Value of 1970 Turkish Lira today

₺100 in 1970

₺239,160,327.89 in 2019

The inflation rate in Turkey between 1970 and today has been 239,160,227.89%, which translates into a total increase of ₺239,160,227.89. This means that 100 lira in 1970 are equivalent to 239,160,327.89 lira in 2019. In other words, the purchasing power of ₺100 in 1970 equals ₺239,160,327.89 today. The average annual inflation rate has been 34.14%.

Inflation timeline in Turkey (1970-2019)

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 (1970-2019) 237,552,647.26%
Total Inflation* 239,160,227.89%
Annual inflation avg. (1970-2019) 34.93%
Annual inflation avg.* 34.14%
CPI 1970 0
CPI 2019 151.15
CPI today* 152.18
₺1 in 1970 ₺2,375,527.47 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 49 years between 1970 and 2019 and the average inflation rate has been 34.1448%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.34)49 = ₺237,552,747.26

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 1970 was 0 and the CPI today is 152.18. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺237,552,747.26

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1970 ₺2,391,603.28 lira today
₺5 lira in 1970 ₺11,958,016.39 lira today
₺10 lira in 1970 ₺23,916,032.79 lira today
₺50 lira in 1970 ₺119,580,163.95 lira today
₺100 lira in 1970 ₺239,160,327.89 lira today
₺500 lira in 1970 ₺1,195,801,639.45 lira today
₺1,000 lira in 1970 ₺2,391,603,278.91 lira today
₺5,000 lira in 1970 ₺11,958,016,394.55 lira today
₺10,000 lira in 1970 ₺23,916,032,789.09 lira today
₺50,000 lira in 1970 ₺119,580,163,945.46 lira today
₺100,000 lira in 1970 ₺239,160,327,890.93 lira today
₺500,000 lira in 1970 ₺1,195,801,639,454.63 lira today
₺1,000,000 lira in 1970 ₺2,391,603,278,909.26 lira today

Value of Lira in time (by year)

Period Value
1970 100
1971 109.28
1972 134.85
1973 149.67
1974 179.24
1975 223.36
1976 259.68
1977 309.88
1978 454.81
1979 700.27
1980 1,273.37
1981 2,229.31
1982 2,866.82
1983 3,716.62
1984 5,093.94
1985 7,624.82
1986 10,994.48
1987 14,366.57
1988 22,275.54
1989 35,989.54
1990 59,123.26
1991 94,841.43
1992 162,309.11
1993 269,378.85
1994 460,842.48
1995 1,015,286.76
1996 1,787,382.78
1997 3,212,961.41
1998 6,396,827.54
1999 10,857,077.52
2000 18,325,886.51
2001 25,479,145.48
2002 42,940,440.59
2003 55,714,698.82
2004 62,795,757.9
2005 68,670,054.02
2006 73,971,387.22
2007 81,112,199.02
2008 87,915,271.21
2009 96,762,886.05
2010 103,077,438.08
2011 109,675,461.94
2012 121,134,547.35
2013 128,601,028.78
2014 138,118,103.57
2015 149,402,284.18
2016 162,562,137.65
2017 176,433,664.58
2018 197,464,045.43
2019 237,552,747.26
Today 239,160,327.89