Value of 1959 Turkish Lira today

₺100 in 1959
₺1,031,362,576.56 in 2022

The inflation rate in Turkey between 1959 and today has been 1,031,362,476.56%, which translates into a total increase of ₺1,031,362,476.56. This means that 100 lira in 1959 are equivalent to 1,031,362,576.56 lira in 2022. In other words, the purchasing power of ₺100 in 1959 equals ₺1,031,362,576.56 today. The average annual inflation rate between these periods has been 29.22%.

Inflation timeline in Turkey (1959 - 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 1959-2021 616,540,790.94%
Cumulative inflation 1959-today 1,031,362,476.56%
Avg. Annual inflation 1959-2021 28.68%
CPI 1959 0
CPI 2021 215.52
CPI 2022-04 (latest official data) 347.21
CPI today 360.53

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 1959 and 2021, use the corresponding CPI values:

Value2021
=Value1959 ×
CPI2021/CPI1959
=₺ 100 ×
215.52/0.00003
₺616,540,890.94

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 360.53:

Valuetoday
=Value1959 ×
CPItoday/CPI1959
=₺ 100 ×
360.53/0.00003
₺1,031,362,576.56

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 62 years between 1959 and 2021 and the average inflation rate was 28.6813%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.286813)62
₺616,540,890.94

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1959 ₺6,165,408.91 lira in 2021
₺5 lira in 1959 ₺30,827,044.55 lira in 2021
₺10 lira in 1959 ₺61,654,089.09 lira in 2021
₺50 lira in 1959 ₺308,270,445.47 lira in 2021
₺100 lira in 1959 ₺616,540,890.94 lira in 2021
₺500 lira in 1959 ₺3,082,704,454.69 lira in 2021
₺1,000 lira in 1959 ₺6,165,408,909.38 lira in 2021
₺5,000 lira in 1959 ₺30,827,044,546.92 lira in 2021
₺10,000 lira in 1959 ₺61,654,089,093.84 lira in 2021
₺50,000 lira in 1959 ₺308,270,445,469.21 lira in 2021
₺100,000 lira in 1959 ₺616,540,890,938.43 lira in 2021
₺500,000 lira in 1959 ₺3,082,704,454,692.13 lira in 2021
₺1,000,000 lira in 1959 ₺6,165,408,909,384.26 lira in 2021
Cumulative inflation From 1959 1,031,362,476.56%
Avg. annual inflation From 1959 29.22%
CPI 1959 0.00003
CPI today 360.53

Value of Lira over time (by year)

Period Value
1959 100
1960 105.66
1961 109.02
1962 113.26
1963 120.46
1964 121.81
1965 127.36
1966 138.15
1967 157.46
1968 166.98
1969 175.2
1970 189.08
1971 225.03
1972 259.72
1973 295.92
1974 366.64
1975 444.47
1976 522.05
1977 657.71
1978 1,064.81
1979 1,741.43
1980 3,382.91
1981 4,655.38
1982 6,011.85
1983 7,898.99
1984 11,721.49
1985 16,991.67
1986 22,872.5
1987 31,759.82
1988 53,613.62
1989 87,536.33
1990 140,324.12
1991 232,907.97
1992 396,120.88
1993 657,932.17
1994 1,350,175.65
1995 2,553,361.9
1996 4,606,575.62
1997 8,552,997.45
1998 15,792,369.92
1999 26,036,485.45
2000 40,334,531.02
2001 62,276,578.82
2002 90,278,690.03
2003 109,781,070.13
2004 119,220,343.06
2005 128,971,576.02
2006 141,349,280.82
2007 153,726,070.19
2008 169,781,442.02
2009 180,394,434.21
2010 195,847,827.58
2011 208,522,845.6
2012 227,063,828.08
2013 244,077,908.48
2014 265,689,973.8
2015 286,070,648.01
2016 308,312,926.96
2017 342,672,300.35
2018 398,639,161.93
2019 459,139,957.2
2020 515,517,616.23
2021 616,540,890.94
2022-04 993,279,914.41
Today 1,031,362,576.56

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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