Value of 1964 Turkish Lira today

₺100 in 1964
₺852,944,393.24 in 2022

The inflation rate in Turkey between 1964 and today has been 852,944,293.24%, which translates into a total increase of ₺852,944,293.24. This means that 100 lira in 1964 are equivalent to 852,944,393.24 lira in 2022. In other words, the purchasing power of ₺100 in 1964 equals ₺852,944,393.24 today. The average annual inflation rate between these periods has been 31.67%.

Inflation timeline in Turkey (1964 - 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 1964-2021 506,145,876.93%
Cumulative inflation 1964-today 852,944,293.24%
Avg. Annual inflation 1964-2021 31.1%
CPI 1964 0
CPI 2021 215.52
CPI 2022-04 (latest official data) 347.21
CPI today 363.19

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 1964 and 2021, use the corresponding CPI values:

Value2021
=Value1964 ×
CPI2021/CPI1964
=₺ 100 ×
215.52/0.00004
₺506,145,976.93

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 363.19:

Valuetoday
=Value1964 ×
CPItoday/CPI1964
=₺ 100 ×
363.19/0.00004
₺852,944,393.24

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 57 years between 1964 and 2021 and the average inflation rate was 31.1049%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.311049)57
₺506,145,976.93

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1964 ₺5,061,459.77 lira in 2021
₺5 lira in 1964 ₺25,307,298.85 lira in 2021
₺10 lira in 1964 ₺50,614,597.69 lira in 2021
₺50 lira in 1964 ₺253,072,988.47 lira in 2021
₺100 lira in 1964 ₺506,145,976.93 lira in 2021
₺500 lira in 1964 ₺2,530,729,884.67 lira in 2021
₺1,000 lira in 1964 ₺5,061,459,769.33 lira in 2021
₺5,000 lira in 1964 ₺25,307,298,846.66 lira in 2021
₺10,000 lira in 1964 ₺50,614,597,693.32 lira in 2021
₺50,000 lira in 1964 ₺253,072,988,466.61 lira in 2021
₺100,000 lira in 1964 ₺506,145,976,933.21 lira in 2021
₺500,000 lira in 1964 ₺2,530,729,884,666.06 lira in 2021
₺1,000,000 lira in 1964 ₺5,061,459,769,332.12 lira in 2021
Cumulative inflation From 1964 852,944,293.24%
Avg. annual inflation From 1964 31.67%
CPI 1964 0.00004
CPI today 363.19

Value of Lira over time (by year)

Period Value
1964 100
1965 104.56
1966 113.41
1967 129.26
1968 137.08
1969 143.83
1970 155.23
1971 184.74
1972 213.22
1973 242.93
1974 300.99
1975 364.88
1976 428.58
1977 539.94
1978 874.15
1979 1,429.62
1980 2,777.18
1981 3,821.81
1982 4,935.4
1983 6,484.63
1984 9,622.7
1985 13,949.22
1986 18,777.06
1987 26,073.06
1988 44,013.81
1989 71,862.49
1990 115,198.34
1991 191,204.56
1992 325,193.34
1993 540,125.93
1994 1,108,419.54
1995 2,096,168.92
1996 3,781,743.84
1997 7,021,537.93
1998 12,964,662.39
1999 21,374,514.74
2000 33,112,419.48
2001 51,125,627.34
2002 74,113,812.13
2003 90,124,187.72
2004 97,873,308.8
2005 105,878,531.82
2006 116,039,942.98
2007 126,200,602.62
2008 139,381,175.04
2009 148,093,854.73
2010 160,780,236.12
2011 171,185,724.99
2012 186,406,846.29
2013 200,374,465.43
2014 218,116,775.91
2015 234,848,182.39
2016 253,107,863.42
2017 281,315,008.91
2018 327,260,707.32
2019 376,928,514.56
2020 423,211,454.95
2021 506,145,976.93
2022-04 815,427,881.65
Today 852,944,393.24

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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