Value of 1975 Turkish Lira today

₺100 in 1975
₺259,126,706 in 2022

The inflation rate in Turkey between 1975 and today has been 259,126,606%, which translates into a total increase of ₺259,126,606. This means that 100 lira in 1975 are equivalent to 259,126,706 lira in 2022. In other words, the purchasing power of ₺100 in 1975 equals ₺259,126,706 today. The average annual inflation rate between these periods has been 36.92%.

Inflation timeline in Turkey (1975 - 2022)

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 1975-2021 138,714,348.55%
Cumulative inflation 1975-today 259,126,606%
Avg. Annual inflation 1975-2021 36%
CPI 1975 0
CPI 2021 215.52
CPI 2022-08 (latest official data) 389.76
CPI today 402.6

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 1975 and 2021, use the corresponding CPI values:

Value2021
=Value1975 ×
CPI2021/CPI1975
=₺ 100 ×
215.52/0.0002
₺138,714,448.55

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 402.6:

Valuetoday
=Value1975 ×
CPItoday/CPI1975
=₺ 100 ×
402.6/0.0002
₺259,126,706

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 46 years between 1975 and 2021 and the average inflation rate was 35.9955%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.359955)46
₺138,714,448.55

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1975 ₺1,387,144.49 lira in 2021
₺5 lira in 1975 ₺6,935,722.43 lira in 2021
₺10 lira in 1975 ₺13,871,444.86 lira in 2021
₺50 lira in 1975 ₺69,357,224.28 lira in 2021
₺100 lira in 1975 ₺138,714,448.55 lira in 2021
₺500 lira in 1975 ₺693,572,242.76 lira in 2021
₺1,000 lira in 1975 ₺1,387,144,485.51 lira in 2021
₺5,000 lira in 1975 ₺6,935,722,427.57 lira in 2021
₺10,000 lira in 1975 ₺13,871,444,855.15 lira in 2021
₺50,000 lira in 1975 ₺69,357,224,275.74 lira in 2021
₺100,000 lira in 1975 ₺138,714,448,551.49 lira in 2021
₺500,000 lira in 1975 ₺693,572,242,757.45 lira in 2021
₺1,000,000 lira in 1975 ₺1,387,144,485,514.89 lira in 2021
Cumulative inflation From 1975 259,126,606%
Avg. annual inflation From 1975 36.92%
CPI 1975 0.0002
CPI today 402.6

Value of Lira over time (by year)

Period Value
1975 100
1976 117.46
1977 147.98
1978 239.57
1979 391.8
1980 761.12
1981 1,047.41
1982 1,352.6
1983 1,777.18
1984 2,637.2
1985 3,822.93
1986 5,146.04
1987 7,145.59
1988 12,062.43
1989 19,694.64
1990 31,571.28
1991 52,401.55
1992 89,122.54
1993 148,027
1994 303,773.64
1995 574,476.39
1996 1,036,425.33
1997 1,924,323.82
1998 3,553,097.48
1999 5,857,902.98
2000 9,074,795.05
2001 14,011,497.72
2002 20,311,643.37
2003 24,699,449.51
2004 26,823,174.89
2005 29,017,087.61
2006 31,801,925.6
2007 34,586,557.63
2008 38,198,827.44
2009 40,586,625.85
2010 44,063,457.59
2011 46,915,187.56
2012 51,086,690.54
2013 54,914,658.5
2014 59,777,118.99
2015 64,362,530.97
2016 69,366,782.11
2017 77,097,236.98
2018 89,689,122.54
2019 103,301,089.85
2020 115,985,400
2021 138,714,448.55
2022-08 250,857,920.36
Today 259,126,706

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 |

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