Value of 1993 Israeli New Shekels today

₪100 in 1993
₪241.32 in 2022

The inflation rate in Israel between 1993 and today has been 141.32%, which translates into a total increase of ₪141.32. This means that 100 new shekels in 1993 are equivalent to 241.32 new shekels in 2022. In other words, the purchasing power of ₪100 in 1993 equals ₪241.32 today. The average annual inflation rate between these periods has been 3.08%.

Inflation timeline in Israel (1993 - 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 1993-2021 126.83%
Cumulative inflation 1993-today 141.32%
Avg. Annual inflation 1993-2021 2.97%
CPI 1993 45.09
CPI 2021 102.27
CPI 2022-10 (latest official data) 108.47
CPI today 108.8

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 1993 and 2021, use the corresponding CPI values:

Value2021
=Value1993 ×
CPI2021/CPI1993
=₪ 100 ×
102.27/45.09
₪226.83

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 108.8:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=₪ 100 ×
108.8/45.09
₪241.32

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 28 years between 1993 and 2021 and the average inflation rate was 2.9683%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₪100 × (1 + 0.029683)28
₪226.83

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1993 ₪2.27 new shekels in 2021
₪5 new shekels in 1993 ₪11.34 new shekels in 2021
₪10 new shekels in 1993 ₪22.68 new shekels in 2021
₪50 new shekels in 1993 ₪113.42 new shekels in 2021
₪100 new shekels in 1993 ₪226.83 new shekels in 2021
₪500 new shekels in 1993 ₪1,134.15 new shekels in 2021
₪1,000 new shekels in 1993 ₪2,268.31 new shekels in 2021
₪5,000 new shekels in 1993 ₪11,341.53 new shekels in 2021
₪10,000 new shekels in 1993 ₪22,683.05 new shekels in 2021
₪50,000 new shekels in 1993 ₪113,415.25 new shekels in 2021
₪100,000 new shekels in 1993 ₪226,830.51 new shekels in 2021
₪500,000 new shekels in 1993 ₪1,134,152.54 new shekels in 2021
₪1,000,000 new shekels in 1993 ₪2,268,305.09 new shekels in 2021
Cumulative inflation From 1993 141.32%
Avg. annual inflation From 1993 3.08%
CPI 1993 45.09
CPI today 108.8

Value of New Shekel over time (by year)

Period Value
1993 100
1994 112.28
1995 123.44
1996 137.51
1997 149.82
1998 158.06
1999 166.24
2000 167.99
2001 169.93
2002 179.71
2003 181.01
2004 180.27
2005 182.63
2006 186.4
2007 187.26
2008 195.79
2009 202.33
2010 207.83
2011 215.05
2012 218.69
2013 222.14
2014 223.22
2015 221.8
2016 220.59
2017 221.13
2018 222.94
2019 224.82
2020 223.5
2021 226.83
2022-10 240.58
Today 241.32

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 |

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