Value of 1985 Turkish Lira today

₺100 in 1985
₺6,778,228.92 in 2022

The inflation rate in Turkey between 1985 and today has been 6,778,128.92%, which translates into a total increase of ₺6,778,128.92. This means that 100 lira in 1985 are equivalent to 6,778,228.92 lira in 2022. In other words, the purchasing power of ₺100 in 1985 equals ₺6,778,228.92 today. The average annual inflation rate between these periods has been 35.07%.

Inflation timeline in Turkey (1985 - 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 1985-2021 3,628,388.55%
Cumulative inflation 1985-today 6,778,128.92%
Avg. Annual inflation 1985-2021 33.86%
CPI 1985 0.01
CPI 2021 215.52
CPI 2022-08 (latest official data) 389.76
CPI today 402.6

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 1985 and 2021, use the corresponding CPI values:

Value2021
=Value1985 ×
CPI2021/CPI1985
=₺ 100 ×
215.52/0.01
₺3,628,488.55

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 402.6:

Valuetoday
=Value1985 ×
CPItoday/CPI1985
=₺ 100 ×
402.6/0.01
₺6,778,228.92

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 36 years between 1985 and 2021 and the average inflation rate was 33.8625%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.338625)36
₺3,628,488.55

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1985 ₺36,284.89 lira in 2021
₺5 lira in 1985 ₺181,424.43 lira in 2021
₺10 lira in 1985 ₺362,848.86 lira in 2021
₺50 lira in 1985 ₺1,814,244.28 lira in 2021
₺100 lira in 1985 ₺3,628,488.55 lira in 2021
₺500 lira in 1985 ₺18,142,442.76 lira in 2021
₺1,000 lira in 1985 ₺36,284,885.52 lira in 2021
₺5,000 lira in 1985 ₺181,424,427.62 lira in 2021
₺10,000 lira in 1985 ₺362,848,855.25 lira in 2021
₺50,000 lira in 1985 ₺1,814,244,276.25 lira in 2021
₺100,000 lira in 1985 ₺3,628,488,552.49 lira in 2021
₺500,000 lira in 1985 ₺18,142,442,762.46 lira in 2021
₺1,000,000 lira in 1985 ₺36,284,885,524.92 lira in 2021
Cumulative inflation From 1985 6,778,128.92%
Avg. annual inflation From 1985 35.07%
CPI 1985 0.01
CPI today 402.6

Value of Lira over time (by year)

Period Value
1985 100
1986 134.61
1987 186.91
1988 315.53
1989 515.17
1990 825.84
1991 1,370.72
1992 2,331.26
1993 3,872.09
1994 7,946.1
1995 15,027.14
1996 27,110.78
1997 50,336.41
1998 92,941.82
1999 153,230.86
2000 237,378.23
2001 366,512.35
2002 531,311.38
2003 646,087.49
2004 701,639.84
2005 759,028.14
2006 831,873.85
2007 904,714.18
2008 999,203.83
2009 1,061,663.79
2010 1,152,610.66
2011 1,227,206.13
2012 1,336,324.18
2013 1,436,456.06
2014 1,563,648.16
2015 1,683,593.23
2016 1,814,494.29
2017 2,016,707.31
2018 2,346,085.49
2019 2,702,146.93
2020 3,033,942.75
2021 3,628,488.55
2022-08 6,561,934.26
Today 6,778,228.92

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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