Value of 1970 Turkish Lira today

₺100 in 1970
₺660,332,131.57 in 2022

The inflation rate in Turkey between 1970 and today has been 660,332,031.57%, which translates into a total increase of ₺660,332,031.57. This means that 100 lira in 1970 are equivalent to 660,332,131.57 lira in 2022. In other words, the purchasing power of ₺100 in 1970 equals ₺660,332,131.57 today. The average annual inflation rate between these periods has been 35.25%.

Inflation timeline in Turkey (1970 - 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 1970-2021 326,071,332.35%
Cumulative inflation 1970-today 660,332,031.57%
Avg. Annual inflation 1970-2021 34.19%
CPI 1970 0
CPI 2021 215.52
CPI 2022-10 (latest official data) 415.99
CPI today 436.45

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 1970 and 2021, use the corresponding CPI values:

Value2021
=Value1970 ×
CPI2021/CPI1970
=₺ 100 ×
215.52/0.0001
₺326,071,432.35

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 436.45:

Valuetoday
=Value1970 ×
CPItoday/CPI1970
=₺ 100 ×
436.45/0.0001
₺660,332,131.57

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 51 years between 1970 and 2021 and the average inflation rate was 34.1875%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.341875)51
₺326,071,432.35

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1970 ₺3,260,714.32 lira in 2021
₺5 lira in 1970 ₺16,303,571.62 lira in 2021
₺10 lira in 1970 ₺32,607,143.24 lira in 2021
₺50 lira in 1970 ₺163,035,716.18 lira in 2021
₺100 lira in 1970 ₺326,071,432.35 lira in 2021
₺500 lira in 1970 ₺1,630,357,161.77 lira in 2021
₺1,000 lira in 1970 ₺3,260,714,323.54 lira in 2021
₺5,000 lira in 1970 ₺16,303,571,617.69 lira in 2021
₺10,000 lira in 1970 ₺32,607,143,235.38 lira in 2021
₺50,000 lira in 1970 ₺163,035,716,176.9 lira in 2021
₺100,000 lira in 1970 ₺326,071,432,353.8 lira in 2021
₺500,000 lira in 1970 ₺1,630,357,161,769 lira in 2021
₺1,000,000 lira in 1970 ₺3,260,714,323,538 lira in 2021
Cumulative inflation From 1970 660,332,031.57%
Avg. annual inflation From 1970 35.25%
CPI 1970 0.0001
CPI today 436.45

Value of Lira over time (by year)

Period Value
1970 100
1971 119.01
1972 137.36
1973 156.5
1974 193.91
1975 235.07
1976 276.1
1977 347.84
1978 563.15
1979 920.99
1980 1,789.13
1981 2,462.1
1982 3,179.5
1983 4,177.56
1984 6,199.17
1985 8,986.43
1986 12,096.64
1987 16,796.89
1988 28,354.76
1989 46,295.55
1990 74,213.55
1991 123,178.58
1992 209,497.38
1993 347,962.13
1994 714,070.57
1995 1,350,402.52
1996 2,436,290.49
1997 4,523,443.89
1998 8,352,147.86
1999 13,769,977.35
2000 21,331,818.37
2001 32,936,360.84
2002 47,745,903.31
2003 58,060,172.99
2004 63,052,343.48
2005 68,209,501.01
2006 74,755,726.89
2007 81,301,468.62
2008 89,792,710.92
2009 95,405,629.08
2010 103,578,501.61
2011 110,281,968.23
2012 120,087,781.28
2013 129,086,058.03
2014 140,516,081.89
2015 151,294,857.03
2016 163,058,183.46
2017 181,229,906.15
2018 210,829,231.98
2019 242,826,430
2020 272,643,015.25
2021 326,071,432.35
2022-10 629,367,088.22
Today 660,332,131.57

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 |

Other currencies: