Value of 1986 Turkish Lira today

₺100 in 1986
₺5,164,000.06 in 2022

The inflation rate in Turkey between 1986 and today has been 5,163,900.06%, which translates into a total increase of ₺5,163,900.06. This means that 100 lira in 1986 are equivalent to 5,164,000.06 lira in 2022. In other words, the purchasing power of ₺100 in 1986 equals ₺5,164,000.06 today. The average annual inflation rate between these periods has been 35.18%.

Inflation timeline in Turkey (1986 - 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 1986-2021 2,695,454.85%
Cumulative inflation 1986-today 5,163,900.06%
Avg. Annual inflation 1986-2021 33.84%
CPI 1986 0.01
CPI 2021 215.52
CPI 2022-08 (latest official data) 389.76
CPI today 412.88

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 1986 and 2021, use the corresponding CPI values:

Value2021
=Value1986 ×
CPI2021/CPI1986
=₺ 100 ×
215.52/0.01
₺2,695,554.85

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 412.88:

Valuetoday
=Value1986 ×
CPItoday/CPI1986
=₺ 100 ×
412.88/0.01
₺5,164,000.06

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 35 years between 1986 and 2021 and the average inflation rate was 33.8412%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.338412)35
₺2,695,554.85

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1986 ₺26,955.55 lira in 2021
₺5 lira in 1986 ₺134,777.74 lira in 2021
₺10 lira in 1986 ₺269,555.48 lira in 2021
₺50 lira in 1986 ₺1,347,777.42 lira in 2021
₺100 lira in 1986 ₺2,695,554.85 lira in 2021
₺500 lira in 1986 ₺13,477,774.23 lira in 2021
₺1,000 lira in 1986 ₺26,955,548.46 lira in 2021
₺5,000 lira in 1986 ₺134,777,742.31 lira in 2021
₺10,000 lira in 1986 ₺269,555,484.63 lira in 2021
₺50,000 lira in 1986 ₺1,347,777,423.13 lira in 2021
₺100,000 lira in 1986 ₺2,695,554,846.26 lira in 2021
₺500,000 lira in 1986 ₺13,477,774,231.3 lira in 2021
₺1,000,000 lira in 1986 ₺26,955,548,462.59 lira in 2021
Cumulative inflation From 1986 5,163,900.06%
Avg. annual inflation From 1986 35.18%
CPI 1986 0.01
CPI today 412.88

Value of Lira over time (by year)

Period Value
1986 100
1987 138.86
1988 234.4
1989 382.71
1990 613.51
1991 1,018.29
1992 1,731.86
1993 2,876.52
1994 5,903.05
1995 11,163.46
1996 20,140.23
1997 37,394.23
1998 69,045.22
1999 113,833.12
2000 176,345.06
2001 272,277.05
2002 394,704.01
2003 479,969.62
2004 521,238.7
2005 563,871.69
2006 617,987.78
2007 672,099.87
2008 742,294.95
2009 788,695.61
2010 856,258.8
2011 911,674.76
2012 992,737.08
2013 1,067,123.69
2014 1,161,612.97
2015 1,250,718.54
2016 1,347,963.15
2017 1,498,184.46
2018 1,742,875.03
2019 2,007,388.24
2020 2,253,874.85
2021 2,695,554.85
2022-08 4,874,771.81
Today 5,164,000.06

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 |

Other currencies: