Value of 1957 Turkish Lira today

₺100 in 1957

₺679,160,662.07 in 2019

The inflation rate in Turkey between 1957 and today has been 679,160,562.07%, which translates into a total increase of ₺679,160,562.07. This means that 100 lira in 1957 are equivalent to 679,160,662.07 lira in 2019. In other words, the purchasing power of ₺100 in 1957 equals ₺679,160,662.07 today. The average annual inflation rate has been 28.36%.

Inflation timeline in Turkey (1957-2019)

The following chart depicts the equivalence of ₺100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1957-2019) 672,711,312.56%
Total Inflation* 679,160,562.07%
Annual inflation avg. (1957-2019) 28.86%
Annual inflation avg.* 28.36%
CPI 1957 0
CPI 2019 151.15
CPI today* 152.6
₺1 in 1957 ₺6,727,114.13 in 2019

* 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 62 years between 1957 and 2019 and the average inflation rate has been 28.3642%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.28)62 = ₺672,711,412.56

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 1957 was 0 and the CPI today is 152.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺672,711,412.56

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1957 ₺6,791,606.62 lira today
₺5 lira in 1957 ₺33,958,033.1 lira today
₺10 lira in 1957 ₺67,916,066.21 lira today
₺50 lira in 1957 ₺339,580,331.03 lira today
₺100 lira in 1957 ₺679,160,662.07 lira today
₺500 lira in 1957 ₺3,395,803,310.34 lira today
₺1,000 lira in 1957 ₺6,791,606,620.68 lira today
₺5,000 lira in 1957 ₺33,958,033,103.38 lira today
₺10,000 lira in 1957 ₺67,916,066,206.76 lira today
₺50,000 lira in 1957 ₺339,580,331,033.81 lira today
₺100,000 lira in 1957 ₺679,160,662,067.62 lira today
₺500,000 lira in 1957 ₺3,395,803,310,338.09 lira today
₺1,000,000 lira in 1957 ₺6,791,606,620,676.18 lira today

Value of Lira in time (by year)

Period Value
1957 100
1958 113.67
1959 142.45
1960 166.91
1961 162.59
1962 172.66
1963 181.29
1964 189.21
1965 192.09
1966 202.88
1967 225.18
1968 253.24
1969 267.3
1970 283.18
1971 309.46
1972 381.86
1973 423.83
1974 507.58
1975 632.53
1976 735.37
1977 877.53
1978 1,287.94
1979 1,983.05
1980 3,605.97
1981 6,313.04
1982 8,118.39
1983 10,524.86
1984 14,425.24
1985 21,592.26
1986 31,134.62
1987 40,683.82
1988 63,080.76
1989 101,916.63
1990 167,427.62
1991 268,575.78
1992 459,633.45
1993 762,837.85
1994 1,305,032.24
1995 2,875,129.84
1996 5,061,582.35
1997 9,098,593.18
1998 18,114,793.2
1999 30,745,508.28
2000 51,895,981.59
2001 72,152,867.72
2002 121,600,464.64
2003 157,775,122.28
2004 177,827,549.84
2005 194,462,617.55
2006 209,475,145.87
2007 229,696,783.58
2008 248,961,996.7
2009 274,017,027.83
2010 291,898,829.95
2011 310,583,378.95
2012 343,033,677.36
2013 364,177,559.4
2014 391,128,394.11
2015 423,083,390.08
2016 460,349,991.77
2017 499,631,938.97
2018 559,186,616.29
2019 672,711,412.56
Today 679,160,662.07