Value of 1991 Turkish Lira today

₺100 in 1991
₺508,177.67 in 2022

The inflation rate in Turkey between 1991 and today has been 508,077.67%, which translates into a total increase of ₺508,077.67. This means that 100 lira in 1991 are equivalent to 508,177.67 lira in 2022. In other words, the purchasing power of ₺100 in 1991 equals ₺508,177.67 today. The average annual inflation rate between these periods has been 31.69%.

Inflation timeline in Turkey (1991 - 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 1991-2021 264,614.39%
Cumulative inflation 1991-today 508,077.67%
Avg. Annual inflation 1991-2021 30.04%
CPI 1991 0.08
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 1991 and 2021, use the corresponding CPI values:

Value2021
=Value1991 ×
CPI2021/CPI1991
=₺ 100 ×
215.52/0.08
₺264,714.39

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

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=₺ 100 ×
413.74/0.08
₺508,177.67

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 30 years between 1991 and 2021 and the average inflation rate was 30.0447%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.300447)30
₺264,714.39

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1991 ₺2,647.14 lira in 2021
₺5 lira in 1991 ₺13,235.72 lira in 2021
₺10 lira in 1991 ₺26,471.44 lira in 2021
₺50 lira in 1991 ₺132,357.19 lira in 2021
₺100 lira in 1991 ₺264,714.39 lira in 2021
₺500 lira in 1991 ₺1,323,571.93 lira in 2021
₺1,000 lira in 1991 ₺2,647,143.86 lira in 2021
₺5,000 lira in 1991 ₺13,235,719.31 lira in 2021
₺10,000 lira in 1991 ₺26,471,438.62 lira in 2021
₺50,000 lira in 1991 ₺132,357,193.11 lira in 2021
₺100,000 lira in 1991 ₺264,714,386.22 lira in 2021
₺500,000 lira in 1991 ₺1,323,571,931.1 lira in 2021
₺1,000,000 lira in 1991 ₺2,647,143,862.21 lira in 2021
Cumulative inflation From 1991 508,077.67%
Avg. annual inflation From 1991 31.69%
CPI 1991 0.08
CPI today 413.74

Value of Lira over time (by year)

Period Value
1991 100
1992 170.08
1993 282.49
1994 579.7
1995 1,096.3
1996 1,977.85
1997 3,672.26
1998 6,780.52
1999 11,178.87
2000 17,317.8
2001 26,738.71
2002 38,761.53
2003 47,134.96
2004 51,187.75
2005 55,374.48
2006 60,688.9
2007 66,002.93
2008 72,896.37
2009 77,453.1
2010 84,088.08
2011 89,530.15
2012 97,490.8
2013 104,795.86
2014 114,075.09
2015 122,825.62
2016 132,375.43
2017 147,127.77
2018 171,157.38
2019 197,133.64
2020 221,339.62
2021 264,714.39
2022-08 478,722.3
Today 508,177.67

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: