Value of 1981 Turkish Lira today

₺100 in 1981
₺28,016,026.38 in 2023

The inflation rate in Turkey between 1981 and today has been 28,015,926.38%, which translates into a total increase of ₺28,015,926.38. This means that 100 lira in 1981 are equivalent to 28,016,026.38 lira in 2023. In other words, the purchasing power of ₺100 in 1981 equals ₺28,016,026.38 today. The average annual inflation rate between these periods has been 34.8%.

Inflation timeline in Turkey (1981 - 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 1981-2022 22,819,807.15%
Cumulative inflation 1981-today 28,015,926.38%
Avg. Annual inflation 1981-2022 35.11%
CPI 1981 0
CPI 2022 371.36
CPI 2022-12 (latest official data) 433.04
CPI today 455.92

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 1981 and 2022, use the corresponding CPI values:

Value2022
=Value1981 ×
CPI2022/CPI1981
=₺ 100 ×
371.36/0.002
₺22,819,907.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 455.92:

Valuetoday
=Value1981 ×
CPItoday/CPI1981
=₺ 100 ×
455.92/0.002
₺28,016,026.38

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 41 years between 1981 and 2022 and the average inflation rate was 35.111%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=₺100 × (1 + 0.35111)41
₺22,819,907.15

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1981 ₺228,199.07 lira in 2022
₺5 lira in 1981 ₺1,140,995.36 lira in 2022
₺10 lira in 1981 ₺2,281,990.71 lira in 2022
₺50 lira in 1981 ₺11,409,953.57 lira in 2022
₺100 lira in 1981 ₺22,819,907.15 lira in 2022
₺500 lira in 1981 ₺114,099,535.75 lira in 2022
₺1,000 lira in 1981 ₺228,199,071.5 lira in 2022
₺5,000 lira in 1981 ₺1,140,995,357.5 lira in 2022
₺10,000 lira in 1981 ₺2,281,990,714.99 lira in 2022
₺50,000 lira in 1981 ₺11,409,953,574.97 lira in 2022
₺100,000 lira in 1981 ₺22,819,907,149.95 lira in 2022
₺500,000 lira in 1981 ₺114,099,535,749.73 lira in 2022
₺1,000,000 lira in 1981 ₺228,199,071,499.46 lira in 2022
Cumulative inflation From 1981 28,015,926.38%
Avg. annual inflation From 1981 34.8%
CPI 1981 0.002
CPI today 455.92

Value of Lira over time (by year)

Period Value
1981 100
1982 129.14
1983 169.67
1984 251.78
1985 364.99
1986 491.31
1987 682.22
1988 1,151.65
1989 1,880.32
1990 3,014.23
1991 5,002.98
1992 8,508.87
1993 14,132.71
1994 29,002.45
1995 54,847.49
1996 98,951.55
1997 183,722.67
1998 339,228.01
1999 559,276.74
2000 866,405.92
2001 1,337,732.09
2002 1,939,231.45
2003 2,358,152.34
2004 2,560,912.65
2005 2,770,374.01
2006 3,036,253.31
2007 3,302,112.94
2008 3,646,990.36
2009 3,874,962.75
2010 4,206,909.37
2011 4,479,175.1
2012 4,877,444.69
2013 5,242,915.65
2014 5,707,153.63
2015 6,144,940.72
2016 6,622,716
2017 7,360,772.54
2018 8,562,968.74
2019 9,862,556.11
2020 11,073,576.45
2021 13,243,606.96
2022 22,819,907.15
2022-12 26,610,352.38
Today 28,016,026.38

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 |

Other currencies: