Value of 1990 Turkish Lira today

₺100 in 1990
₺740,413.78 in 2022

The inflation rate in Turkey between 1990 and today has been 740,313.78%, which translates into a total increase of ₺740,313.78. This means that 100 lira in 1990 are equivalent to 740,413.78 lira in 2022. In other words, the purchasing power of ₺100 in 1990 equals ₺740,413.78 today. The average annual inflation rate between these periods has been 32.11%.

Inflation timeline in Turkey (1990 - 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 1990-2021 439,269.15%
Cumulative inflation 1990-today 740,313.78%
Avg. Annual inflation 1990-2021 31.07%
CPI 1990 0.05
CPI 2021 215.52
CPI 2022-04 (latest official data) 347.21
CPI today 363.19

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 1990 and 2021, use the corresponding CPI values:

Value2021
=Value1990 ×
CPI2021/CPI1990
=₺ 100 ×
215.52/0.05
₺439,369.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 363.19:

Valuetoday
=Value1990 ×
CPItoday/CPI1990
=₺ 100 ×
363.19/0.05
₺740,413.78

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 31 years between 1990 and 2021 and the average inflation rate was 31.0722%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.310722)31
₺439,369.15

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1990 ₺4,393.69 lira in 2021
₺5 lira in 1990 ₺21,968.46 lira in 2021
₺10 lira in 1990 ₺43,936.92 lira in 2021
₺50 lira in 1990 ₺219,684.58 lira in 2021
₺100 lira in 1990 ₺439,369.15 lira in 2021
₺500 lira in 1990 ₺2,196,845.77 lira in 2021
₺1,000 lira in 1990 ₺4,393,691.54 lira in 2021
₺5,000 lira in 1990 ₺21,968,457.72 lira in 2021
₺10,000 lira in 1990 ₺43,936,915.44 lira in 2021
₺50,000 lira in 1990 ₺219,684,577.22 lira in 2021
₺100,000 lira in 1990 ₺439,369,154.45 lira in 2021
₺500,000 lira in 1990 ₺2,196,845,772.24 lira in 2021
₺1,000,000 lira in 1990 ₺4,393,691,544.49 lira in 2021
Cumulative inflation From 1990 740,313.78%
Avg. annual inflation From 1990 32.11%
CPI 1990 0.05
CPI today 363.19

Value of Lira over time (by year)

Period Value
1990 100
1991 165.98
1992 282.29
1993 468.87
1994 962.18
1995 1,819.62
1996 3,282.81
1997 6,095.17
1998 11,254.21
1999 18,554.53
2000 28,743.83
2001 44,380.52
2002 64,335.83
2003 78,233.93
2004 84,960.69
2005 91,909.77
2006 100,730.57
2007 109,550.71
2008 120,992.35
2009 128,555.54
2010 139,568.19
2011 148,600.86
2012 161,813.83
2013 173,938.67
2014 189,340.21
2015 203,864.21
2016 219,714.85
2017 244,200.57
2018 284,084.57
2019 327,199.6
2020 367,376.35
2021 439,369.15
2022-04 707,846.9
Today 740,413.78

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: