Value of 1973 Turkish Lira today

₺100 in 1973

₺159,376,085.73 today

The inflation rate in Turkey between 1973 and today has been 159,375,985.73%, which translates into a total increase of ₺159,375,985.73. This means that 100 lira in 1973 are equivalent to 159,376,085.73 lira in 2018. In other words, the purchasing power of ₺100 in 1973 equals ₺159,376,085.73 today. The average annual inflation rate has been 36.41%.

Inflation timeline in Turkey (1973-2019)

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 (1973-2018) 131,936,139.25%
Total Inflation* 159,375,985.73%
Annual inflation avg. (1973-2018) 36.78%
Annual inflation avg.* 36.41%
CPI 1973 0
CPI 2018 125.64
CPI today* 151.78
₺1 in 1973 ₺1,319,362.39 in 2018

* 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 45 years between 1973 and 2018 and the average inflation rate has been 36.4066%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.36)45 = ₺131,936,239.25

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 1973 was 0 and the CPI today is 151.78. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
125.64/0
= ₺131,936,239.25

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1973 ₺1,593,760.86 lira today
₺5 lira in 1973 ₺7,968,804.29 lira today
₺10 lira in 1973 ₺15,937,608.57 lira today
₺50 lira in 1973 ₺79,688,042.87 lira today
₺100 lira in 1973 ₺159,376,085.73 lira today
₺500 lira in 1973 ₺796,880,428.65 lira today
₺1,000 lira in 1973 ₺1,593,760,857.3 lira today
₺5,000 lira in 1973 ₺7,968,804,286.52 lira today
₺10,000 lira in 1973 ₺15,937,608,573.04 lira today
₺50,000 lira in 1973 ₺79,688,042,865.2 lira today
₺100,000 lira in 1973 ₺159,376,085,730.4 lira today
₺500,000 lira in 1973 ₺796,880,428,652 lira today
₺1,000,000 lira in 1973 ₺1,593,760,857,304 lira today

Value of Lira in time (by year)

Period Value
1973 100
1974 119.76
1975 149.24
1976 173.51
1977 207.05
1978 303.88
1979 467.89
1980 850.8
1981 1,489.52
1982 1,915.48
1983 2,483.27
1984 3,403.54
1985 5,094.55
1986 7,346
1987 9,599.07
1988 14,883.47
1989 24,046.53
1990 39,503.4
1991 63,368.61
1992 108,447.35
1993 179,986.35
1994 307,913.39
1995 678,367.13
1996 1,194,245.57
1997 2,146,750.53
1998 4,274,060.97
1999 7,254,191.39
2000 12,244,500.22
2001 17,023,973.29
2002 28,690,793.96
2003 37,225,955.83
2004 41,957,188.31
2005 45,882,118.22
2006 49,424,221.1
2007 54,195,377.56
2008 58,740,872.19
2009 64,652,434.61
2010 68,871,522.93
2011 73,280,013.86
2012 80,936,438.76
2013 85,925,192.43
2014 92,284,056.66
2015 99,823,618.36
2016 108,616,416.92
2017 117,884,722.41
2018 131,936,239.25
Today 159,376,085.73