Value of 1987 Turkish Lira today

₺100 in 1987
₺3,726,678.02 in 2022

The inflation rate in Turkey between 1987 and today has been 3,726,578.02%, which translates into a total increase of ₺3,726,578.02. This means that 100 lira in 1987 are equivalent to 3,726,678.02 lira in 2022. In other words, the purchasing power of ₺100 in 1987 equals ₺3,726,678.02 today. The average annual inflation rate between these periods has been 35.09%.

Inflation timeline in Turkey (1987 - 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 1987-2021 1,941,160.61%
Cumulative inflation 1987-today 3,726,578.02%
Avg. Annual inflation 1987-2021 33.7%
CPI 1987 0.01
CPI 2021 215.52
CPI 2022-08 (latest official data) 389.76
CPI today 413.74

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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=₺ 100 ×
215.52/0.01
₺1,941,260.61

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 413.74:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=₺ 100 ×
413.74/0.01
₺3,726,678.02

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 34 years between 1987 and 2021 and the average inflation rate was 33.6965%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.336965)34
₺1,941,260.61

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1987 ₺19,412.61 lira in 2021
₺5 lira in 1987 ₺97,063.03 lira in 2021
₺10 lira in 1987 ₺194,126.06 lira in 2021
₺50 lira in 1987 ₺970,630.3 lira in 2021
₺100 lira in 1987 ₺1,941,260.61 lira in 2021
₺500 lira in 1987 ₺9,706,303.05 lira in 2021
₺1,000 lira in 1987 ₺19,412,606.09 lira in 2021
₺5,000 lira in 1987 ₺97,063,030.47 lira in 2021
₺10,000 lira in 1987 ₺194,126,060.95 lira in 2021
₺50,000 lira in 1987 ₺970,630,304.74 lira in 2021
₺100,000 lira in 1987 ₺1,941,260,609.49 lira in 2021
₺500,000 lira in 1987 ₺9,706,303,047.44 lira in 2021
₺1,000,000 lira in 1987 ₺19,412,606,094.89 lira in 2021
Cumulative inflation From 1987 3,726,578.02%
Avg. annual inflation From 1987 35.09%
CPI 1987 0.01
CPI today 413.74

Value of Lira over time (by year)

Period Value
1987 100
1988 168.81
1989 275.62
1990 441.83
1991 733.34
1992 1,247.24
1993 2,071.59
1994 4,251.21
1995 8,039.6
1996 14,504.41
1997 26,930.24
1998 49,724.37
1999 81,979.32
2000 126,998.61
2001 196,086.05
2002 284,254.41
2003 345,660.23
2004 375,381.03
2005 406,084.08
2006 445,056.92
2007 484,026.88
2008 534,579.34
2009 567,995.76
2010 616,652.81
2011 656,561.78
2012 714,940.52
2013 768,511.6
2014 836,560.05
2015 900,731.3
2016 970,764.06
2017 1,078,949.1
2018 1,255,168.17
2019 1,445,662.93
2020 1,623,175.46
2021 1,941,260.61
2022-08 3,510,669.61
Today 3,726,678.02

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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