Value of 1981 Turkish Lira today

₺100 in 1981

₺10,699,834.49 today

The inflation rate in Turkey between 1981 and today has been 10,699,734.49%, which translates into a total increase of ₺10,699,734.49. This means that 100 lira in 1981 are equivalent to 10,699,834.49 lira in 2018. In other words, the purchasing power of ₺100 in 1981 equals ₺10,699,834.49 today. The average annual inflation rate has been 35.63%.

Inflation timeline in Turkey (1981-2019)

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 (1981-2018) 8,857,539.56%
Total Inflation* 10,699,734.49%
Annual inflation avg. (1981-2018) 36.05%
Annual inflation avg.* 35.63%
CPI 1981 0
CPI 2018 125.64
CPI today* 151.78
₺1 in 1981 ₺88,576.4 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 37 years between 1981 and 2018 and the average inflation rate has been 35.6288%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.36)37 = ₺8,857,639.56

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 1981 was 0 and the CPI today is 151.78. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
125.64/0
= ₺8,857,639.56

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1981 ₺106,998.34 lira today
₺5 lira in 1981 ₺534,991.72 lira today
₺10 lira in 1981 ₺1,069,983.45 lira today
₺50 lira in 1981 ₺5,349,917.24 lira today
₺100 lira in 1981 ₺10,699,834.49 lira today
₺500 lira in 1981 ₺53,499,172.43 lira today
₺1,000 lira in 1981 ₺106,998,344.85 lira today
₺5,000 lira in 1981 ₺534,991,724.27 lira today
₺10,000 lira in 1981 ₺1,069,983,448.54 lira today
₺50,000 lira in 1981 ₺5,349,917,242.7 lira today
₺100,000 lira in 1981 ₺10,699,834,485.4 lira today
₺500,000 lira in 1981 ₺53,499,172,427.01 lira today
₺1,000,000 lira in 1981 ₺106,998,344,854.03 lira today

Value of Lira in time (by year)

Period Value
1981 100
1982 128.6
1983 166.72
1984 228.5
1985 342.03
1986 493.18
1987 644.44
1988 999.21
1989 1,614.38
1990 2,652.09
1991 4,254.3
1992 7,280.7
1993 12,083.52
1994 20,672
1995 45,542.69
1996 80,176.58
1997 144,123.73
1998 286,942.33
1999 487,015.64
2000 822,043.82
2001 1,142,917.37
2002 1,926,178.23
2003 2,499,192.8
2004 2,816,827.68
2005 3,080,330.83
2006 3,318,132.6
2007 3,638,447.81
2008 3,943,613.04
2009 4,340,490.27
2010 4,623,741.97
2011 4,919,709.35
2012 5,433,729.25
2013 5,768,653.01
2014 6,195,560.19
2015 6,701,734.39
2016 7,292,045.59
2017 7,914,280.32
2018 8,857,639.56
Today 10,699,834.49