Value of 1976 Turkish Lira today

₺100 in 1976
₺491,742,328.56 in 2024

The inflation rate in Turkey between 1976 and today has been 491,742,228.56%, which translates into a total increase of ₺491,742,228.56. This means that 100 lira in 1976 are equivalent to 491,742,328.56 lira in 2024. In other words, the purchasing power of ₺100 in 1976 equals ₺491,742,328.56 today. The average annual inflation rate between these periods has been 37.85%.

Inflation timeline in Turkey (1976 - 2024)

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 1976-2023 313,097,162.99%
Cumulative inflation 1976-today 491,742,228.56%
Avg. Annual inflation 1976-2023 37.47%
CPI 1976 0
CPI 2023 571.37
CPI 2024-05 (latest official data) 875.66
CPI today 897.38

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 1976 and 2023, use the corresponding CPI values:

Value2023
=Value1976 ×
CPI2023/CPI1976
=₺ 100 ×
571.37/0.0002
₺313,097,262.99

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 897.38:

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=₺ 100 ×
897.38/0.0002
₺491,742,328.56

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 47 years between 1976 and 2023 and the average inflation rate was 37.4694%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₺100 × (1 + 0.374694)47
₺313,097,262.99

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1976 ₺3,130,972.63 lira in 2023
₺5 lira in 1976 ₺15,654,863.15 lira in 2023
₺10 lira in 1976 ₺31,309,726.3 lira in 2023
₺50 lira in 1976 ₺156,548,631.49 lira in 2023
₺100 lira in 1976 ₺313,097,262.99 lira in 2023
₺500 lira in 1976 ₺1,565,486,314.93 lira in 2023
₺1,000 lira in 1976 ₺3,130,972,629.85 lira in 2023
₺5,000 lira in 1976 ₺15,654,863,149.27 lira in 2023
₺10,000 lira in 1976 ₺31,309,726,298.53 lira in 2023
₺50,000 lira in 1976 ₺156,548,631,492.66 lira in 2023
₺100,000 lira in 1976 ₺313,097,262,985.31 lira in 2023
₺500,000 lira in 1976 ₺1,565,486,314,926.56 lira in 2023
₺1,000,000 lira in 1976 ₺3,130,972,629,853.12 lira in 2023
Cumulative inflation From 1976 491,742,228.56%
Avg. annual inflation From 1976 37.85%
CPI 1976 0.0002
CPI today 897.38

Value of Lira over time (by year)

Period Value
1976 100
1977 125.99
1978 203.97
1979 333.57
1980 648
1981 891.75
1982 1,151.58
1983 1,513.06
1984 2,245.27
1985 3,254.78
1986 4,381.26
1987 6,083.64
1988 10,269.77
1989 16,767.72
1990 26,879.31
1991 44,613.89
1992 75,877.58
1993 126,027.94
1994 258,628.27
1995 489,100.49
1996 882,396.81
1997 1,638,340.12
1998 3,025,053.32
1999 4,987,329.77
2000 7,726,142.91
2001 11,929,176.7
2002 17,293,025.18
2003 21,028,736.79
2004 22,836,844.38
2005 24,704,708.4
2006 27,075,677.24
2007 29,446,470.73
2008 32,521,902.47
2009 34,554,837.83
2010 37,514,959.66
2011 39,942,879.31
2012 43,494,433.69
2013 46,753,507.57
2014 50,893,332.7
2015 54,797,282.93
2016 59,057,826.48
2017 65,639,418.54
2018 76,359,958.97
2019 87,948,981.54
2020 98,748,210.87
2021 118,099,378.16
2022 203,495,683.07
2023 313,097,262.99
2024-05 479,840,298.8
Today 491,742,328.56

All available years

Today's value of turkish lira by year:

1955 | 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 | 2023 |

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