Value of 1967 Turkish Lira today

₺100 in 1967
₺832,482,884.22 in 2023

The inflation rate in Turkey between 1967 and today has been 832,482,784.22%, which translates into a total increase of ₺832,482,784.22. This means that 100 lira in 1967 are equivalent to 832,482,884.22 lira in 2023. In other words, the purchasing power of ₺100 in 1967 equals ₺832,482,884.22 today. The average annual inflation rate between these periods has been 32.92%.

Inflation timeline in Turkey (1967 - 2023)

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 1967-2022 674,697,353.36%
Cumulative inflation 1967-today 832,482,784.22%
Avg. Annual inflation 1967-2022 33.1%
CPI 1967 0
CPI 2022 371.36
CPI 2022-12 (latest official data) 433.04
CPI today 458.21

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 1967 and 2022, use the corresponding CPI values:

Value2022
=Value1967 ×
CPI2022/CPI1967
=₺ 100 ×
371.36/0.0001
₺674,697,453.36

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 458.21:

Valuetoday
=Value1967 ×
CPItoday/CPI1967
=₺ 100 ×
458.21/0.0001
₺832,482,884.22

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 55 years between 1967 and 2022 and the average inflation rate was 33.0962%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=₺100 × (1 + 0.330962)55
₺674,697,453.36

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1967 ₺6,746,974.53 lira in 2022
₺5 lira in 1967 ₺33,734,872.67 lira in 2022
₺10 lira in 1967 ₺67,469,745.34 lira in 2022
₺50 lira in 1967 ₺337,348,726.68 lira in 2022
₺100 lira in 1967 ₺674,697,453.36 lira in 2022
₺500 lira in 1967 ₺3,373,487,266.79 lira in 2022
₺1,000 lira in 1967 ₺6,746,974,533.58 lira in 2022
₺5,000 lira in 1967 ₺33,734,872,667.88 lira in 2022
₺10,000 lira in 1967 ₺67,469,745,335.76 lira in 2022
₺50,000 lira in 1967 ₺337,348,726,678.79 lira in 2022
₺100,000 lira in 1967 ₺674,697,453,357.58 lira in 2022
₺500,000 lira in 1967 ₺3,373,487,266,787.91 lira in 2022
₺1,000,000 lira in 1967 ₺6,746,974,533,575.82 lira in 2022
Cumulative inflation From 1967 832,482,784.22%
Avg. annual inflation From 1967 32.92%
CPI 1967 0.0001
CPI today 458.21

Value of Lira over time (by year)

Period Value
1967 100
1968 106.05
1969 111.27
1970 120.08
1971 142.91
1972 164.95
1973 187.94
1974 232.85
1975 282.28
1976 331.55
1977 417.71
1978 676.26
1979 1,105.97
1980 2,148.47
1981 2,956.62
1982 3,818.1
1983 5,016.62
1984 7,444.28
1985 10,791.35
1986 14,526.24
1987 20,170.55
1988 34,049.81
1989 55,594
1990 89,119.33
1991 147,918.99
1992 251,574.91
1993 417,850.3
1994 857,491.58
1995 1,621,630.75
1996 2,925,619.22
1997 5,431,977.2
1998 10,029,676.01
1999 16,535,676.07
2000 25,616,312.17
2001 39,551,625.97
2002 57,335,663.71
2003 69,721,553.53
2004 75,716,401.02
2005 81,909,373.18
2006 89,770,407.93
2007 97,630,861.3
2008 107,827,568.85
2009 114,567,841.12
2010 124,382,234.37
2011 132,432,091.66
2012 144,207,401.38
2013 155,012,981.21
2014 168,738,724.34
2015 181,682,415.5
2016 195,808,404.99
2017 217,629,916.55
2018 253,174,264.32
2019 291,598,096.7
2020 327,403,340.41
2021 391,562,850.31
2022 674,697,453.36
2022-12 786,766,434.54
Today 832,482,884.22

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 | 2022 |

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