Value of 1955 Turkish Lira today

₺100 in 1955
₺4,747,032,441.38 in 2024

The inflation rate in Turkey between 1955 and today has been 4,747,032,341.38%, which translates into a total increase of ₺4,747,032,341.38. This means that 100 lira in 1955 are equivalent to 4,747,032,441.38 lira in 2024. In other words, the purchasing power of ₺100 in 1955 equals ₺4,747,032,441.38 today. The average annual inflation rate between these periods has been 29.2%.

Inflation timeline in Turkey (1955 - 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 (TRY) 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 1955-2023 2,974,487,058.46%
Cumulative inflation 1955-today 4,747,032,341.38%
Avg. Annual inflation 1955-2023 28.8%
CPI 1955 0
CPI 2023 571.37
CPI 2024-05 (latest official data) 875.66
CPI today 911.86

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 1955 and 2023, use the corresponding CPI values:

Value2023
=Value1955 ×
CPI2023/CPI1955
=₺ 100 ×
571.37/0.00002
₺2,974,487,158.46

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 911.86:

Valuetoday
=Value1955 ×
CPItoday/CPI1955
=₺ 100 ×
911.86/0.00002
₺4,747,032,441.38

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 68 years between 1955 and 2023 and the average inflation rate was 28.7962%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₺100 × (1 + 0.287962)68
₺2,974,487,158.46

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1955 ₺29,744,871.58 lira in 2023
₺5 lira in 1955 ₺148,724,357.92 lira in 2023
₺10 lira in 1955 ₺297,448,715.85 lira in 2023
₺50 lira in 1955 ₺1,487,243,579.23 lira in 2023
₺100 lira in 1955 ₺2,974,487,158.46 lira in 2023
₺500 lira in 1955 ₺14,872,435,792.32 lira in 2023
₺1,000 lira in 1955 ₺29,744,871,584.64 lira in 2023
₺5,000 lira in 1955 ₺148,724,357,923.18 lira in 2023
₺10,000 lira in 1955 ₺297,448,715,846.35 lira in 2023
₺50,000 lira in 1955 ₺1,487,243,579,231.77 lira in 2023
₺100,000 lira in 1955 ₺2,974,487,158,463.54 lira in 2023
₺500,000 lira in 1955 ₺14,872,435,792,317.71 lira in 2023
₺1,000,000 lira in 1955 ₺29,744,871,584,635.42 lira in 2023
Cumulative inflation From 1955 4,747,032,341.38%
Avg. annual inflation From 1955 29.2%
CPI 1955 0.00002
CPI today 911.86

Value of Lira over time (by year)

Period Value
1955 100
1956 114.52
1957 127.84
1958 143.69
1959 181.98
1960 192.29
1961 198.39
1962 206.1
1963 219.21
1964 221.67
1965 231.77
1966 251.4
1967 286.54
1968 303.86
1969 318.82
1970 344.09
1971 409.5
1972 472.63
1973 538.51
1974 667.2
1975 808.83
1976 950.02
1977 1,196.89
1978 1,937.72
1979 3,169.01
1980 6,156.15
1981 8,471.77
1982 10,940.23
1983 14,374.4
1984 21,330.52
1985 30,921.08
1986 41,622.89
1987 57,795.84
1988 97,564.91
1989 159,296.74
1990 255,358.83
1991 423,840.93
1992 720,852.3
1993 1,197,290.87
1994 2,457,020.74
1995 4,646,553.34
1996 8,382,947.71
1997 15,564,561.68
1998 28,738,616.75
1999 47,380,638.91
2000 73,399,916.19
2001 113,329,585.12
2002 164,287,227.7
2003 199,777,241.57
2004 216,954,628.39
2005 234,699,713.42
2006 257,224,395.67
2007 279,747,412.04
2008 308,964,634.04
2009 328,277,930.05
2010 356,399,684.53
2011 379,465,411.02
2012 413,205,894.07
2013 444,167,753.39
2014 483,496,927.25
2015 520,585,241.93
2016 561,061,265.07
2017 623,587,717.31
2018 725,435,014.04
2019 835,533,066.27
2020 938,127,923.41
2021 1,121,967,916.33
2022 1,933,250,039.69
2023 2,974,487,158.46
2024-05 4,558,579,635.23
Today 4,747,032,441.38

All available years

Today's value of turkish lira by year:

1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 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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