Value of 1993 Turkish Lira today

₺100 in 1993

₺88,782.15 in 2019

The inflation rate in Turkey between 1993 and today has been 88,682.15%, which translates into a total increase of ₺88,682.15. This means that 100 lira in 1993 are equivalent to 88,782.15 lira in 2019. In other words, the purchasing power of ₺100 in 1993 equals ₺88,782.15 today. The average annual inflation rate has been 28.59%.

Inflation timeline in Turkey (1993-2019)

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 (1993-2019) 88,085.37%
Total Inflation* 88,682.15%
Annual inflation avg. (1993-2019) 29.8%
Annual inflation avg.* 28.59%
CPI 1993 0.17
CPI 2019 151.15
CPI today* 152.18
₺1 in 1993 ₺881.85 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 26 years between 1993 and 2019 and the average inflation rate has been 28.5871%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.29)26 = ₺88,185.37

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 1993 was 0.17 and the CPI today is 152.18. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
151.15/0.17
= ₺88,185.37

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1993 ₺887.82 lira today
₺5 lira in 1993 ₺4,439.11 lira today
₺10 lira in 1993 ₺8,878.21 lira today
₺50 lira in 1993 ₺44,391.07 lira today
₺100 lira in 1993 ₺88,782.15 lira today
₺500 lira in 1993 ₺443,910.74 lira today
₺1,000 lira in 1993 ₺887,821.47 lira today
₺5,000 lira in 1993 ₺4,439,107.35 lira today
₺10,000 lira in 1993 ₺8,878,214.7 lira today
₺50,000 lira in 1993 ₺44,391,073.5 lira today
₺100,000 lira in 1993 ₺88,782,147.01 lira today
₺500,000 lira in 1993 ₺443,910,735.04 lira today
₺1,000,000 lira in 1993 ₺887,821,470.09 lira today

Value of Lira in time (by year)

Period Value
1993 100
1994 171.08
1995 376.9
1996 663.52
1997 1,192.73
1998 2,374.66
1999 4,030.41
2000 6,803.02
2001 9,458.48
2002 15,940.54
2003 20,682.66
2004 23,311.32
2005 25,492
2006 27,459.98
2007 30,110.83
2008 32,636.29
2009 35,920.74
2010 38,264.86
2011 40,714.21
2012 44,968.1
2013 47,739.84
2014 51,272.81
2015 55,461.77
2016 60,347.03
2017 65,496.48
2018 73,303.47
2019 88,185.37
Today 88,782.15