Result: ₺100 in 2020 → ₺550.33 in 2024
The Turkish Lira has lost 82% its value since 2020
Updated: September 11, 2025₺100 in 2020 is equivalent in purchasing power to about ₺550.33 today, an increase of ₺450.33 over 4 years. The lira had an average inflation rate of 53.16% per year between 2020 and today, producing a cumulative price increase of 450.33%.
This means that today's prices are 5.50 times as high as average prices since 2020, according to the OECD and the World Bank consumer price index for Turkey. A lira today only buys 18.171% of what it could buy back then.
The inflation rate in 2020 was 12.28%. The current inflation rate compared to the end of last year is now 74.63%. If this number holds, ₺100 today will be equivalent in buying power to ₺174.63 next year.
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| Cumulative price change | 450.33% |
| Average inflation rate | 53.16% |
| Converted amount ₺100 base | ₺550.33 |
| Price difference ₺100 base | ₺450.33 |
| CPI in 2020 | 180.206 |
| CPI in 2024 | 991.729 |
| Inflation in 2020 | 12.28% |
| Inflation in 2024 | 74.63% |
| ₺100 in 2020 | ₺550.33 in 2024 |
Buying power of ₺100 in 2020
This chart shows a calculation of buying power equivalence for ₺100 in 2020 (price index tracking began in 1955).
For example, if you started with ₺100, you would need to end with ₺550.33 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When ₺100 is equivalent to ₺550.33 over time, that means that the "real value" of a single Turkish lira decreases over time. In other words, a lira will pay for fewer items at the store.
This effect explains how inflation erodes the value of a lira over time. By calculating the value in 2020 dollars, the chart below shows how ₺100 is worth less over 4 years.
According to the OECD and the World Bank, each of these TRY amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 2020 amounts in today's lira, based on the 450.33% change in prices:
| Initial value | Equivalent value |
|---|---|
| ₺1 lira in 2020 | ₺5.50 lira today |
| ₺5 lira in 2020 | ₺27.52 lira today |
| ₺10 lira in 2020 | ₺55.03 lira today |
| ₺50 lira in 2020 | ₺275.16 lira today |
| ₺100 lira in 2020 | ₺550.33 lira today |
| ₺500 lira in 2020 | ₺2,751.65 lira today |
| ₺1,000 lira in 2020 | ₺5,503.30 lira today |
| ₺5,000 lira in 2020 | ₺27,516.48 lira today |
| ₺10,000 lira in 2020 | ₺55,032.97 lira today |
| ₺50,000 lira in 2020 | ₺275,164.85 lira today |
| ₺100,000 lira in 2020 | ₺550,329.70 lira today |
| ₺500,000 lira in 2020 | ₺2,751,648.48 lira today |
| ₺1,000,000 lira in 2020 | ₺5,503,296.97 lira today |
How to calculate inflation rate for ₺100 since 2020
Our calculations use the following inflation rate formula to calculate the change in value between 2020 and today:
CPI today CPI in 2020
×
2020 TRY value
=
Today's value
Then plug in historical CPI values. The Turkish CPI was 180.2064 in the year 2020 and 991.7293345593956 in 2024:
991.7293345593956180.2064
×
₺100
=
₺550.33
₺100 in 2020 has the same "purchasing power" or "buying power" as ₺550.33 in 2024.
To get the total inflation rate for the 4 years between 2020 and 2024, we use the following formula:
CPI in 2024 - CPI in 2020CPI in 2020
×
100
=
Cumulative inflation rate (4 years)
Plugging in the values to this equation, we get:
991.7293345593956 - 180.2064180.2064
×
100
=
450%
Data source & citation
You may use the following MLA citation for this page: “Value of 2020 Turkish Lira today | Turkey Inflation Calculator.” Official Inflation Data, Alioth Finance, 11 Dec. 2025, https://www.officialdata.org/turkey/inflation/2020.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 450.33% |
| Average inflation rate | 53.16% |
| Converted amount ₺100 base | ₺550.33 |
| Price difference ₺100 base | ₺450.33 |
| CPI in 2020 | 180.206 |
| CPI in 2024 | 991.729 |
| Inflation in 2020 | 12.28% |
| Inflation in 2024 | 74.63% |
| ₺100 in 2020 | ₺550.33 in 2024 |