Value of 1980 Turkish Lira today

₺100 in 1980
₺59,528,118.21 in 2023

The inflation rate in Turkey between 1980 and today has been 59,528,018.21%, which translates into a total increase of ₺59,528,018.21. This means that 100 lira in 1980 are equivalent to 59,528,118.21 lira in 2023. In other words, the purchasing power of ₺100 in 1980 equals ₺59,528,118.21 today. The average annual inflation rate between these periods has been 36.24%.

Inflation timeline in Turkey (1980 - 2023)

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 1980-2022 31,403,458.77%
Cumulative inflation 1980-today 59,528,018.21%
Avg. Annual inflation 1980-2022 35.17%
CPI 1980 0
CPI 2022 371.36
CPI 2023-10 (latest official data) 671.22
CPI today 703.95

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 1980 and 2022, use the corresponding CPI values:

Value2022
=Value1980 ×
CPI2022/CPI1980
=₺ 100 ×
371.36/0.001
₺31,403,558.77

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 703.95:

Valuetoday
=Value1980 ×
CPItoday/CPI1980
=₺ 100 ×
703.95/0.001
₺59,528,118.21

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 1980 and 2022 and the average inflation rate was 35.17%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=₺100 × (1 + 0.3517)42
₺31,403,558.77

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1980 ₺314,035.59 lira in 2022
₺5 lira in 1980 ₺1,570,177.94 lira in 2022
₺10 lira in 1980 ₺3,140,355.88 lira in 2022
₺50 lira in 1980 ₺15,701,779.38 lira in 2022
₺100 lira in 1980 ₺31,403,558.77 lira in 2022
₺500 lira in 1980 ₺157,017,793.84 lira in 2022
₺1,000 lira in 1980 ₺314,035,587.68 lira in 2022
₺5,000 lira in 1980 ₺1,570,177,938.41 lira in 2022
₺10,000 lira in 1980 ₺3,140,355,876.82 lira in 2022
₺50,000 lira in 1980 ₺15,701,779,384.11 lira in 2022
₺100,000 lira in 1980 ₺31,403,558,768.21 lira in 2022
₺500,000 lira in 1980 ₺157,017,793,841.08 lira in 2022
₺1,000,000 lira in 1980 ₺314,035,587,682.15 lira in 2022
Cumulative inflation From 1980 59,528,018.21%
Avg. annual inflation From 1980 36.24%
CPI 1980 0.001
CPI today 703.95

Value of Lira over time (by year)

Period Value
1980 100
1981 137.61
1982 177.71
1983 233.5
1984 346.49
1985 502.28
1986 676.12
1987 938.83
1988 1,584.84
1989 2,587.6
1990 4,148.03
1991 6,884.84
1992 11,709.47
1993 19,448.7
1994 39,911.65
1995 75,478.24
1996 136,171.93
1997 252,829.49
1998 466,827.79
1999 769,647.3
2000 1,192,302.36
2001 1,840,916.7
2002 2,668,668.57
2003 3,245,165.51
2004 3,524,193.6
2005 3,812,443.34
2006 4,178,332.48
2007 4,544,194.55
2008 5,018,796.76
2009 5,332,520.4
2010 5,789,327.92
2011 6,164,005.74
2012 6,712,083.44
2013 7,215,025.4
2014 7,853,885.35
2015 8,456,344.96
2016 9,113,834.24
2017 10,129,508.92
2018 11,783,908.25
2019 13,572,332.19
2020 15,238,874.83
2021 18,225,156.95
2022 31,403,558.77
2023-10 56,761,050.75
Today 59,528,118.21

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 | 2022 |

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