Result: ₪100 in 1965 → ₪9,854,450.89 in 2024
The Israeli New Shekel has lost 99.999% of its value since 1965
Updated: April 10, 2025₪100 in 1965 is equivalent in purchasing power to about ₪9,854,450.89 today, an increase of ₪9,854,350.89 over 59 years. The shekel had an average inflation rate of 21.52% per year between 1965 and today, producing a cumulative price increase of 9,854,350.89%.
This means that today's prices are 98,544.51 times as high as average prices since 1965, according to the OECD and the World Bank consumer price index for Israel. A shekel today only buys 0.001% of what it could buy back then.
The inflation rate in 1965 was 7.71%. The current inflation rate compared to the end of last year is now 3.53%. If this number holds, ₪100 today will be equivalent in buying power to ₪103.53 next year.
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| Cumulative price change | 9,854,350.89% |
| Average inflation rate | 21.52% |
| Converted amount ₪100 base | ₪9,854,450.89 |
| Price difference ₪100 base | ₪9,854,350.89 |
| CPI in 1965 | 0.001 |
| CPI in 2024 | 115.496 |
| Inflation in 1965 | 7.71% |
| Inflation in 2024 | 3.53% |
| ₪100 in 1965 | ₪9,854,450.89 in 2024 |
Buying power of ₪100 in 1965
This chart shows a calculation of buying power equivalence for ₪100 in 1965 (price index tracking began in 1959).
For example, if you started with ₪100, you would need to end with ₪9,854,450.89 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When ₪100 is equivalent to ₪9,854,450.89 over time, that means that the "real value" of a single Israeli shekel decreases over time. In other words, a shekel will pay for fewer items at the store.
This effect explains how inflation erodes the value of a shekel over time. By calculating the value in 1965 dollars, the chart below shows how ₪100 is worth less over 59 years.
According to the OECD and the World Bank, each of these ILS amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1965 amounts in today's shekels, based on the 9,854,350.89% change in prices:
| Initial value | Equivalent value |
|---|---|
| ₪1 shekel in 1965 | ₪98,544.51 shekels today |
| ₪5 shekels in 1965 | ₪492,722.54 shekels today |
| ₪10 shekels in 1965 | ₪985,445.09 shekels today |
| ₪50 shekels in 1965 | ₪4,927,225.44 shekels today |
| ₪100 shekels in 1965 | ₪9,854,450.89 shekels today |
| ₪500 shekels in 1965 | ₪49,272,254.44 shekels today |
| ₪1,000 shekels in 1965 | ₪98,544,508.89 shekels today |
| ₪5,000 shekels in 1965 | ₪492,722,544.43 shekels today |
| ₪10,000 shekels in 1965 | ₪985,445,088.86 shekels today |
| ₪50,000 shekels in 1965 | ₪4,927,225,444.30 shekels today |
| ₪100,000 shekels in 1965 | ₪9,854,450,888.60 shekels today |
| ₪500,000 shekels in 1965 | ₪49,272,254,443.01 shekels today |
| ₪1,000,000 shekels in 1965 | ₪98,544,508,886.02 shekels today |
How to calculate inflation rate for ₪100 since 1965
Our calculations use the following inflation rate formula to calculate the change in value between 1965 and today:
CPI today CPI in 1965
×
1965 ILS value
=
Today's value
Then plug in historical CPI values. The Israeli CPI was 0.0011720220113793994 in the year 1965 and 115.49633351498936 in 2024:
115.496333514989360.0011720220113793994
×
₪100
=
₪9,854,450.89
₪100 in 1965 has the same "purchasing power" or "buying power" as ₪9,854,450.89 in 2024.
To get the total inflation rate for the 59 years between 1965 and 2024, we use the following formula:
CPI in 2024 - CPI in 1965CPI in 1965
×
100
=
Cumulative inflation rate (59 years)
Plugging in the values to this equation, we get:
115.49633351498936 - 0.00117202201137939940.0011720220113793994
×
100
=
9,854,351%
Data source & citation
You may use the following MLA citation for this page: “Value of 1965 Israeli New Shekels today | Israel Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Jun. 2025, https://www.officialdata.org/israel/inflation/1965.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 9,854,350.89% |
| Average inflation rate | 21.52% |
| Converted amount ₪100 base | ₪9,854,450.89 |
| Price difference ₪100 base | ₪9,854,350.89 |
| CPI in 1965 | 0.001 |
| CPI in 2024 | 115.496 |
| Inflation in 1965 | 7.71% |
| Inflation in 2024 | 3.53% |
| ₪100 in 1965 | ₪9,854,450.89 in 2024 |
