Value of 1972 Turkish Lira today

₺100 in 1972

₺178,052,769.88 in 2019

The inflation rate in Turkey between 1972 and today has been 178,052,669.88%, which translates into a total increase of ₺178,052,669.88. This means that 100 lira in 1972 are equivalent to 178,052,769.88 lira in 2019. In other words, the purchasing power of ₺100 in 1972 equals ₺178,052,769.88 today. The average annual inflation rate has been 34.96%.

Inflation timeline in Turkey (1972-2019)

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 (1972-2019) 176,165,090.78%
Total Inflation* 178,052,669.88%
Annual inflation avg. (1972-2019) 35.8%
Annual inflation avg.* 34.96%
CPI 1972 0
CPI 2019 151.15
CPI today* 152.77
₺1 in 1972 ₺1,761,651.91 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 47 years between 1972 and 2019 and the average inflation rate has been 34.9646%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.35)47 = ₺176,165,190.78

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 1972 was 0 and the CPI today is 152.77. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺176,165,190.78

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1972 ₺1,780,527.7 lira today
₺5 lira in 1972 ₺8,902,638.49 lira today
₺10 lira in 1972 ₺17,805,276.99 lira today
₺50 lira in 1972 ₺89,026,384.94 lira today
₺100 lira in 1972 ₺178,052,769.88 lira today
₺500 lira in 1972 ₺890,263,849.42 lira today
₺1,000 lira in 1972 ₺1,780,527,698.84 lira today
₺5,000 lira in 1972 ₺8,902,638,494.22 lira today
₺10,000 lira in 1972 ₺17,805,276,988.43 lira today
₺50,000 lira in 1972 ₺89,026,384,942.16 lira today
₺100,000 lira in 1972 ₺178,052,769,884.33 lira today
₺500,000 lira in 1972 ₺890,263,849,421.65 lira today
₺1,000,000 lira in 1972 ₺1,780,527,698,843.3 lira today

Value of Lira in time (by year)

Period Value
1972 100
1973 110.99
1974 132.92
1975 165.64
1976 192.57
1977 229.8
1978 337.28
1979 519.31
1980 944.31
1981 1,653.22
1982 2,125.99
1983 2,756.18
1984 3,777.59
1985 5,654.44
1986 8,153.33
1987 10,654.01
1988 16,519.17
1989 26,689.25
1990 43,844.83
1991 70,332.84
1992 120,365.75
1993 199,766.9
1994 341,753.16
1995 752,919.88
1996 1,325,493.52
1997 2,382,679.07
1998 4,743,781.57
1999 8,051,429.23
2000 13,590,174.52
2001 18,894,913.14
2002 31,843,920.96
2003 41,317,099.72
2004 46,568,296.09
2005 50,924,576.99
2006 54,855,958.06
2007 60,151,466.06
2008 65,196,511.95
2009 71,757,756.87
2010 76,440,524.28
2011 81,333,509.71
2012 89,831,378.04
2013 95,368,397.25
2014 102,426,102.6
2015 110,794,264.43
2016 120,553,394.23
2017 130,840,289.32
2018 146,436,072.14
2019 176,165,190.78
Today 178,052,769.88