Value of 2009 Turkish Lira today

₺100 in 2009
₺721.79 in 2023

The inflation rate in Turkey between 2009 and today has been 621.79%, which translates into a total increase of ₺621.79. This means that 100 lira in 2009 are equivalent to 721.79 lira in 2023. In other words, the purchasing power of ₺100 in 2009 equals ₺721.79 today. The average annual inflation rate between these periods has been 15.16%.

Inflation timeline in Turkey (2009 - 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 2009-2022 488.91%
Cumulative inflation 2009-today 621.79%
Avg. Annual inflation 2009-2022 14.61%
CPI 2009 63.06
CPI 2022 371.36
CPI 2022-12 (latest official data) 433.04
CPI today 455.16

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 2009 and 2022, use the corresponding CPI values:

Value2022
=Value2009 ×
CPI2022/CPI2009
=₺ 100 ×
371.36/63.06
₺588.91

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 455.16:

Valuetoday
=Value2009 ×
CPItoday/CPI2009
=₺ 100 ×
455.16/63.06
₺721.79

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 13 years between 2009 and 2022 and the average inflation rate was 14.6131%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=₺100 × (1 + 0.146131)13
₺588.91

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 2009 ₺5.89 lira in 2022
₺5 lira in 2009 ₺29.45 lira in 2022
₺10 lira in 2009 ₺58.89 lira in 2022
₺50 lira in 2009 ₺294.45 lira in 2022
₺100 lira in 2009 ₺588.91 lira in 2022
₺500 lira in 2009 ₺2,944.53 lira in 2022
₺1,000 lira in 2009 ₺5,889.06 lira in 2022
₺5,000 lira in 2009 ₺29,445.32 lira in 2022
₺10,000 lira in 2009 ₺58,890.65 lira in 2022
₺50,000 lira in 2009 ₺294,453.25 lira in 2022
₺100,000 lira in 2009 ₺588,906.49 lira in 2022
₺500,000 lira in 2009 ₺2,944,532.46 lira in 2022
₺1,000,000 lira in 2009 ₺5,889,064.91 lira in 2022
Cumulative inflation From 2009 621.79%
Avg. annual inflation From 2009 15.16%
CPI 2009 63.06
CPI today 455.16

Value of Lira over time (by year)

Period Value
2009 100
2010 108.57
2011 115.59
2012 125.87
2013 135.3
2014 147.28
2015 158.58
2016 170.91
2017 189.96
2018 220.98
2019 254.52
2020 285.77
2021 341.77
2022 588.91
2022-12 686.73
Today 721.79

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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