Value of 1979 Turkish Lira today

₺100 in 1979

₺34,063,017.85 today

The inflation rate in Turkey between 1979 and today has been 34,062,917.85%, which translates into a total increase of ₺34,062,917.85. This means that 100 lira in 1979 are equivalent to 34,063,017.85 lira in 2018. In other words, the purchasing power of ₺100 in 1979 equals ₺34,063,017.85 today. The average annual inflation rate has been 37.5%.

Inflation timeline in Turkey (1979-2019)

The following chart ilustrates the equivalence of ₺100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1979-2018) 28,198,274%
Total Inflation* 34,062,917.85%
Annual inflation avg. (1979-2018) 37.96%
Annual inflation avg.* 37.5%
CPI 1979 0
CPI 2018 125.64
CPI today* 151.78
₺1 in 1979 ₺281,983.74 in 2018

* 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 39 years between 1979 and 2018 and the average inflation rate has been 37.5014%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.38)39 = ₺28,198,374

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 1979 was 0 and the CPI today is 151.78. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
125.64/0
= ₺28,198,374

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1979 ₺340,630.18 lira today
₺5 lira in 1979 ₺1,703,150.89 lira today
₺10 lira in 1979 ₺3,406,301.78 lira today
₺50 lira in 1979 ₺17,031,508.92 lira today
₺100 lira in 1979 ₺34,063,017.85 lira today
₺500 lira in 1979 ₺170,315,089.24 lira today
₺1,000 lira in 1979 ₺340,630,178.48 lira today
₺5,000 lira in 1979 ₺1,703,150,892.41 lira today
₺10,000 lira in 1979 ₺3,406,301,784.83 lira today
₺50,000 lira in 1979 ₺17,031,508,924.13 lira today
₺100,000 lira in 1979 ₺34,063,017,848.26 lira today
₺500,000 lira in 1979 ₺170,315,089,241.28 lira today
₺1,000,000 lira in 1979 ₺340,630,178,482.55 lira today

Value of Lira in time (by year)

Period Value
1979 100
1980 181.84
1981 318.35
1982 409.39
1983 530.74
1984 727.43
1985 1,088.84
1986 1,570.04
1987 2,051.58
1988 3,181
1989 5,139.4
1990 8,442.95
1991 13,543.6
1992 23,178.16
1993 38,467.99
1994 65,809.49
1995 144,985.56
1996 255,242.86
1997 458,819.16
1998 913,483.44
1999 1,550,418.62
2000 2,616,983.77
2001 3,638,487.56
2002 6,132,005.45
2003 7,956,202.41
2004 8,967,395.88
2005 9,806,260.49
2006 10,563,304.51
2007 11,583,030.82
2008 12,554,527.04
2009 13,817,989.22
2010 14,719,723.5
2011 15,661,938.29
2012 17,298,325.19
2013 18,364,557.96
2014 19,723,620.74
2015 21,335,030.78
2016 23,214,291.73
2017 25,195,181.48
2018 28,198,374
Today 34,063,017.85