Value of 1987 Israeli New Shekels today

₪100 in 1987

₪589.74 in 2019

The inflation rate in Israel between 1987 and today has been 489.74%, which translates into a total increase of ₪489.74. This means that 100 new shekels in 1987 are equivalent to 589.74 new shekels in 2019. In other words, the purchasing power of ₪100 in 1987 equals ₪589.74 today. The average annual inflation rate has been 5.52%.

Inflation timeline in Israel (1987-2019)

The following chart depicts the equivalence of ₪100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchasing 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 (1987-2019) 489.41%
Total Inflation* 489.74%
Annual inflation avg. (1987-2019) 5.7%
Annual inflation avg.* 5.52%
CPI 1987 17.09
CPI 2019 100.7
CPI today* 100.76
₪1 in 1987 ₪5.89 in 2019

* 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 32 years between 1987 and 2019 and the average inflation rate has been 5.5245%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₪100 * (1 + 0.06)32 = ₪589.41

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 1987 was 17.09 and the CPI today is 100.76. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₪100 *
100.7/17.09
= ₪589.41

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1987 ₪5.9 new shekels today
₪5 new shekels in 1987 ₪29.49 new shekels today
₪10 new shekels in 1987 ₪58.97 new shekels today
₪50 new shekels in 1987 ₪294.87 new shekels today
₪100 new shekels in 1987 ₪589.74 new shekels today
₪500 new shekels in 1987 ₪2,948.7 new shekels today
₪1,000 new shekels in 1987 ₪5,897.41 new shekels today
₪5,000 new shekels in 1987 ₪29,487.05 new shekels today
₪10,000 new shekels in 1987 ₪58,974.1 new shekels today
₪50,000 new shekels in 1987 ₪294,870.49 new shekels today
₪100,000 new shekels in 1987 ₪589,740.98 new shekels today
₪500,000 new shekels in 1987 ₪2,948,704.91 new shekels today
₪1,000,000 new shekels in 1987 ₪5,897,409.82 new shekels today

Value of New Shekel in time (by year)

Period Value
1987 100
1988 115.88
1989 135.88
1990 162.94
1991 192.35
1992 226.47
1993 248.24
1994 275.29
1995 315.88
1996 340.59
1997 377.65
1998 404.12
1999 438.82
2000 444.12
2001 444.12
2002 450.59
2003 480
2004 471.18
2005 477.06
2006 488.24
2007 487.65
2008 504.12
2009 523.53
2010 543.53
2011 558.82
2012 570.59
2013 579.41
2014 590.59
2015 589.41
2016 583.53
2017 582.35
2018 584.71
2019 589.41
Today 589.74