Value of 1990 Israeli New Shekels today

₪100 in 1990

₪363.17 in 2018

The inflation rate in Israel between 1990 and today has been 263.17%, which translates into a total increase of ₪263.17. This means that 100 new shekels in 1990 are equivalent to 363.17 new shekels in 2018. In other words, the purchasing power of ₪100 in 1990 equals ₪363.17 today. The average annual inflation rate has been 4.55%.

Inflation timeline in Israel (1990-2018)

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 (1990-2018) 258.18%
Total Inflation* 263.17%
Annual inflation avg. (1990-2018) 4.66%
Annual inflation avg.* 4.55%
CPI 1990 27.89
CPI 2018 99.89
CPI today* 101.29
₪1 in 1990 ₪3.58 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 28 years between 1990 and 2018 and the average inflation rate has been 4.5476%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₪100 * (1 + 0.05)28 = ₪358.18

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 1990 was 27.89 and the CPI today is 101.29. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₪100 *
99.89/27.89
= ₪358.18

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1990 ₪3.63 new shekels today
₪5 new shekels in 1990 ₪18.16 new shekels today
₪10 new shekels in 1990 ₪36.32 new shekels today
₪50 new shekels in 1990 ₪181.59 new shekels today
₪100 new shekels in 1990 ₪363.17 new shekels today
₪500 new shekels in 1990 ₪1,815.86 new shekels today
₪1,000 new shekels in 1990 ₪3,631.73 new shekels today
₪5,000 new shekels in 1990 ₪18,158.63 new shekels today
₪10,000 new shekels in 1990 ₪36,317.26 new shekels today
₪50,000 new shekels in 1990 ₪181,586.32 new shekels today
₪100,000 new shekels in 1990 ₪363,172.64 new shekels today
₪500,000 new shekels in 1990 ₪1,815,863.19 new shekels today
₪1,000,000 new shekels in 1990 ₪3,631,726.39 new shekels today

Value of New Shekel in time (by year)

Period Value
1990 100
1991 117.61
1992 138.83
1993 151.83
1994 168.91
1995 193.34
1996 209.01
1997 231.13
1998 247.29
1999 268.61
2000 272.23
2001 272.23
2002 276.02
2003 293.95
2004 288.54
2005 292.03
2006 298.99
2007 298.7
2008 308.78
2009 320.52
2010 333.1
2011 341.96
2012 349.41
2013 355.12
2014 361.66
2015 360.95
2016 357.47
2017 356.75
2018 358.18
Today 363.17