Value of 1989 Israeli New Shekels today

₪100 in 1989

₪434 in 2019

The inflation rate in Israel between 1989 and today has been 334%, which translates into a total increase of ₪334. This means that 100 new shekels in 1989 are equivalent to 434 new shekels in 2019. In other words, the purchasing power of ₪100 in 1989 equals ₪434 today. The average annual inflation rate has been 4.85%.

Inflation timeline in Israel (1989-2019)

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 (1989-2019) 333.77%
Total Inflation* 334%
Annual inflation avg. (1989-2019) 5.01%
Annual inflation avg.* 4.85%
CPI 1989 23.22
CPI 2019 100.7
CPI today* 100.76
₪1 in 1989 ₪4.34 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 30 years between 1989 and 2019 and the average inflation rate has been 4.849%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₪100 * (1 + 0.05)30 = ₪433.77

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 1989 was 23.22 and the CPI today is 100.76. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₪100 *
100.7/23.22
= ₪433.77

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1989 ₪4.34 new shekels today
₪5 new shekels in 1989 ₪21.7 new shekels today
₪10 new shekels in 1989 ₪43.4 new shekels today
₪50 new shekels in 1989 ₪217 new shekels today
₪100 new shekels in 1989 ₪434 new shekels today
₪500 new shekels in 1989 ₪2,169.99 new shekels today
₪1,000 new shekels in 1989 ₪4,339.99 new shekels today
₪5,000 new shekels in 1989 ₪21,699.94 new shekels today
₪10,000 new shekels in 1989 ₪43,399.89 new shekels today
₪50,000 new shekels in 1989 ₪216,999.45 new shekels today
₪100,000 new shekels in 1989 ₪433,998.9 new shekels today
₪500,000 new shekels in 1989 ₪2,169,994.49 new shekels today
₪1,000,000 new shekels in 1989 ₪4,339,988.98 new shekels today

Value of New Shekel in time (by year)

Period Value
1989 100
1990 119.91
1991 141.56
1992 166.67
1993 182.68
1994 202.6
1995 232.47
1996 250.65
1997 277.92
1998 297.4
1999 322.94
2000 326.84
2001 326.84
2002 331.6
2003 353.25
2004 346.75
2005 351.08
2006 359.31
2007 358.87
2008 371
2009 385.28
2010 400
2011 411.26
2012 419.91
2013 426.41
2014 434.63
2015 433.77
2016 429.44
2017 428.57
2018 430.3
2019 433.77
Today 434