Value of 1958 Turkish Lira today

₺100 in 1958

₺594,256,316.28 today

The inflation rate in Turkey between 1958 and today has been 594,256,216.28%, which translates into a total increase of ₺594,256,216.28. This means that 100 lira in 1958 are equivalent to 594,256,316.28 lira in 2018. In other words, the purchasing power of ₺100 in 1958 equals ₺594,256,316.28 today. The average annual inflation rate has been 29.14%.

Inflation timeline in Turkey (1958-2019)

The following chart ilustrates the equivalence of ₺100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1958-2018) 491,942,860.96%
Total Inflation* 594,256,216.28%
Annual inflation avg. (1958-2018) 29.28%
Annual inflation avg.* 29.14%
CPI 1958 0
CPI 2018 125.64
CPI today* 151.78
₺1 in 1958 ₺4,919,429.61 in 2018

* 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 60 years between 1958 and 2018 and the average inflation rate has been 29.1364%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.29)60 = ₺491,942,960.96

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 1958 was 0 and the CPI today is 151.78. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
125.64/0
= ₺491,942,960.96

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1958 ₺5,942,563.16 lira today
₺5 lira in 1958 ₺29,712,815.81 lira today
₺10 lira in 1958 ₺59,425,631.63 lira today
₺50 lira in 1958 ₺297,128,158.14 lira today
₺100 lira in 1958 ₺594,256,316.28 lira today
₺500 lira in 1958 ₺2,971,281,581.38 lira today
₺1,000 lira in 1958 ₺5,942,563,162.75 lira today
₺5,000 lira in 1958 ₺29,712,815,813.75 lira today
₺10,000 lira in 1958 ₺59,425,631,627.51 lira today
₺50,000 lira in 1958 ₺297,128,158,137.53 lira today
₺100,000 lira in 1958 ₺594,256,316,275.07 lira today
₺500,000 lira in 1958 ₺2,971,281,581,375.34 lira today
₺1,000,000 lira in 1958 ₺5,942,563,162,750.68 lira today

Value of Lira in time (by year)

Period Value
1958 100
1959 125.32
1960 146.84
1961 143.04
1962 151.9
1963 159.49
1964 166.46
1965 168.99
1966 178.48
1967 198.1
1968 222.78
1969 235.16
1970 249.13
1971 272.25
1972 335.94
1973 372.86
1974 446.54
1975 556.47
1976 646.94
1977 772.01
1978 1,133.06
1979 1,744.58
1980 3,172.34
1981 5,553.88
1982 7,142.13
1983 9,259.22
1984 12,690.56
1985 18,995.74
1986 27,390.6
1987 35,791.48
1988 55,495.14
1989 89,660.89
1990 147,294.01
1991 236,278.84
1992 404,361.33
1993 671,104.6
1994 1,148,098.7
1995 2,529,387.95
1996 4,452,913.81
1997 8,004,463.52
1998 15,936,441.87
1999 27,048,280.37
2000 45,655,353.87
2001 63,476,296.38
2002 106,977,690.25
2003 138,802,250.55
2004 156,443,321.17
2005 171,077,978.42
2006 184,285,210.88
2007 202,075,143.69
2008 219,023,664.47
2009 241,065,762.48
2010 256,797,231.05
2011 273,234,914.1
2012 301,782,979.12
2013 320,384,253.97
2014 344,094,180.2
2015 372,206,504.21
2016 404,991,699.43
2017 439,549,889.59
2018 491,942,960.96
Today 594,256,316.28