Value of 2014 Turkish Lira today

₺100 in 2014
₺444.55 in 2022

The inflation rate in Turkey between 2014 and today has been 344.55%, which translates into a total increase of ₺344.55. This means that 100 lira in 2014 are equivalent to 444.55 lira in 2022. In other words, the purchasing power of ₺100 in 2014 equals ₺444.55 today. The average annual inflation rate between these periods has been 20.5%.

Inflation timeline in Turkey (2014 - 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 2014-2021 132.05%
Cumulative inflation 2014-today 344.55%
Avg. Annual inflation 2014-2021 12.78%
CPI 2014 92.88
CPI 2021 215.52
CPI 2022-08 (latest official data) 389.76
CPI today 412.88

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 2014 and 2021, use the corresponding CPI values:

Value2021
=Value2014 ×
CPI2021/CPI2014
=₺ 100 ×
215.52/92.88
₺232.05

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 412.88:

Valuetoday
=Value2014 ×
CPItoday/CPI2014
=₺ 100 ×
412.88/92.88
₺444.55

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 7 years between 2014 and 2021 and the average inflation rate was 12.7786%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₺100 × (1 + 0.127786)7
₺232.05

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 2014 ₺2.32 lira in 2021
₺5 lira in 2014 ₺11.6 lira in 2021
₺10 lira in 2014 ₺23.21 lira in 2021
₺50 lira in 2014 ₺116.03 lira in 2021
₺100 lira in 2014 ₺232.05 lira in 2021
₺500 lira in 2014 ₺1,160.26 lira in 2021
₺1,000 lira in 2014 ₺2,320.53 lira in 2021
₺5,000 lira in 2014 ₺11,602.64 lira in 2021
₺10,000 lira in 2014 ₺23,205.28 lira in 2021
₺50,000 lira in 2014 ₺116,026.38 lira in 2021
₺100,000 lira in 2014 ₺232,052.75 lira in 2021
₺500,000 lira in 2014 ₺1,160,263.75 lira in 2021
₺1,000,000 lira in 2014 ₺2,320,527.5 lira in 2021
Cumulative inflation From 2014 344.55%
Avg. annual inflation From 2014 20.5%
CPI 2014 92.88
CPI today 412.88

Value of Lira over time (by year)

Period Value
2014 100
2015 107.67
2016 116.04
2017 128.97
2018 150.04
2019 172.81
2020 194.03
2021 232.05
2022-08 419.66
Today 444.55

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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