Value of 2019 Turkish Lira today

₺100 in 2019
₺529.79 in 2024

The inflation rate in Turkey between 2019 and today has been 429.79%, which translates into a total increase of ₺429.79. This means that 100 lira in 2019 are equivalent to 529.79 lira in 2024. In other words, the purchasing power of ₺100 in 2019 equals ₺529.79 today. The average annual inflation rate between these periods has been 39.58%.

Inflation timeline in Turkey (2019 - 2024)

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 2019-2023 256%
Cumulative inflation 2019-today 429.79%
Avg. Annual inflation 2019-2023 37.36%
CPI 2019 160.5
CPI 2023 571.37
CPI 2024-03 (latest official data) 821.03
CPI today 850.3

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 2019 and 2023, use the corresponding CPI values:

Value2023
=Value2019 ×
CPI2023/CPI2019
=₺ 100 ×
571.37/160.5
₺356

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 850.3:

Valuetoday
=Value2019 ×
CPItoday/CPI2019
=₺ 100 ×
850.3/160.5
₺529.79

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 4 years between 2019 and 2023 and the average inflation rate was 37.3606%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₺100 × (1 + 0.373606)4
₺356

Turkey inflation - Conversion table

Initial Value Equivalent value
₺1 lira in 2019 ₺3.56 lira in 2023
₺5 lira in 2019 ₺17.8 lira in 2023
₺10 lira in 2019 ₺35.6 lira in 2023
₺50 lira in 2019 ₺178 lira in 2023
₺100 lira in 2019 ₺356 lira in 2023
₺500 lira in 2019 ₺1,779.99 lira in 2023
₺1,000 lira in 2019 ₺3,559.99 lira in 2023
₺5,000 lira in 2019 ₺17,799.94 lira in 2023
₺10,000 lira in 2019 ₺35,599.87 lira in 2023
₺50,000 lira in 2019 ₺177,999.37 lira in 2023
₺100,000 lira in 2019 ₺355,998.74 lira in 2023
₺500,000 lira in 2019 ₺1,779,993.68 lira in 2023
₺1,000,000 lira in 2019 ₺3,559,987.36 lira in 2023
Cumulative inflation From 2019 429.79%
Avg. annual inflation From 2019 39.58%
CPI 2019 160.5
CPI today 850.3

Value of Lira over time (by year)

Period Value
2019 100
2020 112.28
2021 134.28
2022 231.38
2023 356
2024-03 511.55
Today 529.79

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 | 2023 |

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