Value of 1982 Turkish Lira today

₺100 in 1982
₺17,060,477.89 in 2022

The inflation rate in Turkey between 1982 and today has been 17,060,377.89%, which translates into a total increase of ₺17,060,377.89. This means that 100 lira in 1982 are equivalent to 17,060,477.89 lira in 2022. In other words, the purchasing power of ₺100 in 1982 equals ₺17,060,477.89 today. The average annual inflation rate between these periods has been 35.14%.

Inflation timeline in Turkey (1982 - 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 1982-2021 10,255,328.67%
Cumulative inflation 1982-today 17,060,377.89%
Avg. Annual inflation 1982-2021 34.43%
CPI 1982 0
CPI 2021 215.52
CPI 2022-04 (latest official data) 347.21
CPI today 358.53

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 1982 and 2021, use the corresponding CPI values:

Value2021
=Value1982 ×
CPI2021/CPI1982
=₺ 100 ×
215.52/0.002
₺10,255,428.67

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 358.53:

Valuetoday
=Value1982 ×
CPItoday/CPI1982
=₺ 100 ×
358.53/0.002
₺17,060,477.89

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 39 years between 1982 and 2021 and the average inflation rate was 34.4268%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.344268)39
₺10,255,428.67

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1982 ₺102,554.29 lira in 2021
₺5 lira in 1982 ₺512,771.43 lira in 2021
₺10 lira in 1982 ₺1,025,542.87 lira in 2021
₺50 lira in 1982 ₺5,127,714.34 lira in 2021
₺100 lira in 1982 ₺10,255,428.67 lira in 2021
₺500 lira in 1982 ₺51,277,143.37 lira in 2021
₺1,000 lira in 1982 ₺102,554,286.74 lira in 2021
₺5,000 lira in 1982 ₺512,771,433.71 lira in 2021
₺10,000 lira in 1982 ₺1,025,542,867.42 lira in 2021
₺50,000 lira in 1982 ₺5,127,714,337.11 lira in 2021
₺100,000 lira in 1982 ₺10,255,428,674.21 lira in 2021
₺500,000 lira in 1982 ₺51,277,143,371.06 lira in 2021
₺1,000,000 lira in 1982 ₺102,554,286,742.11 lira in 2021
Cumulative inflation From 1982 17,060,377.89%
Avg. annual inflation From 1982 35.14%
CPI 1982 0.002
CPI today 358.53

Value of Lira over time (by year)

Period Value
1982 100
1983 131.39
1984 194.97
1985 282.64
1986 380.46
1987 528.29
1988 891.8
1989 1,456.06
1990 2,334.13
1991 3,874.15
1992 6,589
1993 10,943.92
1994 22,458.58
1995 42,472.16
1996 76,624.94
1997 142,269
1998 262,687.4
1999 433,086.15
2000 670,917.23
2001 1,035,897.25
2002 1,501,679.26
2003 1,826,078.29
2004 1,983,089.43
2005 2,145,289.66
2006 2,351,178.14
2007 2,557,051.4
2008 2,824,113.53
2009 3,000,648.1
2010 3,257,697.03
2011 3,468,530.96
2012 3,776,938.28
2013 4,059,947.39
2014 4,419,438.54
2015 4,758,446.96
2016 5,128,420.97
2017 5,699,948.51
2018 6,630,891.08
2019 7,637,250.26
2020 8,575,025.96
2021 10,255,428.67
2022-04 16,522,036.84
Today 17,060,477.89

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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