Value of 1975 Turkish Lira today

₺100 in 1975

₺107,371,556.85 in 2019

The inflation rate in Turkey between 1975 and today has been 107,371,456.85%, which translates into a total increase of ₺107,371,456.85. This means that 100 lira in 1975 are equivalent to 107,371,556.85 lira in 2019. In other words, the purchasing power of ₺100 in 1975 equals ₺107,371,556.85 today. The average annual inflation rate has been 36.15%.

Inflation timeline in Turkey (1975-2019)

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 (1975-2019) 106,351,866.06%
Total Inflation* 107,371,456.85%
Annual inflation avg. (1975-2019) 37.08%
Annual inflation avg.* 36.15%
CPI 1975 0
CPI 2019 151.15
CPI today* 152.6
₺1 in 1975 ₺1,063,519.66 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 44 years between 1975 and 2019 and the average inflation rate has been 36.1507%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.36)44 = ₺106,351,966.06

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 1975 was 0 and the CPI today is 152.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺106,351,966.06

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1975 ₺1,073,715.57 lira today
₺5 lira in 1975 ₺5,368,577.84 lira today
₺10 lira in 1975 ₺10,737,155.69 lira today
₺50 lira in 1975 ₺53,685,778.43 lira today
₺100 lira in 1975 ₺107,371,556.85 lira today
₺500 lira in 1975 ₺536,857,784.27 lira today
₺1,000 lira in 1975 ₺1,073,715,568.54 lira today
₺5,000 lira in 1975 ₺5,368,577,842.69 lira today
₺10,000 lira in 1975 ₺10,737,155,685.38 lira today
₺50,000 lira in 1975 ₺53,685,778,426.88 lira today
₺100,000 lira in 1975 ₺107,371,556,853.77 lira today
₺500,000 lira in 1975 ₺536,857,784,268.85 lira today
₺1,000,000 lira in 1975 ₺1,073,715,568,537.69 lira today

Value of Lira in time (by year)

Period Value
1975 100
1976 116.26
1977 138.73
1978 203.62
1979 313.51
1980 570.08
1981 998.06
1982 1,283.47
1983 1,663.92
1984 2,280.55
1985 3,413.62
1986 4,922.21
1987 6,431.89
1988 9,972.72
1989 16,112.46
1990 26,469.38
1991 42,460.35
1992 72,665.52
1993 120,600.46
1994 206,318.4
1995 454,542.18
1996 800,208.27
1997 1,438,437.43
1998 2,863,848.95
1999 4,860,695.38
2000 8,204,468.62
2001 11,406,970.65
2002 19,224,363.15
2003 24,943,377.11
2004 28,113,555.37
2005 30,743,467.87
2006 33,116,865.85
2007 36,313,795.3
2008 39,359,519.29
2009 43,320,581.6
2010 46,147,595.95
2011 49,101,520.15
2012 54,231,733.44
2013 57,574,464.64
2014 61,835,243.04
2015 66,887,151.76
2016 72,778,796.06
2017 78,989,055.37
2018 88,404,321.56
2019 106,351,966.06
Today 107,371,556.85