Value of 2000 Turkish Lira today

₺100 in 2000

₺1,301.61 today

The inflation rate in Turkey between 2000 and today has been 1,201.61%, which translates into a total increase of ₺1,201.61. This means that 100 lira in 2000 are equivalent to 1,301.61 lira in 2018. In other words, the purchasing power of ₺100 in 2000 equals ₺1,301.61 today. The average annual inflation rate has been 14.46%.

Inflation timeline in Turkey (2000-2019)

The following chart ilustrates the equivalence of ₺100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (2000-2018) 977.51%
Total Inflation* 1,201.61%
Annual inflation avg. (2000-2018) 14.12%
Annual inflation avg.* 14.46%
CPI 2000 11.66
CPI 2018 125.64
CPI today* 151.78
₺1 in 2000 ₺10.78 in 2018

* 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 18 years between 2000 and 2018 and the average inflation rate has been 14.4608%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₺100 * (1 + 0.14)18 = ₺1,077.51

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 2000 was 11.66 and the CPI today is 151.78. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₺100 *
125.64/11.66
= ₺1,077.51

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 2000 ₺13.02 lira today
₺5 lira in 2000 ₺65.08 lira today
₺10 lira in 2000 ₺130.16 lira today
₺50 lira in 2000 ₺650.81 lira today
₺100 lira in 2000 ₺1,301.61 lira today
₺500 lira in 2000 ₺6,508.07 lira today
₺1,000 lira in 2000 ₺13,016.14 lira today
₺5,000 lira in 2000 ₺65,080.68 lira today
₺10,000 lira in 2000 ₺130,161.36 lira today
₺50,000 lira in 2000 ₺650,806.82 lira today
₺100,000 lira in 2000 ₺1,301,613.65 lira today
₺500,000 lira in 2000 ₺6,508,068.23 lira today
₺1,000,000 lira in 2000 ₺13,016,136.46 lira today

Value of Lira in time (by year)

Period Value
2000 100
2001 139.03
2002 234.32
2003 304.02
2004 342.66
2005 374.72
2006 403.64
2007 442.61
2008 479.73
2009 528.01
2010 562.47
2011 598.47
2012 661
2013 701.75
2014 753.68
2015 815.25
2016 887.06
2017 962.76
2018 1,077.51
Today 1,301.61