Shekel in time (by year)

Period Value
1980 100
1981 232.95
1982 469.36
1983 1,086.59
1984 3,158.63
1985 17,210.7
1986 49,080.62
1987 58,717.59
1988 68,185.85
1989 79,384.59
1990 95,811.19
1991 112,685.21
1992 133,010.74
1993 145,474.51
1994 161,837.18
1995 185,239.43
1996 200,250.5
1997 221,451.67
1998 236,926.99
1999 257,354.38
2000 260,826.23
2001 260,826.23
2002 264,460.85
2003 281,640.41
2004 276,457.66
2005 279,795.15
2006 286,470.18
2007 286,192.05
2008 295,841.32
2009 307,097.71
2010 319,144.84
2011 327,639.19
2012 334,776.47
2013 340,248.79
2014 346,510.47
2015 345,833.03
2016 342,496.59
2017 341,805.37
2018 343,172.6
Today 347,960.04