Value of 1969 Turkish Lira today

₺100 in 1969

₺254,502,938.33 in 2019

The inflation rate in Turkey between 1969 and today has been 254,502,838.33%, which translates into a total increase of ₺254,502,838.33. This means that 100 lira in 1969 are equivalent to 254,502,938.33 lira in 2019. In other words, the purchasing power of ₺100 in 1969 equals ₺254,502,938.33 today. The average annual inflation rate has been 33.54%.

Inflation timeline in Turkey (1969-2019)

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 (1969-2019) 251,664,374.45%
Total Inflation* 254,502,838.33%
Annual inflation avg. (1969-2019) 34.28%
Annual inflation avg.* 33.54%
CPI 1969 0
CPI 2019 151.15
CPI today* 152.86
₺1 in 1969 ₺2,516,644.74 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 50 years between 1969 and 2019 and the average inflation rate has been 33.5371%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.34)50 = ₺251,664,474.45

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 1969 was 0 and the CPI today is 152.86. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺251,664,474.45

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1969 ₺2,545,029.38 lira today
₺5 lira in 1969 ₺12,725,146.92 lira today
₺10 lira in 1969 ₺25,450,293.83 lira today
₺50 lira in 1969 ₺127,251,469.16 lira today
₺100 lira in 1969 ₺254,502,938.33 lira today
₺500 lira in 1969 ₺1,272,514,691.64 lira today
₺1,000 lira in 1969 ₺2,545,029,383.28 lira today
₺5,000 lira in 1969 ₺12,725,146,916.38 lira today
₺10,000 lira in 1969 ₺25,450,293,832.77 lira today
₺50,000 lira in 1969 ₺127,251,469,163.84 lira today
₺100,000 lira in 1969 ₺254,502,938,327.67 lira today
₺500,000 lira in 1969 ₺1,272,514,691,638.36 lira today
₺1,000,000 lira in 1969 ₺2,545,029,383,276.71 lira today

Value of Lira in time (by year)

Period Value
1969 100
1970 105.94
1971 115.77
1972 142.86
1973 158.56
1974 189.89
1975 236.63
1976 275.11
1977 328.29
1978 481.82
1979 741.87
1980 1,349.01
1981 2,361.74
1982 3,037.13
1983 3,937.4
1984 5,396.55
1985 8,077.77
1986 11,647.61
1987 15,220.01
1988 23,598.81
1989 38,127.49
1990 62,635.45
1991 100,475.45
1992 171,951.02
1993 285,381.2
1994 488,218.64
1995 1,075,599.47
1996 1,893,561.55
1997 3,403,826.11
1998 6,776,828.56
1999 11,502,037.93
2000 19,414,528.56
2001 26,992,724.06
2002 45,491,300.51
2003 59,024,408.52
2004 66,526,115.12
2005 72,749,371.47
2006 78,365,628.28
2007 85,930,637.19
2008 93,137,843.19
2009 102,511,047.1
2010 109,200,712.61
2011 116,190,689.47
2012 128,330,497.33
2013 136,240,522.14
2014 146,322,955
2015 158,277,467.91
2016 172,219,077.27
2017 186,914,636.79
2018 209,194,319.11
2019 251,664,474.45
Today 254,502,938.33