Value of 1989 Turkish Lira today

₺100 in 1989

₺662,782.08 today

The inflation rate in Turkey between 1989 and today has been 662,682.08%, which translates into a total increase of ₺662,682.08. This means that 100 lira in 1989 are equivalent to 662,782.08 lira in 2018. In other words, the purchasing power of ₺100 in 1989 equals ₺662,782.08 today. The average annual inflation rate has been 34.08%.

Inflation timeline in Turkey (1989-2019)

The following chart ilustrates the equivalence of ₺100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1989-2018) 548,570.62%
Total Inflation* 662,682.08%
Annual inflation avg. (1989-2018) 34.57%
Annual inflation avg.* 34.08%
CPI 1989 0.02
CPI 2018 125.64
CPI today* 151.78
₺1 in 1989 ₺5,486.71 in 2018

* 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 29 years between 1989 and 2018 and the average inflation rate has been 34.0846%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.34)29 = ₺548,670.62

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 1989 was 0.02 and the CPI today is 151.78. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
125.64/0.02
= ₺548,670.62

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1989 ₺6,627.82 lira today
₺5 lira in 1989 ₺33,139.1 lira today
₺10 lira in 1989 ₺66,278.21 lira today
₺50 lira in 1989 ₺331,391.04 lira today
₺100 lira in 1989 ₺662,782.08 lira today
₺500 lira in 1989 ₺3,313,910.42 lira today
₺1,000 lira in 1989 ₺6,627,820.84 lira today
₺5,000 lira in 1989 ₺33,139,104.18 lira today
₺10,000 lira in 1989 ₺66,278,208.37 lira today
₺50,000 lira in 1989 ₺331,391,041.83 lira today
₺100,000 lira in 1989 ₺662,782,083.66 lira today
₺500,000 lira in 1989 ₺3,313,910,418.28 lira today
₺1,000,000 lira in 1989 ₺6,627,820,836.56 lira today

Value of Lira in time (by year)

Period Value
1989 100
1990 164.28
1991 263.52
1992 450.99
1993 748.49
1994 1,280.49
1995 2,821.06
1996 4,966.39
1997 8,927.49
1998 17,774.13
1999 30,167.31
2000 50,920.03
2001 70,795.97
2002 119,313.66
2003 154,808.02
2004 174,483.35
2005 190,805.58
2006 205,535.78
2007 225,377.13
2008 244,280.05
2009 268,863.9
2010 286,409.41
2011 304,742.58
2012 336,582.63
2013 357,328.88
2014 383,772.88
2015 415,126.93
2016 451,692.7
2017 490,235.92
2018 548,670.62
Today 662,782.08