Value of 1962 Turkish Lira today

₺100 in 1962

₺393,347,909.73 in 2019

The inflation rate in Turkey between 1962 and today has been 393,347,809.73%, which translates into a total increase of ₺393,347,809.73. This means that 100 lira in 1962 are equivalent to 393,347,909.73 lira in 2019. In other words, the purchasing power of ₺100 in 1962 equals ₺393,347,909.73 today. The average annual inflation rate has been 29.93%.

Inflation timeline in Turkey (1962-2019)

The following chart depicts the equivalence of ₺100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1962-2019) 389,612,612.81%
Total Inflation* 393,347,809.73%
Annual inflation avg. (1962-2019) 30.5%
Annual inflation avg.* 29.93%
CPI 1962 0
CPI 2019 151.15
CPI today* 152.6
₺1 in 1962 ₺3,896,127.13 in 2019

* 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 57 years between 1962 and 2019 and the average inflation rate has been 29.9281%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.3)57 = ₺389,612,712.81

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 1962 was 0 and the CPI today is 152.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺389,612,712.81

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1962 ₺3,933,479.1 lira today
₺5 lira in 1962 ₺19,667,395.49 lira today
₺10 lira in 1962 ₺39,334,790.97 lira today
₺50 lira in 1962 ₺196,673,954.87 lira today
₺100 lira in 1962 ₺393,347,909.73 lira today
₺500 lira in 1962 ₺1,966,739,548.67 lira today
₺1,000 lira in 1962 ₺3,933,479,097.33 lira today
₺5,000 lira in 1962 ₺19,667,395,486.67 lira today
₺10,000 lira in 1962 ₺39,334,790,973.34 lira today
₺50,000 lira in 1962 ₺196,673,954,866.72 lira today
₺100,000 lira in 1962 ₺393,347,909,733.44 lira today
₺500,000 lira in 1962 ₺1,966,739,548,667.18 lira today
₺1,000,000 lira in 1962 ₺3,933,479,097,334.36 lira today

Value of Lira in time (by year)

Period Value
1962 100
1963 105
1964 109.58
1965 111.25
1966 117.5
1967 130.42
1968 146.67
1969 154.81
1970 164.01
1971 179.23
1972 221.16
1973 245.47
1974 293.97
1975 366.34
1976 425.9
1977 508.24
1978 745.93
1979 1,148.52
1980 2,088.46
1981 3,656.31
1982 4,701.91
1983 6,095.66
1984 8,354.63
1985 12,505.54
1986 18,032.17
1987 23,562.75
1988 36,534.34
1989 59,026.82
1990 96,968.67
1991 155,550.41
1992 266,204.84
1993 441,811.03
1994 755,832.51
1995 1,665,182.3
1996 2,931,504.94
1997 5,269,611.17
1998 10,491,502.88
1999 17,806,804.91
2000 30,056,475.62
2001 41,788,609.5
2002 70,427,059.84
2003 91,378,252.63
2004 102,991,970.72
2005 112,626,464.41
2006 121,321,235.71
2007 133,032,954.85
2008 144,190,743.77
2009 158,701,808.2
2010 169,058,370.17
2011 179,879,857.2
2012 198,674,021.47
2013 210,919,874.73
2014 226,528,927.32
2015 245,036,228.43
2016 266,619,839.93
2017 289,370,674.43
2018 323,862,819.14
2019 389,612,712.81
Today 393,347,909.73