Value of 1984 Turkish Lira today

₺100 in 1984
₺11,127,031.34 in 2023

The inflation rate in Turkey between 1984 and today has been 11,126,931.34%, which translates into a total increase of ₺11,126,931.34. This means that 100 lira in 1984 are equivalent to 11,127,031.34 lira in 2023. In other words, the purchasing power of ₺100 in 1984 equals ₺11,127,031.34 today. The average annual inflation rate between these periods has been 34.71%.

Inflation timeline in Turkey (1984 - 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 1984-2022 9,063,206.07%
Cumulative inflation 1984-today 11,126,931.34%
Avg. Annual inflation 1984-2022 35.04%
CPI 1984 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 1984 and 2022, use the corresponding CPI values:

Value2022
=Value1984 ×
CPI2022/CPI1984
=₺ 100 ×
371.36/0.004
₺9,063,306.07

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

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=₺ 100 ×
455.92/0.004
₺11,127,031.34

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 38 years between 1984 and 2022 and the average inflation rate was 35.0377%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=₺100 × (1 + 0.350377)38
₺9,063,306.07

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1984 ₺90,633.06 lira in 2022
₺5 lira in 1984 ₺453,165.3 lira in 2022
₺10 lira in 1984 ₺906,330.61 lira in 2022
₺50 lira in 1984 ₺4,531,653.04 lira in 2022
₺100 lira in 1984 ₺9,063,306.07 lira in 2022
₺500 lira in 1984 ₺45,316,530.37 lira in 2022
₺1,000 lira in 1984 ₺90,633,060.73 lira in 2022
₺5,000 lira in 1984 ₺453,165,303.65 lira in 2022
₺10,000 lira in 1984 ₺906,330,607.3 lira in 2022
₺50,000 lira in 1984 ₺4,531,653,036.52 lira in 2022
₺100,000 lira in 1984 ₺9,063,306,073.03 lira in 2022
₺500,000 lira in 1984 ₺45,316,530,365.15 lira in 2022
₺1,000,000 lira in 1984 ₺90,633,060,730.3 lira in 2022
Cumulative inflation From 1984 11,126,931.34%
Avg. annual inflation From 1984 34.71%
CPI 1984 0.004
CPI today 455.92

Value of Lira over time (by year)

Period Value
1984 100
1985 144.96
1986 195.13
1987 270.95
1988 457.4
1989 746.8
1990 1,197.15
1991 1,987.02
1992 3,379.44
1993 5,613.04
1994 11,518.81
1995 21,783.59
1996 39,300.26
1997 72,968.52
1998 134,730.05
1999 222,126.07
2000 344,107.54
2001 531,302.57
2002 770,198.06
2003 936,579.46
2004 1,017,109.1
2005 1,100,300.17
2006 1,205,898.55
2007 1,311,489.13
2008 1,448,462.94
2009 1,539,005.97
2010 1,670,844.1
2011 1,778,978.97
2012 1,937,158.37
2013 2,082,311.24
2014 2,266,691.09
2015 2,440,565.52
2016 2,630,321.93
2017 2,923,453.37
2018 3,400,925.61
2019 3,917,078.37
2020 4,398,055.26
2021 5,259,919.01
2022 9,063,306.07
2022-12 10,568,744.51
Today 11,127,031.34

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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