Value of 1971 Turkish Lira today

₺100 in 1971
₺461,709,789.94 in 2022

The inflation rate in Turkey between 1971 and today has been 461,709,689.94%, which translates into a total increase of ₺461,709,689.94. This means that 100 lira in 1971 are equivalent to 461,709,789.94 lira in 2022. In other words, the purchasing power of ₺100 in 1971 equals ₺461,709,789.94 today. The average annual inflation rate between these periods has been 35.11%.

Inflation timeline in Turkey (1971 - 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 1971-2021 273,983,238.82%
Cumulative inflation 1971-today 461,709,689.94%
Avg. Annual inflation 1971-2021 34.51%
CPI 1971 0
CPI 2021 215.52
CPI 2022-04 (latest official data) 347.21
CPI today 363.19

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 1971 and 2021, use the corresponding CPI values:

Value2021
=Value1971 ×
CPI2021/CPI1971
=₺ 100 ×
215.52/0.0001
₺273,983,338.82

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 363.19:

Valuetoday
=Value1971 ×
CPItoday/CPI1971
=₺ 100 ×
363.19/0.0001
₺461,709,789.94

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 50 years between 1971 and 2021 and the average inflation rate was 34.51%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.3451)50
₺273,983,338.82

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1971 ₺2,739,833.39 lira in 2021
₺5 lira in 1971 ₺13,699,166.94 lira in 2021
₺10 lira in 1971 ₺27,398,333.88 lira in 2021
₺50 lira in 1971 ₺136,991,669.41 lira in 2021
₺100 lira in 1971 ₺273,983,338.82 lira in 2021
₺500 lira in 1971 ₺1,369,916,694.1 lira in 2021
₺1,000 lira in 1971 ₺2,739,833,388.21 lira in 2021
₺5,000 lira in 1971 ₺13,699,166,941.05 lira in 2021
₺10,000 lira in 1971 ₺27,398,333,882.1 lira in 2021
₺50,000 lira in 1971 ₺136,991,669,410.48 lira in 2021
₺100,000 lira in 1971 ₺273,983,338,820.95 lira in 2021
₺500,000 lira in 1971 ₺1,369,916,694,104.77 lira in 2021
₺1,000,000 lira in 1971 ₺2,739,833,388,209.54 lira in 2021
Cumulative inflation From 1971 461,709,689.94%
Avg. annual inflation From 1971 35.11%
CPI 1971 0.0001
CPI today 363.19

Value of Lira over time (by year)

Period Value
1971 100
1972 115.42
1973 131.5
1974 162.93
1975 197.52
1976 231.99
1977 292.28
1978 473.19
1979 773.87
1980 1,503.32
1981 2,068.8
1982 2,671.59
1983 3,510.21
1984 5,208.89
1985 7,550.89
1986 10,164.27
1987 14,113.68
1988 23,825.24
1989 38,900.09
1990 62,358.35
1991 103,501.49
1992 176,031.34
1993 292,377.12
1994 600,001.78
1995 1,134,683.25
1996 2,047,106.67
1997 3,800,848.95
1998 7,017,938.8
1999 11,570,300.23
2000 17,924,179.3
2001 27,674,960.81
2002 40,118,761.43
2003 48,785,384.03
2004 52,980,083.12
2005 57,313,413.48
2006 62,813,916.27
2007 68,314,012.25
2008 75,448,825.92
2009 80,165,111.7
2010 87,032,413.4
2011 92,665,038.6
2012 100,904,427.68
2013 108,465,279.89
2014 118,069,421.16
2015 127,126,347.06
2016 137,010,547.67
2017 152,279,438.97
2018 177,150,437.51
2019 204,036,261.52
2020 229,089,813.49
2021 273,983,338.82
2022-04 441,401,618.83
Today 461,709,789.94

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: