Value of 1957 Turkish Lira today

₺100 in 1957
₺1,478,966,051.45 in 2022

The inflation rate in Turkey between 1957 and today has been 1,478,965,951.45%, which translates into a total increase of ₺1,478,965,951.45. This means that 100 lira in 1957 are equivalent to 1,478,966,051.45 lira in 2022. In other words, the purchasing power of ₺100 in 1957 equals ₺1,478,966,051.45 today. The average annual inflation rate between these periods has been 28.92%.

Inflation timeline in Turkey (1957 - 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 (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 1957-2021 877,633,568.61%
Cumulative inflation 1957-today 1,478,965,951.45%
Avg. Annual inflation 1957-2021 28.38%
CPI 1957 0
CPI 2021 215.52
CPI 2022-04 (latest official data) 347.21
CPI today 363.19

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 1957 and 2021, use the corresponding CPI values:

Value2021
=Value1957 ×
CPI2021/CPI1957
=₺ 100 ×
215.52/0.00002
₺877,633,668.61

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 363.19:

Valuetoday
=Value1957 ×
CPItoday/CPI1957
=₺ 100 ×
363.19/0.00002
₺1,478,966,051.45

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 64 years between 1957 and 2021 and the average inflation rate was 28.3776%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.283776)64
₺877,633,668.61

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1957 ₺8,776,336.69 lira in 2021
₺5 lira in 1957 ₺43,881,683.43 lira in 2021
₺10 lira in 1957 ₺87,763,366.86 lira in 2021
₺50 lira in 1957 ₺438,816,834.3 lira in 2021
₺100 lira in 1957 ₺877,633,668.61 lira in 2021
₺500 lira in 1957 ₺4,388,168,343.04 lira in 2021
₺1,000 lira in 1957 ₺8,776,336,686.08 lira in 2021
₺5,000 lira in 1957 ₺43,881,683,430.39 lira in 2021
₺10,000 lira in 1957 ₺87,763,366,860.77 lira in 2021
₺50,000 lira in 1957 ₺438,816,834,303.86 lira in 2021
₺100,000 lira in 1957 ₺877,633,668,607.73 lira in 2021
₺500,000 lira in 1957 ₺4,388,168,343,038.64 lira in 2021
₺1,000,000 lira in 1957 ₺8,776,336,686,077.29 lira in 2021
Cumulative inflation From 1957 1,478,965,951.45%
Avg. annual inflation From 1957 28.92%
CPI 1957 0.00002
CPI today 363.19

Value of Lira over time (by year)

Period Value
1957 100
1958 112.4
1959 142.35
1960 150.41
1961 155.18
1962 161.22
1963 171.48
1964 173.4
1965 181.29
1966 196.65
1967 224.14
1968 237.69
1969 249.39
1970 269.15
1971 320.32
1972 369.71
1973 421.24
1974 521.9
1975 632.69
1976 743.13
1977 936.24
1978 1,515.74
1979 2,478.89
1980 4,815.51
1981 6,626.85
1982 8,557.75
1983 11,244.05
1984 16,685.31
1985 24,187.31
1986 32,558.55
1987 45,209.47
1988 76,317.91
1989 124,606.22
1990 199,748.58
1991 331,539.85
1992 563,870.18
1993 936,553.32
1994 1,921,948.12
1995 3,634,659.77
1996 6,557,368.57
1997 12,175,021.38
1998 22,480,123.79
1999 37,062,418.05
2000 57,415,400.9
2001 88,649,468.58
2002 128,509,915.71
2003 156,271,165.04
2004 169,707,781.9
2005 183,588,467.65
2006 201,207,883.7
2007 218,825,996.66
2008 241,680,498.43
2009 256,787,881.26
2010 278,785,478.68
2011 296,828,114.18
2012 323,220,833.16
2013 347,440,037.46
2014 378,204,381.64
2015 407,215,865.13
2016 438,877,305.86
2017 487,787,188.99
2018 567,454,900.84
2019 653,576,576.94
2020 733,829,050.78
2021 877,633,668.61
2022-04 1,413,914,158.9
Today 1,478,966,051.45

All available years

Today's value of turkish lira by year:

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 |

Other currencies: