Value of 1995 Turkish Lira today

₺100 in 1995
₺40,690.63 in 2022

The inflation rate in Turkey between 1995 and today has been 40,590.63%, which translates into a total increase of ₺40,590.63. This means that 100 lira in 1995 are equivalent to 40,690.63 lira in 2022. In other words, the purchasing power of ₺100 in 1995 equals ₺40,690.63 today. The average annual inflation rate between these periods has been 24.92%.

Inflation timeline in Turkey (1995 - 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 1995-2021 24,046.24%
Cumulative inflation 1995-today 40,590.63%
Avg. Annual inflation 1995-2021 23.49%
CPI 1995 0.89
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 1995 and 2021, use the corresponding CPI values:

Value2021
=Value1995 ×
CPI2021/CPI1995
=₺ 100 ×
215.52/0.89
₺24,146.24

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

Valuetoday
=Value1995 ×
CPItoday/CPI1995
=₺ 100 ×
363.19/0.89
₺40,690.63

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 26 years between 1995 and 2021 and the average inflation rate was 23.4946%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.234946)26
₺24,146.24

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 1995 ₺241.46 lira in 2021
₺5 lira in 1995 ₺1,207.31 lira in 2021
₺10 lira in 1995 ₺2,414.62 lira in 2021
₺50 lira in 1995 ₺12,073.12 lira in 2021
₺100 lira in 1995 ₺24,146.24 lira in 2021
₺500 lira in 1995 ₺120,731.2 lira in 2021
₺1,000 lira in 1995 ₺241,462.4 lira in 2021
₺5,000 lira in 1995 ₺1,207,312 lira in 2021
₺10,000 lira in 1995 ₺2,414,623.99 lira in 2021
₺50,000 lira in 1995 ₺12,073,119.96 lira in 2021
₺100,000 lira in 1995 ₺24,146,239.92 lira in 2021
₺500,000 lira in 1995 ₺120,731,199.6 lira in 2021
₺1,000,000 lira in 1995 ₺241,462,399.2 lira in 2021
Cumulative inflation From 1995 40,590.63%
Avg. annual inflation From 1995 24.92%
CPI 1995 0.89
CPI today 363.19

Value of Lira over time (by year)

Period Value
1995 100
1996 180.41
1997 334.97
1998 618.49
1999 1,019.69
2000 1,579.66
2001 2,439
2002 3,535.68
2003 4,299.47
2004 4,669.15
2005 5,051.05
2006 5,535.81
2007 6,020.54
2008 6,649.33
2009 7,064.98
2010 7,670.19
2011 8,166.6
2012 8,892.74
2013 9,559.08
2014 10,405.5
2015 11,203.69
2016 12,074.78
2017 13,420.44
2018 15,612.33
2019 17,981.78
2020 20,189.76
2021 24,146.24
2022-04 38,900.87
Today 40,690.63

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 |

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