Value of 1976 Turkish Lira today

₺100 in 1976

₺92,304,518.29 in 2019

The inflation rate in Turkey between 1976 and today has been 92,304,418.29%, which translates into a total increase of ₺92,304,418.29. This means that 100 lira in 1976 are equivalent to 92,304,518.29 lira in 2019. In other words, the purchasing power of ₺100 in 1976 equals ₺92,304,518.29 today. The average annual inflation rate has been 36.64%.

Inflation timeline in Turkey (1976-2019)

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 (1976-2019) 91,479,001.43%
Total Inflation* 92,304,418.29%
Annual inflation avg. (1976-2019) 37.61%
Annual inflation avg.* 36.64%
CPI 1976 0
CPI 2019 151.15
CPI today* 152.52
₺1 in 1976 ₺914,791.01 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 43 years between 1976 and 2019 and the average inflation rate has been 36.6386%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.37)43 = ₺91,479,101.43

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 1976 was 0 and the CPI today is 152.52. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺91,479,101.43

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1976 ₺923,045.18 lira today
₺5 lira in 1976 ₺4,615,225.91 lira today
₺10 lira in 1976 ₺9,230,451.83 lira today
₺50 lira in 1976 ₺46,152,259.14 lira today
₺100 lira in 1976 ₺92,304,518.29 lira today
₺500 lira in 1976 ₺461,522,591.44 lira today
₺1,000 lira in 1976 ₺923,045,182.88 lira today
₺5,000 lira in 1976 ₺4,615,225,914.42 lira today
₺10,000 lira in 1976 ₺9,230,451,828.84 lira today
₺50,000 lira in 1976 ₺46,152,259,144.2 lira today
₺100,000 lira in 1976 ₺92,304,518,288.4 lira today
₺500,000 lira in 1976 ₺461,522,591,442.02 lira today
₺1,000,000 lira in 1976 ₺923,045,182,884.04 lira today

Value of Lira in time (by year)

Period Value
1976 100
1977 119.33
1978 175.14
1979 269.67
1980 490.36
1981 858.48
1982 1,103.98
1983 1,431.23
1984 1,961.63
1985 2,936.24
1986 4,233.86
1987 5,532.42
1988 8,578.08
1989 13,859.2
1990 22,767.75
1991 36,522.45
1992 62,503.56
1993 103,735
1994 177,465.66
1995 390,976.41
1996 688,302.59
1997 1,237,278.14
1998 2,463,352
1999 4,180,948.05
2000 7,057,109
2001 9,811,754.91
2002 16,535,918.72
2003 21,455,153.2
2004 24,181,995.67
2005 26,444,126.24
2006 28,485,614.72
2007 31,235,467.35
2008 33,855,259.96
2009 37,262,384.75
2010 39,694,053.31
2011 42,234,883.93
2012 46,647,658.98
2013 49,522,923.61
2014 53,187,850.49
2015 57,533,271.52
2016 62,600,994.73
2017 67,942,776.01
2018 76,041,357.76
2019 91,479,101.43
Today 92,304,518.29