Value of 1973 Turkish Lira today

₺100 in 1973
₺442,219,605.56 in 2023

The inflation rate in Turkey between 1973 and today has been 442,219,505.56%, which translates into a total increase of ₺442,219,505.56. This means that 100 lira in 1973 are equivalent to 442,219,605.56 lira in 2023. In other words, the purchasing power of ₺100 in 1973 equals ₺442,219,605.56 today. The average annual inflation rate between these periods has been 35.8%.

Inflation timeline in Turkey (1973 - 2023)

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 1973-2022 359,000,412.36%
Cumulative inflation 1973-today 442,219,505.56%
Avg. Annual inflation 1973-2022 36.07%
CPI 1973 0
CPI 2022 371.36
CPI 2022-12 (latest official data) 433.04
CPI today 457.45

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 1973 and 2022, use the corresponding CPI values:

Value2022
=Value1973 ×
CPI2022/CPI1973
=₺ 100 ×
371.36/0.0001
₺359,000,512.36

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 457.45:

Valuetoday
=Value1973 ×
CPItoday/CPI1973
=₺ 100 ×
457.45/0.0001
₺442,219,605.56

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 49 years between 1973 and 2022 and the average inflation rate was 36.0747%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=₺100 × (1 + 0.360747)49
₺359,000,512.36

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1973 ₺3,590,005.12 lira in 2022
₺5 lira in 1973 ₺17,950,025.62 lira in 2022
₺10 lira in 1973 ₺35,900,051.24 lira in 2022
₺50 lira in 1973 ₺179,500,256.18 lira in 2022
₺100 lira in 1973 ₺359,000,512.36 lira in 2022
₺500 lira in 1973 ₺1,795,002,561.8 lira in 2022
₺1,000 lira in 1973 ₺3,590,005,123.59 lira in 2022
₺5,000 lira in 1973 ₺17,950,025,617.97 lira in 2022
₺10,000 lira in 1973 ₺35,900,051,235.95 lira in 2022
₺50,000 lira in 1973 ₺179,500,256,179.73 lira in 2022
₺100,000 lira in 1973 ₺359,000,512,359.46 lira in 2022
₺500,000 lira in 1973 ₺1,795,002,561,797.32 lira in 2022
₺1,000,000 lira in 1973 ₺3,590,005,123,594.63 lira in 2022
Cumulative inflation From 1973 442,219,505.56%
Avg. annual inflation From 1973 35.8%
CPI 1973 0.0001
CPI today 457.45

Value of Lira over time (by year)

Period Value
1973 100
1974 123.9
1975 150.2
1976 176.42
1977 222.26
1978 359.83
1979 588.48
1980 1,143.18
1981 1,573.19
1982 2,031.58
1983 2,669.3
1984 3,961.03
1985 5,741.98
1986 7,729.28
1987 10,732.57
1988 18,117.6
1989 29,581.07
1990 47,419.6
1991 78,706.38
1992 133,860.77
1993 222,334.43
1994 456,263.64
1995 862,855.29
1996 1,556,695.96
1997 2,890,306.74
1998 5,336,701.37
1999 8,798,486.12
2000 13,630,211.81
2001 21,045,068.3
2002 30,507,796.56
2003 37,098,218.34
2004 40,288,023.36
2005 43,583,248.75
2006 47,766,035.4
2007 51,948,512.71
2008 57,374,090.08
2009 60,960,528.99
2010 66,182,680.32
2011 70,465,937.76
2012 76,731,475.31
2013 82,481,028.2
2014 89,784,374
2015 96,671,596.92
2016 104,187,910.25
2017 115,798,942.41
2018 134,711,773.63
2019 155,156,752.99
2020 174,208,404.63
2021 208,347,109.04
2022 359,000,512.36
2022-12 418,631,420.2
Today 442,219,605.56

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 |

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