Value of 1963 Turkish Lira today

₺100 in 1963
₺849,847,331.04 in 2022

The inflation rate in Turkey between 1963 and today has been 849,847,231.04%, which translates into a total increase of ₺849,847,231.04. This means that 100 lira in 1963 are equivalent to 849,847,331.04 lira in 2022. In other words, the purchasing power of ₺100 in 1963 equals ₺849,847,331.04 today. The average annual inflation rate between these periods has been 31.05%.

Inflation timeline in Turkey (1963 - 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 1963-2021 511,812,017.51%
Cumulative inflation 1963-today 849,847,231.04%
Avg. Annual inflation 1963-2021 30.52%
CPI 1963 0
CPI 2021 215.52
CPI 2022-04 (latest official data) 347.21
CPI today 357.86

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 1963 and 2021, use the corresponding CPI values:

Value2021
=Value1963 ×
CPI2021/CPI1963
=₺ 100 ×
215.52/0.00004
₺511,812,117.51

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 357.86:

Valuetoday
=Value1963 ×
CPItoday/CPI1963
=₺ 100 ×
357.86/0.00004
₺849,847,331.04

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 58 years between 1963 and 2021 and the average inflation rate was 30.5192%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.305192)58
₺511,812,117.51

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1963 ₺5,118,121.18 lira in 2021
₺5 lira in 1963 ₺25,590,605.88 lira in 2021
₺10 lira in 1963 ₺51,181,211.75 lira in 2021
₺50 lira in 1963 ₺255,906,058.76 lira in 2021
₺100 lira in 1963 ₺511,812,117.51 lira in 2021
₺500 lira in 1963 ₺2,559,060,587.57 lira in 2021
₺1,000 lira in 1963 ₺5,118,121,175.13 lira in 2021
₺5,000 lira in 1963 ₺25,590,605,875.66 lira in 2021
₺10,000 lira in 1963 ₺51,181,211,751.32 lira in 2021
₺50,000 lira in 1963 ₺255,906,058,756.62 lira in 2021
₺100,000 lira in 1963 ₺511,812,117,513.23 lira in 2021
₺500,000 lira in 1963 ₺2,559,060,587,566.17 lira in 2021
₺1,000,000 lira in 1963 ₺5,118,121,175,132.34 lira in 2021
Cumulative inflation From 1963 849,847,231.04%
Avg. annual inflation From 1963 31.05%
CPI 1963 0.00004
CPI today 357.86

Value of Lira over time (by year)

Period Value
1963 100
1964 101.12
1965 105.73
1966 114.68
1967 130.71
1968 138.61
1969 145.44
1970 156.96
1971 186.8
1972 215.6
1973 245.65
1974 304.36
1975 368.97
1976 433.37
1977 545.99
1978 883.94
1979 1,445.62
1980 2,808.27
1981 3,864.6
1982 4,990.65
1983 6,557.22
1984 9,730.42
1985 14,105.38
1986 18,987.26
1987 26,364.94
1988 44,506.53
1989 72,666.96
1990 116,487.95
1991 193,345.03
1992 328,833.77
1993 546,172.46
1994 1,120,827.94
1995 2,119,634.86
1996 3,824,079.24
1997 7,100,141.77
1998 13,109,797.6
1999 21,613,795.53
2000 33,483,102.31
2001 51,697,962.21
2002 74,943,492.29
2003 91,133,098.86
2004 98,968,968.85
2005 107,063,807.76
2006 117,338,972.63
2007 127,613,377.57
2008 140,941,502.23
2009 149,751,717.55
2010 162,580,118.88
2011 173,102,093.84
2012 188,493,610.68
2013 202,617,592.79
2014 220,558,522.7
2015 237,477,231.87
2016 255,941,324.13
2017 284,464,239.49
2018 330,924,285.13
2019 381,148,107.43
2020 427,949,170.37
2021 511,812,117.51
2022-04 824,556,333.16
Today 849,847,331.04

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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