Value of 1965 Turkish Lira today

₺100 in 1965

₺355,348,592.97 in 2019

The inflation rate in Turkey between 1965 and today has been 355,348,492.97%, which translates into a total increase of ₺355,348,492.97. This means that 100 lira in 1965 are equivalent to 355,348,592.97 lira in 2019. In other words, the purchasing power of ₺100 in 1965 equals ₺355,348,592.97 today. The average annual inflation rate has been 31.55%.

Inflation timeline in Turkey (1965-2019)

The following chart ilustrates the equivalence of ₺100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1965-2019) 350,213,523.73%
Total Inflation* 355,348,492.97%
Annual inflation avg. (1965-2019) 32.19%
Annual inflation avg.* 31.55%
CPI 1965 0
CPI 2019 151.15
CPI today* 153.37
₺1 in 1965 ₺3,502,136.24 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 54 years between 1965 and 2019 and the average inflation rate has been 31.5536%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.32)54 = ₺350,213,623.73

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 1965 was 0 and the CPI today is 153.37. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺350,213,623.73

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1965 ₺3,553,485.93 lira today
₺5 lira in 1965 ₺17,767,429.65 lira today
₺10 lira in 1965 ₺35,534,859.3 lira today
₺50 lira in 1965 ₺177,674,296.48 lira today
₺100 lira in 1965 ₺355,348,592.97 lira today
₺500 lira in 1965 ₺1,776,742,964.85 lira today
₺1,000 lira in 1965 ₺3,553,485,929.7 lira today
₺5,000 lira in 1965 ₺17,767,429,648.48 lira today
₺10,000 lira in 1965 ₺35,534,859,296.96 lira today
₺50,000 lira in 1965 ₺177,674,296,484.8 lira today
₺100,000 lira in 1965 ₺355,348,592,969.6 lira today
₺500,000 lira in 1965 ₺1,776,742,964,847.98 lira today
₺1,000,000 lira in 1965 ₺3,553,485,929,695.95 lira today

Value of Lira in time (by year)

Period Value
1965 100
1966 105.62
1967 117.23
1968 131.84
1969 139.16
1970 147.43
1971 161.11
1972 198.8
1973 220.65
1974 264.24
1975 329.3
1976 382.83
1977 456.84
1978 670.5
1979 1,032.37
1980 1,877.27
1981 3,286.57
1982 4,226.43
1983 5,479.24
1984 7,509.78
1985 11,240.93
1986 16,208.69
1987 21,180
1988 32,839.85
1989 53,057.81
1990 87,162.84
1991 139,820.57
1992 239,285.22
1993 397,133.46
1994 679,399.91
1995 1,496,792.86
1996 2,635,060.24
1997 4,736,728.45
1998 9,430,563.02
1999 16,006,114.46
2000 27,017,052.83
2001 37,562,789.62
2002 63,305,213.16
2003 82,137,743.28
2004 92,577,038.92
2005 101,237,256.72
2006 109,052,780.35
2007 119,580,166.82
2008 129,609,638.55
2009 142,653,290.08
2010 151,962,557.92
2011 161,689,735.87
2012 178,583,364.23
2013 189,590,871.18
2014 203,621,478.22
2015 220,257,252.09
2016 239,658,248.38
2017 260,108,433.73
2018 291,112,604.26
2019 350,213,623.73
Today 355,348,592.97