Value of 1979 Turkish Lira today

₺100 in 1979
₺68,388,537.48 in 2022

The inflation rate in Turkey between 1979 and today has been 68,388,437.48%, which translates into a total increase of ₺68,388,437.48. This means that 100 lira in 1979 are equivalent to 68,388,537.48 lira in 2022. In other words, the purchasing power of ₺100 in 1979 equals ₺68,388,537.48 today. The average annual inflation rate between these periods has been 36.68%.

Inflation timeline in Turkey (1979 - 2022)

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 1979-2021 35,404,242.38%
Cumulative inflation 1979-today 68,388,437.48%
Avg. Annual inflation 1979-2021 35.56%
CPI 1979 0
CPI 2021 215.52
CPI 2022-08 (latest official data) 389.76
CPI today 416.31

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 1979 and 2021, use the corresponding CPI values:

Value2021
=Value1979 ×
CPI2021/CPI1979
=₺ 100 ×
215.52/0.001
₺35,404,342.38

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 416.31:

Valuetoday
=Value1979 ×
CPItoday/CPI1979
=₺ 100 ×
416.31/0.001
₺68,388,537.48

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 42 years between 1979 and 2021 and the average inflation rate was 35.5565%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.355565)42
₺35,404,342.38

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1979 ₺354,043.42 lira in 2021
₺5 lira in 1979 ₺1,770,217.12 lira in 2021
₺10 lira in 1979 ₺3,540,434.24 lira in 2021
₺50 lira in 1979 ₺17,702,171.19 lira in 2021
₺100 lira in 1979 ₺35,404,342.38 lira in 2021
₺500 lira in 1979 ₺177,021,711.89 lira in 2021
₺1,000 lira in 1979 ₺354,043,423.77 lira in 2021
₺5,000 lira in 1979 ₺1,770,217,118.86 lira in 2021
₺10,000 lira in 1979 ₺3,540,434,237.72 lira in 2021
₺50,000 lira in 1979 ₺17,702,171,188.6 lira in 2021
₺100,000 lira in 1979 ₺35,404,342,377.2 lira in 2021
₺500,000 lira in 1979 ₺177,021,711,886.01 lira in 2021
₺1,000,000 lira in 1979 ₺354,043,423,772.01 lira in 2021
Cumulative inflation From 1979 68,388,437.48%
Avg. annual inflation From 1979 36.68%
CPI 1979 0.001
CPI today 416.31

Value of Lira over time (by year)

Period Value
1979 100
1980 194.26
1981 267.33
1982 345.23
1983 453.59
1984 673.1
1985 975.73
1986 1,313.43
1987 1,823.78
1988 3,078.72
1989 5,026.7
1990 8,057.99
1991 13,374.54
1992 22,746.91
1993 37,781.2
1994 77,532.7
1995 146,624.66
1996 264,528.73
1997 491,148.69
1998 906,863.57
1999 1,495,123.29
2000 2,316,176.54
2001 3,576,180.19
2002 5,184,177.88
2003 6,304,085.67
2004 6,846,127.98
2005 7,406,084.34
2006 8,116,863.63
2007 8,827,590.35
2008 9,749,556.58
2009 10,358,998.74
2010 11,246,396.86
2011 11,974,249.12
2012 13,038,949.45
2013 14,015,968.71
2014 15,257,023.4
2015 16,427,366.48
2016 17,704,610.65
2017 19,677,668.79
2018 22,891,518.76
2019 26,365,726.07
2020 29,603,165.75
2021 35,404,342.38
2022-08 64,026,925.77
Today 68,388,537.48

All available years

Today's value of turkish lira by year:

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 |

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