Value of 1993 Israeli New Shekels today

₪100 in 1993

₪239.19 in 2018

The inflation rate in Israel between 1993 and today has been 139.19%, which translates into a total increase of ₪139.19. This means that 100 new shekels in 1993 are equivalent to 239.19 new shekels in 2018. In other words, the purchasing power of ₪100 in 1993 equals ₪239.19 today. The average annual inflation rate has been 3.41%.

Inflation timeline in Israel (1993-2018)

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 (1993-2018) 135.9%
Total Inflation* 139.19%
Annual inflation avg. (1993-2018) 3.49%
Annual inflation avg.* 3.41%
CPI 1993 42.35
CPI 2018 99.89
CPI today* 101.29
₪1 in 1993 ₪2.36 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 25 years between 1993 and 2018 and the average inflation rate has been 3.4111%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₪100 * (1 + 0.03)25 = ₪235.9

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 1993 was 42.35 and the CPI today is 101.29. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₪100 *
99.89/42.35
= ₪235.9

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1993 ₪2.39 new shekels today
₪5 new shekels in 1993 ₪11.96 new shekels today
₪10 new shekels in 1993 ₪23.92 new shekels today
₪50 new shekels in 1993 ₪119.59 new shekels today
₪100 new shekels in 1993 ₪239.19 new shekels today
₪500 new shekels in 1993 ₪1,195.95 new shekels today
₪1,000 new shekels in 1993 ₪2,391.9 new shekels today
₪5,000 new shekels in 1993 ₪11,959.48 new shekels today
₪10,000 new shekels in 1993 ₪23,918.97 new shekels today
₪50,000 new shekels in 1993 ₪119,594.85 new shekels today
₪100,000 new shekels in 1993 ₪239,189.69 new shekels today
₪500,000 new shekels in 1993 ₪1,195,948.46 new shekels today
₪1,000,000 new shekels in 1993 ₪2,391,896.92 new shekels today

Value of New Shekel in time (by year)

Period Value
1993 100
1994 111.25
1995 127.33
1996 137.65
1997 152.23
1998 162.86
1999 176.91
2000 179.29
2001 179.29
2002 181.79
2003 193.6
2004 190.04
2005 192.33
2006 196.92
2007 196.73
2008 203.36
2009 211.1
2010 219.38
2011 225.22
2012 230.13
2013 233.89
2014 238.19
2015 237.73
2016 235.43
2017 234.96
2018 235.9
Today 239.19