Value of 2001 Turkish Lira today

₺100 in 2001
₺1,668.33 in 2022

The inflation rate in Turkey between 2001 and today has been 1,568.33%, which translates into a total increase of ₺1,568.33. This means that 100 lira in 2001 are equivalent to 1,668.33 lira in 2022. In other words, the purchasing power of ₺100 in 2001 equals ₺1,668.33 today. The average annual inflation rate between these periods has been 14.34%.

Inflation timeline in Turkey (2001 - 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 2001-2021 890%
Cumulative inflation 2001-today 1,568.33%
Avg. Annual inflation 2001-2021 12.15%
CPI 2001 21.77
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 2001 and 2021, use the corresponding CPI values:

Value2021
=Value2001 ×
CPI2021/CPI2001
=₺ 100 ×
215.52/21.77
₺990

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

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=₺ 100 ×
363.19/21.77
₺1,668.33

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 20 years between 2001 and 2021 and the average inflation rate was 12.1455%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.121455)20
₺990

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 2001 ₺9.9 lira in 2021
₺5 lira in 2001 ₺49.5 lira in 2021
₺10 lira in 2001 ₺99 lira in 2021
₺50 lira in 2001 ₺495 lira in 2021
₺100 lira in 2001 ₺990 lira in 2021
₺500 lira in 2001 ₺4,950.02 lira in 2021
₺1,000 lira in 2001 ₺9,900.04 lira in 2021
₺5,000 lira in 2001 ₺49,500.22 lira in 2021
₺10,000 lira in 2001 ₺99,000.44 lira in 2021
₺50,000 lira in 2001 ₺495,002.22 lira in 2021
₺100,000 lira in 2001 ₺990,004.43 lira in 2021
₺500,000 lira in 2001 ₺4,950,022.16 lira in 2021
₺1,000,000 lira in 2001 ₺9,900,044.33 lira in 2021
Cumulative inflation From 2001 1,568.33%
Avg. annual inflation From 2001 14.34%
CPI 2001 21.77
CPI today 363.19

Value of Lira over time (by year)

Period Value
2001 100
2002 144.96
2003 176.28
2004 191.44
2005 207.09
2006 226.97
2007 246.84
2008 272.62
2009 289.67
2010 314.48
2011 334.83
2012 364.61
2013 391.93
2014 426.63
2015 459.36
2016 495.07
2017 550.24
2018 640.11
2019 737.26
2020 827.79
2021 990
2022-04 1,594.95
Today 1,668.33

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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