Value of 1972 Turkish Lira today

₺100 in 1972
₺936,568,807.02 in 2024

The inflation rate in Turkey between 1972 and today has been 936,568,707.02%, which translates into a total increase of ₺936,568,707.02. This means that 100 lira in 1972 are equivalent to 936,568,807.02 lira in 2024. In other words, the purchasing power of ₺100 in 1972 equals ₺936,568,807.02 today. The average annual inflation rate between these periods has been 36.17%.

Inflation timeline in Turkey (1972 - 2024)

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 1972-2023 629,343,717.74%
Cumulative inflation 1972-today 936,568,707.02%
Avg. Annual inflation 1972-2023 35.93%
CPI 1972 0
CPI 2023 571.37
CPI 2024-03 (latest official data) 821.03
CPI today 850.3

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 1972 and 2023, use the corresponding CPI values:

Value2023
=Value1972 ×
CPI2023/CPI1972
=₺ 100 ×
571.37/0.0001
₺629,343,817.74

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 850.3:

Valuetoday
=Value1972 ×
CPItoday/CPI1972
=₺ 100 ×
850.3/0.0001
₺936,568,807.02

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 1972 and 2023 and the average inflation rate was 35.9288%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₺100 × (1 + 0.359288)51
₺629,343,817.74

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1972 ₺6,293,438.18 lira in 2023
₺5 lira in 1972 ₺31,467,190.89 lira in 2023
₺10 lira in 1972 ₺62,934,381.77 lira in 2023
₺50 lira in 1972 ₺314,671,908.87 lira in 2023
₺100 lira in 1972 ₺629,343,817.74 lira in 2023
₺500 lira in 1972 ₺3,146,719,088.7 lira in 2023
₺1,000 lira in 1972 ₺6,293,438,177.4 lira in 2023
₺5,000 lira in 1972 ₺31,467,190,886.98 lira in 2023
₺10,000 lira in 1972 ₺62,934,381,773.96 lira in 2023
₺50,000 lira in 1972 ₺314,671,908,869.82 lira in 2023
₺100,000 lira in 1972 ₺629,343,817,739.63 lira in 2023
₺500,000 lira in 1972 ₺3,146,719,088,698.16 lira in 2023
₺1,000,000 lira in 1972 ₺6,293,438,177,396.33 lira in 2023
Cumulative inflation From 1972 936,568,707.02%
Avg. annual inflation From 1972 36.17%
CPI 1972 0.0001
CPI today 850.3

Value of Lira over time (by year)

Period Value
1972 100
1973 113.94
1974 141.17
1975 171.13
1976 201.01
1977 253.24
1978 409.98
1979 670.5
1980 1,302.52
1981 1,792.46
1982 2,314.74
1983 3,041.35
1984 4,513.12
1985 6,542.3
1986 8,806.6
1987 12,228.48
1988 20,642.84
1989 33,704.1
1990 54,028.98
1991 89,676.52
1992 152,518.37
1993 253,323.54
1994 519,857.96
1995 983,120.61
1996 1,773,669.22
1997 3,293,159.51
1998 6,080,534.16
1999 10,024,824.65
2000 15,529,999.3
2001 23,978,343.14
2002 34,759,992.42
2003 42,268,991.33
2004 45,903,393.37
2005 49,657,909.35
2006 54,423,695.43
2007 59,189,129.06
2008 65,370,926.81
2009 69,457,245.83
2010 75,407,263.89
2011 80,287,524.45
2012 87,426,356.55
2013 93,977,285.74
2014 102,298,576.48
2015 110,145,744.85
2016 118,709,686.66
2017 131,939,071.78
2018 153,487,985.3
2019 176,782,598.73
2020 198,489,681.55
2021 237,386,660.03
2022 409,038,229.39
2023 629,343,817.74
2024-03 904,324,982.82
Today 936,568,807.02

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 | 2022 | 2023 |

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