Result: ₺1,000 in 2000 → ₺70,337.91 in 2024
Value of ₺1,000 from 2000 to 2024
Updated: November 13, 2024₺1,000 in 2000 is equivalent in purchasing power to about ₺70,337.91 today, an increase of ₺69,337.91 over 24 years. The lira had an average inflation rate of 19.39% per year between 2000 and today, producing a cumulative price increase of 6,933.79%.
This means that today's prices are 70.34 times as high as average prices since 2000, according to the OECD and the World Bank consumer price index for Turkey. A lira today only buys 1.422% of what it could buy back then.
The inflation rate in 2000 was 54.92%. The current inflation rate compared to the end of last year is now 74.63%. If this number holds, ₺1,000 today will be equivalent in buying power to ₺1,746.34 next year.
⌃
| Cumulative price change | 6,933.79% |
| Average inflation rate | 19.39% |
| Converted amount ₺1,000 base | ₺70,337.91 |
| Price difference ₺1,000 base | ₺69,337.91 |
| CPI in 2000 | 14.100 |
| CPI in 2024 | 991.729 |
| Inflation in 2000 | 54.92% |
| Inflation in 2024 | 74.63% |
| ₺1,000 in 2000 | ₺70,337.91 in 2024 |
Buying power of ₺1,000 in 2000
This chart shows a calculation of buying power equivalence for ₺1,000 in 2000 (price index tracking began in 1955).
For example, if you started with ₺1,000, you would need to end with ₺70,337.91 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When ₺1,000 is equivalent to ₺70,337.91 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 2000 dollars, the chart below shows how ₺1,000 is worth less over 24 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 2000 amounts in today's lira, based on the 6,933.79% change in prices:
| Initial value | Equivalent value |
|---|---|
| ₺1 lira in 2000 | ₺70.34 lira today |
| ₺5 lira in 2000 | ₺351.69 lira today |
| ₺10 lira in 2000 | ₺703.38 lira today |
| ₺50 lira in 2000 | ₺3,516.90 lira today |
| ₺100 lira in 2000 | ₺7,033.79 lira today |
| ₺500 lira in 2000 | ₺35,168.95 lira today |
| ₺1,000 lira in 2000 | ₺70,337.91 lira today |
| ₺5,000 lira in 2000 | ₺351,689.54 lira today |
| ₺10,000 lira in 2000 | ₺703,379.08 lira today |
| ₺50,000 lira in 2000 | ₺3,516,895.40 lira today |
| ₺100,000 lira in 2000 | ₺7,033,790.81 lira today |
| ₺500,000 lira in 2000 | ₺35,168,954.03 lira today |
| ₺1,000,000 lira in 2000 | ₺70,337,908.05 lira today |
How to calculate inflation rate for ₺1,000 since 2000
Our calculations use the following inflation rate formula to calculate the change in value between 2000 and today:
CPI today CPI in 2000
×
2000 TRY value
=
Today's value
Then plug in historical CPI values. The Turkish CPI was 14.0995 in the year 2000 and 991.7293345593956 in 2024:
991.729334559395614.0995
×
₺1,000
=
₺70,337.91
₺1,000 in 2000 has the same "purchasing power" or "buying power" as ₺70,337.91 in 2024.
To get the total inflation rate for the 24 years between 2000 and 2024, we use the following formula:
CPI in 2024 - CPI in 2000CPI in 2000
×
100
=
Cumulative inflation rate (24 years)
Plugging in the values to this equation, we get:
991.7293345593956 - 14.099514.0995
×
100
=
6,934%
Data source & citation
You may use the following MLA citation for this page: “₺1,000 in 2000 → 2024 | Turkey Inflation Calculator.” Official Inflation Data, Alioth Finance, 21 Nov. 2024, https://www.officialdata.org/turkey/inflation/2000?amount=1000.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 6,933.79% |
| Average inflation rate | 19.39% |
| Converted amount ₺1,000 base | ₺70,337.91 |
| Price difference ₺1,000 base | ₺69,337.91 |
| CPI in 2000 | 14.100 |
| CPI in 2024 | 991.729 |
| Inflation in 2000 | 54.92% |
| Inflation in 2024 | 74.63% |
| ₺1,000 in 2000 | ₺70,337.91 in 2024 |