Value of 1958 Turkish Lira today

₺100 in 1958
₺1,461,742,463.25 in 2022

The inflation rate in Turkey between 1958 and today has been 1,461,742,363.25%, which translates into a total increase of ₺1,461,742,363.25. This means that 100 lira in 1958 are equivalent to 1,461,742,463.25 lira in 2022. In other words, the purchasing power of ₺100 in 1958 equals ₺1,461,742,463.25 today. The average annual inflation rate between these periods has been 29.41%.

Inflation timeline in Turkey (1958 - 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 1958-2021 780,831,669.4%
Cumulative inflation 1958-today 1,461,742,363.25%
Avg. Annual inflation 1958-2021 28.65%
CPI 1958 0
CPI 2021 215.52
CPI 2022-08 (latest official data) 389.76
CPI today 403.46

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 1958 and 2021, use the corresponding CPI values:

Value2021
=Value1958 ×
CPI2021/CPI1958
=₺ 100 ×
215.52/0.00003
₺780,831,769.4

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 403.46:

Valuetoday
=Value1958 ×
CPItoday/CPI1958
=₺ 100 ×
403.46/0.00003
₺1,461,742,463.25

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 63 years between 1958 and 2021 and the average inflation rate was 28.6488%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.286488)63
₺780,831,769.4

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1958 ₺7,808,317.69 lira in 2021
₺5 lira in 1958 ₺39,041,588.47 lira in 2021
₺10 lira in 1958 ₺78,083,176.94 lira in 2021
₺50 lira in 1958 ₺390,415,884.7 lira in 2021
₺100 lira in 1958 ₺780,831,769.4 lira in 2021
₺500 lira in 1958 ₺3,904,158,847.02 lira in 2021
₺1,000 lira in 1958 ₺7,808,317,694.03 lira in 2021
₺5,000 lira in 1958 ₺39,041,588,470.15 lira in 2021
₺10,000 lira in 1958 ₺78,083,176,940.3 lira in 2021
₺50,000 lira in 1958 ₺390,415,884,701.5 lira in 2021
₺100,000 lira in 1958 ₺780,831,769,403 lira in 2021
₺500,000 lira in 1958 ₺3,904,158,847,015.01 lira in 2021
₺1,000,000 lira in 1958 ₺7,808,317,694,030.01 lira in 2021
Cumulative inflation From 1958 1,461,742,363.25%
Avg. annual inflation From 1958 29.41%
CPI 1958 0.00003
CPI today 403.46

Value of Lira over time (by year)

Period Value
1958 100
1959 126.65
1960 133.82
1961 138.07
1962 143.44
1963 152.56
1964 154.27
1965 161.3
1966 174.96
1967 199.41
1968 211.47
1969 221.88
1970 239.47
1971 284.99
1972 328.93
1973 374.77
1974 464.34
1975 562.91
1976 661.17
1977 832.97
1978 1,348.56
1979 2,205.47
1980 4,284.36
1981 5,895.91
1982 7,613.84
1983 10,003.84
1984 14,844.94
1985 21,519.48
1986 28,967.39
1987 40,222.92
1988 67,900.14
1989 110,862.31
1990 177,716.57
1991 294,971.41
1992 501,676
1993 833,252.66
1994 1,709,959.64
1995 3,233,761.33
1996 5,834,098.99
1997 10,832,131.7
1998 20,000,594.17
1999 32,974,479.56
2000 51,082,553.78
2001 78,871,542.75
2002 114,335,432.26
2003 139,034,650.42
2004 150,989,225.18
2005 163,338,888.61
2006 179,014,905.04
2007 194,689,762.11
2008 215,023,440.84
2009 228,464,498.18
2010 248,035,788.04
2011 264,088,343.34
2012 287,569,978.33
2013 309,117,834.6
2014 336,488,909.98
2015 362,300,463.02
2016 390,469,686.32
2017 433,984,870.33
2018 504,865,332.92
2019 581,487,895.54
2020 652,888,621.59
2021 780,831,769.4
2022-08 1,412,093,951.76
Today 1,461,742,463.25

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 |

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