Value of 1965 Turkish Lira today

₺100 in 1965
₺815,780,804.92 in 2022

The inflation rate in Turkey between 1965 and today has been 815,780,704.92%, which translates into a total increase of ₺815,780,704.92. This means that 100 lira in 1965 are equivalent to 815,780,804.92 lira in 2022. In other words, the purchasing power of ₺100 in 1965 equals ₺815,780,804.92 today. The average annual inflation rate between these periods has been 32.21%.

Inflation timeline in Turkey (1965 - 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 1965-2021 484,092,621.33%
Cumulative inflation 1965-today 815,780,704.92%
Avg. Annual inflation 1965-2021 31.64%
CPI 1965 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 1965 and 2021, use the corresponding CPI values:

Value2021
=Value1965 ×
CPI2021/CPI1965
=₺ 100 ×
215.52/0.00004
₺484,092,721.33

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

Valuetoday
=Value1965 ×
CPItoday/CPI1965
=₺ 100 ×
363.19/0.00004
₺815,780,804.92

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 56 years between 1965 and 2021 and the average inflation rate was 31.6357%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.316357)56
₺484,092,721.33

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1965 ₺4,840,927.21 lira in 2021
₺5 lira in 1965 ₺24,204,636.07 lira in 2021
₺10 lira in 1965 ₺48,409,272.13 lira in 2021
₺50 lira in 1965 ₺242,046,360.67 lira in 2021
₺100 lira in 1965 ₺484,092,721.33 lira in 2021
₺500 lira in 1965 ₺2,420,463,606.65 lira in 2021
₺1,000 lira in 1965 ₺4,840,927,213.31 lira in 2021
₺5,000 lira in 1965 ₺24,204,636,066.53 lira in 2021
₺10,000 lira in 1965 ₺48,409,272,133.06 lira in 2021
₺50,000 lira in 1965 ₺242,046,360,665.31 lira in 2021
₺100,000 lira in 1965 ₺484,092,721,330.62 lira in 2021
₺500,000 lira in 1965 ₺2,420,463,606,653.11 lira in 2021
₺1,000,000 lira in 1965 ₺4,840,927,213,306.23 lira in 2021
Cumulative inflation From 1965 815,780,704.92%
Avg. annual inflation From 1965 32.21%
CPI 1965 0.00004
CPI today 363.19

Value of Lira over time (by year)

Period Value
1965 100
1966 108.47
1967 123.63
1968 131.11
1969 137.56
1970 148.46
1971 176.69
1972 203.93
1973 232.35
1974 287.88
1975 348.99
1976 409.9
1977 516.42
1978 836.06
1979 1,367.33
1980 2,656.18
1981 3,655.29
1982 4,720.36
1983 6,202.09
1984 9,203.43
1985 13,341.44
1986 17,958.93
1987 24,937.03
1988 42,096.09
1989 68,731.37
1990 110,179.04
1991 182,873.6
1992 311,024.36
1993 516,592.13
1994 1,060,124.66
1995 2,004,836.87
1996 3,616,969.71
1997 6,715,602.92
1998 12,399,779.88
1999 20,443,207.06
2000 31,669,680.26
2001 48,898,035.74
2002 70,884,603.72
2003 86,197,392.21
2004 93,608,876.81
2005 101,265,304.75
2006 110,983,973.68
2007 120,701,923.83
2008 133,308,206.33
2009 141,641,266.38
2010 153,774,890.22
2011 163,727,002.17
2012 178,284,924.92
2013 191,643,961.77
2014 208,613,223.12
2015 224,615,626.51
2016 242,079,716.09
2017 269,057,849.75
2018 313,001,650.92
2019 360,505,385.16
2020 404,771,734.37
2021 484,092,721.33
2022-04 779,898,922.97
Today 815,780,804.92

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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