Value of 1994 Israeli New Shekels today

₪100 in 1994
₪225.97 in 2024

The inflation rate in Israel between 1994 and today has been 125.97%, which translates into a total increase of ₪125.97. This means that 100 new shekels in 1994 are equivalent to 225.97 new shekels in 2024. In other words, the purchasing power of ₪100 in 1994 equals ₪225.97 today. The average annual inflation rate between these periods has been 2.75%.

Inflation timeline in Israel (1994 - 2024)

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 1994-2023 119.83%
Cumulative inflation 1994-today 125.97%
Avg. Annual inflation 1994-2023 2.75%
CPI 1994 50.61
CPI 2023 111.25
CPI 2024-04 (latest official data) 114.12
CPI today 114.36

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 1994 and 2023, use the corresponding CPI values:

Value2023
=Value1994 ×
CPI2023/CPI1994
=₪ 100 ×
111.25/50.61
₪219.83

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.36:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=₪ 100 ×
114.36/50.61
₪225.97

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 29 years between 1994 and 2023 and the average inflation rate was 2.7533%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₪100 × (1 + 0.027533)29
₪219.83

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1994 ₪2.2 new shekels in 2023
₪5 new shekels in 1994 ₪10.99 new shekels in 2023
₪10 new shekels in 1994 ₪21.98 new shekels in 2023
₪50 new shekels in 1994 ₪109.91 new shekels in 2023
₪100 new shekels in 1994 ₪219.83 new shekels in 2023
₪500 new shekels in 1994 ₪1,099.14 new shekels in 2023
₪1,000 new shekels in 1994 ₪2,198.28 new shekels in 2023
₪5,000 new shekels in 1994 ₪10,991.38 new shekels in 2023
₪10,000 new shekels in 1994 ₪21,982.76 new shekels in 2023
₪50,000 new shekels in 1994 ₪109,913.81 new shekels in 2023
₪100,000 new shekels in 1994 ₪219,827.63 new shekels in 2023
₪500,000 new shekels in 1994 ₪1,099,138.14 new shekels in 2023
₪1,000,000 new shekels in 1994 ₪2,198,276.29 new shekels in 2023
Cumulative inflation From 1994 125.97%
Avg. annual inflation From 1994 2.75%
CPI 1994 50.61
CPI today 114.36

Value of New Shekel over time (by year)

Period Value
1994 100
1995 109.93
1996 122.48
1997 133.47
1998 140.8
1999 148.09
2000 149.62
2001 151.34
2002 160.08
2003 161.21
2004 160.59
2005 162.7
2006 166.06
2007 166.81
2008 174.41
2009 180.26
2010 185.11
2011 191.56
2012 194.78
2013 197.84
2014 198.79
2015 197.59
2016 196.5
2017 197.01
2018 198.58
2019 200.26
2020 199.03
2021 202.04
2022 210.92
2023 219.83
2024-04 225.49
Today 225.97

All available years

Today's value of israeli new shekels by year:

1970 | 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 | 2022 | 2023 |

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