Value of 1974 Turkish Lira today

₺100 in 1974

₺134,103,521.66 in 2019

The inflation rate in Turkey between 1974 and today has been 134,103,421.66%, which translates into a total increase of ₺134,103,421.66. This means that 100 lira in 1974 are equivalent to 134,103,521.66 lira in 2019. In other words, the purchasing power of ₺100 in 1974 equals ₺134,103,521.66 today. The average annual inflation rate has been 35.9%.

Inflation timeline in Turkey (1974-2019)

The following chart depicts the equivalence of ₺100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1974-2019) 132,533,861.61%
Total Inflation* 134,103,421.66%
Annual inflation avg. (1974-2019) 36.79%
Annual inflation avg.* 35.9%
CPI 1974 0
CPI 2019 151.15
CPI today* 152.94
₺1 in 1974 ₺1,325,339.62 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 45 years between 1974 and 2019 and the average inflation rate has been 35.8955%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.36)45 = ₺132,533,961.61

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 1974 was 0 and the CPI today is 152.94. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺132,533,961.61

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1974 ₺1,341,035.22 lira today
₺5 lira in 1974 ₺6,705,176.08 lira today
₺10 lira in 1974 ₺13,410,352.17 lira today
₺50 lira in 1974 ₺67,051,760.83 lira today
₺100 lira in 1974 ₺134,103,521.66 lira today
₺500 lira in 1974 ₺670,517,608.3 lira today
₺1,000 lira in 1974 ₺1,341,035,216.59 lira today
₺5,000 lira in 1974 ₺6,705,176,082.96 lira today
₺10,000 lira in 1974 ₺13,410,352,165.93 lira today
₺50,000 lira in 1974 ₺67,051,760,829.63 lira today
₺100,000 lira in 1974 ₺134,103,521,659.26 lira today
₺500,000 lira in 1974 ₺670,517,608,296.3 lira today
₺1,000,000 lira in 1974 ₺1,341,035,216,592.6 lira today

Value of Lira in time (by year)

Period Value
1974 100
1975 124.62
1976 144.88
1977 172.89
1978 253.74
1979 390.69
1980 710.43
1981 1,243.76
1982 1,599.44
1983 2,073.55
1984 2,841.98
1985 4,253.99
1986 6,133.97
1987 8,015.31
1988 12,427.83
1989 20,079.06
1990 32,985.68
1991 52,913.35
1992 90,554.5
1993 150,290.19
1994 257,110.39
1995 566,442.52
1996 997,205.56
1997 1,792,555.58
1998 3,568,878.52
1999 6,057,313.64
2000 10,224,265.42
2001 14,215,167.49
2002 23,957,065.41
2003 31,084,000.67
2004 35,034,621.42
2005 38,311,972.43
2006 41,269,659.5
2007 45,253,617.12
2008 49,049,145.14
2009 53,985,351.77
2010 57,508,327.64
2011 61,189,456.36
2012 67,582,638.52
2013 71,748,291.73
2014 77,057,999.31
2015 83,353,599.67
2016 90,695,663.84
2017 98,434,780.47
2018 110,167,920.67
2019 132,533,961.61
Today 134,103,521.66