Value of 1992 Turkish Lira today

₺100 in 1992
₺373,226.72 in 2023

The inflation rate in Turkey between 1992 and today has been 373,126.72%, which translates into a total increase of ₺373,126.72. This means that 100 lira in 1992 are equivalent to 373,226.72 lira in 2023. In other words, the purchasing power of ₺100 in 1992 equals ₺373,226.72 today. The average annual inflation rate between these periods has been 30.38%.

Inflation timeline in Turkey (1992 - 2023)

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 1992-2022 268,089.48%
Cumulative inflation 1992-today 373,126.72%
Avg. Annual inflation 1992-2022 30.1%
CPI 1992 0.14
CPI 2022 371.36
CPI 2023-04 (latest official data) 498.89
CPI today 516.81

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 1992 and 2022, use the corresponding CPI values:

Value2022
=Value1992 ×
CPI2022/CPI1992
=₺ 100 ×
371.36/0.14
₺268,189.48

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 516.81:

Valuetoday
=Value1992 ×
CPItoday/CPI1992
=₺ 100 ×
516.81/0.14
₺373,226.72

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 1992 and 2022 and the average inflation rate was 30.1012%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=₺100 × (1 + 0.301012)30
₺268,189.48

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1992 ₺2,681.89 lira in 2022
₺5 lira in 1992 ₺13,409.47 lira in 2022
₺10 lira in 1992 ₺26,818.95 lira in 2022
₺50 lira in 1992 ₺134,094.74 lira in 2022
₺100 lira in 1992 ₺268,189.48 lira in 2022
₺500 lira in 1992 ₺1,340,947.4 lira in 2022
₺1,000 lira in 1992 ₺2,681,894.8 lira in 2022
₺5,000 lira in 1992 ₺13,409,473.99 lira in 2022
₺10,000 lira in 1992 ₺26,818,947.99 lira in 2022
₺50,000 lira in 1992 ₺134,094,739.93 lira in 2022
₺100,000 lira in 1992 ₺268,189,479.86 lira in 2022
₺500,000 lira in 1992 ₺1,340,947,399.28 lira in 2022
₺1,000,000 lira in 1992 ₺2,681,894,798.57 lira in 2022
Cumulative inflation From 1992 373,126.72%
Avg. annual inflation From 1992 30.38%
CPI 1992 0.14
CPI today 516.81

Value of Lira over time (by year)

Period Value
1992 100
1993 166.09
1994 340.85
1995 644.59
1996 1,162.92
1997 2,159.19
1998 3,986.76
1999 6,572.86
2000 10,182.38
2001 15,721.61
2002 22,790.69
2003 27,714.03
2004 30,096.96
2005 32,558.64
2006 35,683.37
2007 38,807.87
2008 42,861.02
2009 45,540.25
2010 49,441.43
2011 52,641.22
2012 57,321.85
2013 61,617.03
2014 67,072.95
2015 72,218.02
2016 77,833.04
2017 86,507
2018 100,635.74
2019 115,909.05
2020 130,141.49
2021 155,644.63
2022 268,189.48
2023-04 360,290.56
Today 373,226.72

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 | 2022 |

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