Value of 1967 Turkish Lira today

₺100 in 1967

₺300,766,241.22 in 2019

The inflation rate in Turkey between 1967 and today has been 300,766,141.22%, which translates into a total increase of ₺300,766,141.22. This means that 100 lira in 1967 are equivalent to 300,766,241.22 lira in 2019. In other words, the purchasing power of ₺100 in 1967 equals ₺300,766,241.22 today. The average annual inflation rate has been 32.5%.

Inflation timeline in Turkey (1967-2019)

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 (1967-2019) 298,744,459.83%
Total Inflation* 300,766,141.22%
Annual inflation avg. (1967-2019) 33.21%
Annual inflation avg.* 32.5%
CPI 1967 0
CPI 2019 151.15
CPI today* 152.18
₺1 in 1967 ₺2,987,445.6 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 52 years between 1967 and 2019 and the average inflation rate has been 32.5045%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.33)52 = ₺298,744,559.83

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 1967 was 0 and the CPI today is 152.18. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺298,744,559.83

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1967 ₺3,007,662.41 lira today
₺5 lira in 1967 ₺15,038,312.06 lira today
₺10 lira in 1967 ₺30,076,624.12 lira today
₺50 lira in 1967 ₺150,383,120.61 lira today
₺100 lira in 1967 ₺300,766,241.22 lira today
₺500 lira in 1967 ₺1,503,831,206.08 lira today
₺1,000 lira in 1967 ₺3,007,662,412.16 lira today
₺5,000 lira in 1967 ₺15,038,312,060.82 lira today
₺10,000 lira in 1967 ₺30,076,624,121.64 lira today
₺50,000 lira in 1967 ₺150,383,120,608.22 lira today
₺100,000 lira in 1967 ₺300,766,241,216.44 lira today
₺500,000 lira in 1967 ₺1,503,831,206,082.22 lira today
₺1,000,000 lira in 1967 ₺3,007,662,412,164.44 lira today

Value of Lira in time (by year)

Period Value
1967 100
1968 112.46
1969 118.71
1970 125.76
1971 137.43
1972 169.58
1973 188.22
1974 225.41
1975 280.9
1976 326.57
1977 389.7
1978 571.96
1979 880.65
1980 1,601.37
1981 2,803.56
1982 3,605.3
1983 4,673.99
1984 6,406.11
1985 9,588.91
1986 13,826.58
1987 18,067.29
1988 28,013.55
1989 45,260.18
1990 74,352.97
1991 119,271.88
1992 204,118.72
1993 338,768.83
1994 579,552.06
1995 1,276,817.05
1996 2,247,799.22
1997 4,040,596.26
1998 8,044,602.52
1999 13,653,779.56
2000 23,046,497.93
2001 32,042,382.96
2002 54,001,577.21
2003 70,066,388.91
2004 78,971,475.89
2005 86,358,946.79
2006 93,025,863.81
2007 102,006,095.37
2008 110,561,588.12
2009 121,688,282.43
2010 129,629,415.88
2011 137,927,041.37
2012 152,337,901.56
2013 161,727,692.81
2014 173,696,294.95
2015 187,887,196.17
2016 204,436,929.55
2017 221,881,658.16
2018 248,329,307.97
2019 298,744,559.83
Today 300,766,241.22