Value of 1987 Turkish Lira today

₺100 in 1987

₺1,673,093.01 in 2019

The inflation rate in Turkey between 1987 and today has been 1,672,993.01%, which translates into a total increase of ₺1,672,993.01. This means that 100 lira in 1987 are equivalent to 1,673,093.01 lira in 2019. In other words, the purchasing power of ₺100 in 1987 equals ₺1,673,093.01 today. The average annual inflation rate has been 34.27%.

Inflation timeline in Turkey (1987-2019)

The following chart depicts the equivalence of ₺100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1987-2019) 1,653,410.97%
Total Inflation* 1,672,993.01%
Annual inflation avg. (1987-2019) 35.46%
Annual inflation avg.* 34.27%
CPI 1987 0.01
CPI 2019 151.15
CPI today* 152.94
₺1 in 1987 ₺16,535.11 in 2019

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 32 years between 1987 and 2019 and the average inflation rate has been 34.272%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.34)32 = ₺1,653,510.97

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1987 was 0.01 and the CPI today is 152.94. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0.01
= ₺1,653,510.97

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1987 ₺16,730.93 lira today
₺5 lira in 1987 ₺83,654.65 lira today
₺10 lira in 1987 ₺167,309.3 lira today
₺50 lira in 1987 ₺836,546.5 lira today
₺100 lira in 1987 ₺1,673,093.01 lira today
₺500 lira in 1987 ₺8,365,465.04 lira today
₺1,000 lira in 1987 ₺16,730,930.07 lira today
₺5,000 lira in 1987 ₺83,654,650.35 lira today
₺10,000 lira in 1987 ₺167,309,300.7 lira today
₺50,000 lira in 1987 ₺836,546,503.5 lira today
₺100,000 lira in 1987 ₺1,673,093,007.01 lira today
₺500,000 lira in 1987 ₺8,365,465,035.04 lira today
₺1,000,000 lira in 1987 ₺16,730,930,070.08 lira today

Value of Lira in time (by year)

Period Value
1987 100
1988 155.05
1989 250.51
1990 411.53
1991 660.15
1992 1,129.77
1993 1,875.04
1994 3,207.74
1995 7,067.01
1996 12,441.27
1997 22,364.16
1998 44,525.79
1999 75,571.83
2000 127,559.27
2001 177,350.28
2002 298,891.47
2003 387,808.04
2004 437,096.5
2005 477,985.16
2006 514,885.65
2007 564,590.02
2008 611,943.52
2009 673,528.28
2010 717,481.39
2011 763,407.63
2012 843,169.8
2013 895,141.03
2014 961,385.64
2015 1,039,930.37
2016 1,131,530.92
2017 1,228,085.15
2018 1,374,469.33
2019 1,653,510.97
Today 1,673,093.01