Value of 1990 Israeli New Shekels today

₪100 in 1990
₪354.55 in 2022

The inflation rate in Israel between 1990 and today has been 254.55%, which translates into a total increase of ₪254.55. This means that 100 new shekels in 1990 are equivalent to 354.55 new shekels in 2022. In other words, the purchasing power of ₪100 in 1990 equals ₪354.55 today. The average annual inflation rate between these periods has been 4.03%.

Inflation timeline in Israel (1990 - 2022)

The following chart depicts the equivalence of ₪100 due to compound 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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1990-2021 235.65%
Cumulative inflation 1990-today 254.55%
Avg. Annual inflation 1990-2021 3.98%
CPI 1990 30.47
CPI 2021 102.27
CPI 2022-08 (latest official data) 107.66
CPI today 108.03

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 Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1990 and 2021, use the corresponding CPI values:

Value2021
=Value1990 ×
CPI2021/CPI1990
=₪ 100 ×
102.27/30.47
₪335.65

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 108.03:

Valuetoday
=Value1990 ×
CPItoday/CPI1990
=₪ 100 ×
108.03/30.47
₪354.55

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: 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 31 years between 1990 and 2021 and the average inflation rate was 3.9834%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₪100 × (1 + 0.039834)31
₪335.65

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1990 ₪3.36 new shekels in 2021
₪5 new shekels in 1990 ₪16.78 new shekels in 2021
₪10 new shekels in 1990 ₪33.56 new shekels in 2021
₪50 new shekels in 1990 ₪167.82 new shekels in 2021
₪100 new shekels in 1990 ₪335.65 new shekels in 2021
₪500 new shekels in 1990 ₪1,678.25 new shekels in 2021
₪1,000 new shekels in 1990 ₪3,356.49 new shekels in 2021
₪5,000 new shekels in 1990 ₪16,782.46 new shekels in 2021
₪10,000 new shekels in 1990 ₪33,564.91 new shekels in 2021
₪50,000 new shekels in 1990 ₪167,824.57 new shekels in 2021
₪100,000 new shekels in 1990 ₪335,649.15 new shekels in 2021
₪500,000 new shekels in 1990 ₪1,678,245.74 new shekels in 2021
₪1,000,000 new shekels in 1990 ₪3,356,491.49 new shekels in 2021
Cumulative inflation From 1990 254.55%
Avg. annual inflation From 1990 4.03%
CPI 1990 30.47
CPI today 108.03

Value of New Shekel over time (by year)

Period Value
1990 100
1991 119.02
1992 133.33
1993 147.97
1994 166.14
1995 182.66
1996 203.47
1997 221.7
1998 233.88
1999 245.99
2000 248.58
2001 251.45
2002 265.92
2003 267.85
2004 266.75
2005 270.25
2006 275.82
2007 277.09
2008 289.72
2009 299.39
2010 307.53
2011 318.22
2012 323.6
2013 328.7
2014 330.3
2015 328.21
2016 326.41
2017 327.21
2018 329.89
2019 332.67
2020 330.71
2021 335.65
2022-08 353.35
Today 354.55

All available years

Today's value of israeli new shekels by year:

1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

Other currencies: