Value of 1963 Turkish Lira today

₺100 in 1963

₺375,453,845.38 in 2019

The inflation rate in Turkey between 1963 and today has been 375,453,745.38%, which translates into a total increase of ₺375,453,745.38. This means that 100 lira in 1963 are equivalent to 375,453,845.38 lira in 2019. In other words, the purchasing power of ₺100 in 1963 equals ₺375,453,845.38 today. The average annual inflation rate has been 30.42%.

Inflation timeline in Turkey (1963-2019)

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 (1963-2019) 371,059,398.76%
Total Inflation* 375,453,745.38%
Annual inflation avg. (1963-2019) 31.01%
Annual inflation avg.* 30.42%
CPI 1963 0
CPI 2019 151.15
CPI today* 152.94
₺1 in 1963 ₺3,710,594.99 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 56 years between 1963 and 2019 and the average inflation rate has been 30.4197%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.3)56 = ₺371,059,498.76

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 1963 was 0 and the CPI today is 152.94. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺371,059,498.76

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1963 ₺3,754,538.45 lira today
₺5 lira in 1963 ₺18,772,692.27 lira today
₺10 lira in 1963 ₺37,545,384.54 lira today
₺50 lira in 1963 ₺187,726,922.69 lira today
₺100 lira in 1963 ₺375,453,845.38 lira today
₺500 lira in 1963 ₺1,877,269,226.92 lira today
₺1,000 lira in 1963 ₺3,754,538,453.83 lira today
₺5,000 lira in 1963 ₺18,772,692,269.17 lira today
₺10,000 lira in 1963 ₺37,545,384,538.33 lira today
₺50,000 lira in 1963 ₺187,726,922,691.66 lira today
₺100,000 lira in 1963 ₺375,453,845,383.32 lira today
₺500,000 lira in 1963 ₺1,877,269,226,916.6 lira today
₺1,000,000 lira in 1963 ₺3,754,538,453,833.2 lira today

Value of Lira in time (by year)

Period Value
1963 100
1964 104.37
1965 105.95
1966 111.9
1967 124.21
1968 139.68
1969 147.44
1970 156.2
1971 170.69
1972 210.63
1973 233.78
1974 279.97
1975 348.9
1976 405.62
1977 484.04
1978 710.41
1979 1,093.82
1980 1,989.01
1981 3,482.2
1982 4,478.01
1983 5,805.39
1984 7,956.79
1985 11,910.03
1986 17,173.48
1987 22,440.7
1988 34,794.59
1989 56,215.98
1990 92,351.06
1991 148,143.16
1992 253,528.27
1993 420,772.16
1994 719,840.04
1995 1,585,886.93
1996 2,791,907.76
1997 5,018,674.22
1998 9,991,901.37
1999 16,958,851.41
2000 28,625,197.31
2001 39,798,651.29
2002 67,073,349.16
2003 87,026,853.86
2004 98,087,530.96
2005 107,263,233.61
2006 115,543,963.1
2007 126,697,974.48
2008 137,324,433.6
2009 151,144,486.48
2010 161,007,872.78
2011 171,314,044.58
2012 189,213,237.66
2013 200,875,947.89
2014 215,741,703.14
2015 233,367,693.38
2016 253,923,501.24
2017 275,590,949.37
2018 308,440,590.84
2019 371,059,498.76
Today 375,453,845.38