Value of 1959 Turkish Lira today

₺100 in 1959

₺474,204,891.54 today

The inflation rate in Turkey between 1959 and today has been 474,204,791.54%, which translates into a total increase of ₺474,204,791.54. This means that 100 lira in 1959 are equivalent to 474,204,891.54 lira in 2018. In other words, the purchasing power of ₺100 in 1959 equals ₺474,204,891.54 today. The average annual inflation rate has been 29.2%.

Inflation timeline in Turkey (1959-2019)

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 (1959-2018) 392,560,739.58%
Total Inflation* 474,204,791.54%
Annual inflation avg. (1959-2018) 29.35%
Annual inflation avg.* 29.2%
CPI 1959 0
CPI 2018 125.64
CPI today* 151.78
₺1 in 1959 ₺3,925,608.4 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 59 years between 1959 and 2018 and the average inflation rate has been 29.2011%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.29)59 = ₺392,560,839.58

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 1959 was 0 and the CPI today is 151.78. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
125.64/0
= ₺392,560,839.58

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1959 ₺4,742,048.92 lira today
₺5 lira in 1959 ₺23,710,244.58 lira today
₺10 lira in 1959 ₺47,420,489.15 lira today
₺50 lira in 1959 ₺237,102,445.77 lira today
₺100 lira in 1959 ₺474,204,891.54 lira today
₺500 lira in 1959 ₺2,371,024,457.71 lira today
₺1,000 lira in 1959 ₺4,742,048,915.43 lira today
₺5,000 lira in 1959 ₺23,710,244,577.15 lira today
₺10,000 lira in 1959 ₺47,420,489,154.3 lira today
₺50,000 lira in 1959 ₺237,102,445,771.49 lira today
₺100,000 lira in 1959 ₺474,204,891,542.97 lira today
₺500,000 lira in 1959 ₺2,371,024,457,714.85 lira today
₺1,000,000 lira in 1959 ₺4,742,048,915,429.7 lira today

Value of Lira in time (by year)

Period Value
1959 100
1960 117.17
1961 114.14
1962 121.21
1963 127.27
1964 132.83
1965 134.85
1966 142.42
1967 158.08
1968 177.78
1969 187.65
1970 198.8
1971 217.25
1972 268.08
1973 297.54
1974 356.33
1975 444.05
1976 516.25
1977 616.05
1978 904.16
1979 1,392.14
1980 2,531.47
1981 4,431.89
1982 5,699.28
1983 7,388.68
1984 10,126.82
1985 15,158.23
1986 21,857.16
1987 28,560.9
1988 44,284.03
1989 71,547.63
1990 117,537.73
1991 188,545.88
1992 322,672.41
1993 535,528.32
1994 916,160.26
1995 2,018,402
1996 3,553,337.94
1997 6,387,404.98
1998 12,716,968.22
1999 21,583,997.53
2000 36,432,077.43
2001 50,652,840.22
2002 85,366,099.8
2003 110,761,475.08
2004 124,838,703.63
2005 136,516,873.24
2006 147,055,985.85
2007 161,252,003.51
2008 174,776,590.86
2009 192,365,752.99
2010 204,919,156.54
2011 218,036,105.39
2012 240,816,901.67
2013 255,660,354.37
2014 274,580,410.73
2015 297,013,494.22
2016 323,175,437.34
2017 350,752,195.66
2018 392,560,839.58
Today 474,204,891.54