Value of 1981 Israeli New Shekels today

₪100 in 1981

₪149,371.19 in 2018

The inflation rate in Israel between 1981 and today has been 149,271.19%, which translates into a total increase of ₪149,271.19. This means that 100 new shekels in 1981 are equivalent to 149,371.19 new shekels in 2018. In other words, the purchasing power of ₪100 in 1981 equals ₪149,371.19 today. The average annual inflation rate has been 21.21%.

Inflation timeline in Israel (1981-2018)

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 (1981-2018) 147,216.05%
Total Inflation* 149,271.19%
Annual inflation avg. (1981-2018) 21.79%
Annual inflation avg.* 21.21%
CPI 1981 0.07
CPI 2018 99.89
CPI today* 101.29
₪1 in 1981 ₪1,473.16 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 37 years between 1981 and 2018 and the average inflation rate has been 21.2086%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₪100 * (1 + 0.21)37 = ₪147,316.05

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 1981 was 0.07 and the CPI today is 101.29. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₪100 *
99.89/0.07
= ₪147,316.05

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1981 ₪1,493.71 new shekels today
₪5 new shekels in 1981 ₪7,468.56 new shekels today
₪10 new shekels in 1981 ₪14,937.12 new shekels today
₪50 new shekels in 1981 ₪74,685.59 new shekels today
₪100 new shekels in 1981 ₪149,371.19 new shekels today
₪500 new shekels in 1981 ₪746,855.95 new shekels today
₪1,000 new shekels in 1981 ₪1,493,711.89 new shekels today
₪5,000 new shekels in 1981 ₪7,468,559.45 new shekels today
₪10,000 new shekels in 1981 ₪14,937,118.9 new shekels today
₪50,000 new shekels in 1981 ₪74,685,594.51 new shekels today
₪100,000 new shekels in 1981 ₪149,371,189.02 new shekels today
₪500,000 new shekels in 1981 ₪746,855,945.11 new shekels today
₪1,000,000 new shekels in 1981 ₪1,493,711,890.21 new shekels today

Value of New Shekel in time (by year)

Period Value
1981 100
1982 201.49
1983 466.45
1984 1,355.93
1985 7,388.15
1986 21,069.17
1987 25,206.1
1988 29,270.61
1989 34,077.97
1990 41,129.53
1991 48,373.15
1992 57,098.43
1993 62,448.84
1994 69,472.96
1995 79,519
1996 85,962.9
1997 95,064.07
1998 101,707.27
1999 110,476.28
2000 111,966.66
2001 111,966.66
2002 113,526.92
2003 120,901.71
2004 118,676.87
2005 120,109.58
2006 122,975.01
2007 122,855.62
2008 126,997.83
2009 131,829.94
2010 137,001.49
2011 140,647.92
2012 143,711.79
2013 146,060.93
2014 148,748.92
2015 148,458.11
2016 147,025.86
2017 146,729.13
2018 147,316.05
Today 149,371.19