Value of 1977 Turkish Lira today

₺100 in 1977

₺77,610,655.58 in 2019

The inflation rate in Turkey between 1977 and today has been 77,610,555.58%, which translates into a total increase of ₺77,610,555.58. This means that 100 lira in 1977 are equivalent to 77,610,655.58 lira in 2019. In other words, the purchasing power of ₺100 in 1977 equals ₺77,610,655.58 today. The average annual inflation rate has been 37.08%.

Inflation timeline in Turkey (1977-2019)

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 (1977-2019) 76,659,468%
Total Inflation* 77,610,555.58%
Annual inflation avg. (1977-2019) 38.07%
Annual inflation avg.* 37.08%
CPI 1977 0
CPI 2019 151.15
CPI today* 153.03
₺1 in 1977 ₺766,595.68 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 42 years between 1977 and 2019 and the average inflation rate has been 37.0803%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.37)42 = ₺76,659,568

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 1977 was 0 and the CPI today is 153.03. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0
= ₺76,659,568

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1977 ₺776,106.56 lira today
₺5 lira in 1977 ₺3,880,532.78 lira today
₺10 lira in 1977 ₺7,761,065.56 lira today
₺50 lira in 1977 ₺38,805,327.79 lira today
₺100 lira in 1977 ₺77,610,655.58 lira today
₺500 lira in 1977 ₺388,053,277.92 lira today
₺1,000 lira in 1977 ₺776,106,555.85 lira today
₺5,000 lira in 1977 ₺3,880,532,779.23 lira today
₺10,000 lira in 1977 ₺7,761,065,558.46 lira today
₺50,000 lira in 1977 ₺38,805,327,792.32 lira today
₺100,000 lira in 1977 ₺77,610,655,584.65 lira today
₺500,000 lira in 1977 ₺388,053,277,923.23 lira today
₺1,000,000 lira in 1977 ₺776,106,555,846.46 lira today

Value of Lira in time (by year)

Period Value
1977 100
1978 146.77
1979 225.98
1980 410.92
1981 719.41
1982 925.14
1983 1,199.37
1984 1,643.84
1985 2,460.57
1986 3,547.98
1987 4,636.17
1988 7,188.44
1989 11,614.02
1990 19,079.4
1991 30,605.85
1992 52,378.03
1993 86,930.03
1994 148,716.38
1995 327,638.58
1996 576,798.18
1997 1,036,840.18
1998 2,064,291.16
1999 3,503,638.17
2000 5,913,863.59
2001 8,222,259.3
2002 13,857,114.53
2003 17,979,437.38
2004 20,264,533.79
2005 22,160,201.2
2006 23,870,970.36
2007 26,175,349.3
2008 28,370,737.82
2009 31,225,911.42
2010 33,263,651.82
2011 35,392,870.13
2012 39,090,779.53
2013 41,500,253.84
2014 44,571,465.81
2015 48,212,932.48
2016 52,459,689.01
2017 56,936,106.46
2018 63,722,725.14
2019 76,659,568
Today 77,610,655.58