Value of 1964 Turkish Lira today

₺100 in 1964

₺359,550,188.39 in 2019

The inflation rate in Turkey between 1964 and today has been 359,550,088.39%, which translates into a total increase of ₺359,550,088.39. This means that 100 lira in 1964 are equivalent to 359,550,188.39 lira in 2019. In other words, the purchasing power of ₺100 in 1964 equals ₺359,550,188.39 today. The average annual inflation rate has been 30.94%.

Inflation timeline in Turkey (1964-2019)

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 (1964-2019) 355,540,035.58%
Total Inflation* 359,550,088.39%
Annual inflation avg. (1964-2019) 31.55%
Annual inflation avg.* 30.94%
CPI 1964 0
CPI 2019 151.15
CPI today* 152.86
₺1 in 1964 ₺3,555,401.36 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 55 years between 1964 and 2019 and the average inflation rate has been 30.9384%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.31)55 = ₺355,540,135.58

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 1964 was 0 and the CPI today is 152.86. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺355,540,135.58

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1964 ₺3,595,501.88 lira today
₺5 lira in 1964 ₺17,977,509.42 lira today
₺10 lira in 1964 ₺35,955,018.84 lira today
₺50 lira in 1964 ₺179,775,094.19 lira today
₺100 lira in 1964 ₺359,550,188.39 lira today
₺500 lira in 1964 ₺1,797,750,941.93 lira today
₺1,000 lira in 1964 ₺3,595,501,883.85 lira today
₺5,000 lira in 1964 ₺17,977,509,419.26 lira today
₺10,000 lira in 1964 ₺35,955,018,838.53 lira today
₺50,000 lira in 1964 ₺179,775,094,192.63 lira today
₺100,000 lira in 1964 ₺359,550,188,385.27 lira today
₺500,000 lira in 1964 ₺1,797,750,941,926.34 lira today
₺1,000,000 lira in 1964 ₺3,595,501,883,852.68 lira today

Value of Lira in time (by year)

Period Value
1964 100
1965 101.52
1966 107.22
1967 119.01
1968 133.84
1969 141.28
1970 149.67
1971 163.56
1972 201.82
1973 224
1974 268.26
1975 334.31
1976 388.66
1977 463.79
1978 680.7
1979 1,048.08
1980 1,905.82
1981 3,336.56
1982 4,290.72
1983 5,562.58
1984 7,624
1985 11,411.9
1986 16,455.21
1987 21,502.13
1988 33,339.32
1989 53,864.78
1990 88,488.52
1991 141,947.15
1992 242,924.58
1993 403,173.59
1994 689,733.12
1995 1,519,558.07
1996 2,675,137.72
1997 4,808,770.88
1998 9,573,995.49
1999 16,249,556.61
2000 27,427,963.89
2001 38,134,094.19
2002 64,268,042.55
2003 83,387,002.69
2004 93,985,072.94
2005 102,777,006.78
2006 110,711,399.23
2007 121,398,900.11
2008 131,580,913.31
2009 144,822,949.94
2010 154,273,805.44
2011 164,148,927.16
2012 181,299,496.16
2013 192,474,419.83
2014 206,718,422.9
2015 223,607,215.61
2016 243,303,287.9
2017 264,064,506.72
2018 295,540,229.67
2019 355,540,135.58
Today 359,550,188.39