Result: ₺1 in 2002 → ₺31.43 in 2024
Value of ₺1 from 2002 to 2024
Updated: April 10, 2025₺1 in 2002 is equivalent in purchasing power to about ₺31.43 today, an increase of ₺30.43 over 22 years. The lira had an average inflation rate of 16.97% per year between 2002 and today, producing a cumulative price increase of 3,042.54%.
This means that today's prices are 31.43 times as high as average prices since 2002, according to the OECD and the World Bank consumer price index for Turkey. A lira today only buys 3.182% of what it could buy back then.
The inflation rate in 2002 was 44.96%. The current inflation rate compared to the end of last year is now 74.63%. If this number holds, ₺1 today will be equivalent in buying power to ₺1.75 next year.
⌃
| Cumulative price change | 3,042.54% |
| Average inflation rate | 16.97% |
| Converted amount ₺1 base | ₺31.43 |
| Price difference ₺1 base | ₺30.43 |
| CPI in 2002 | 31.558 |
| CPI in 2024 | 991.729 |
| Inflation in 2002 | 44.96% |
| Inflation in 2024 | 74.63% |
| ₺1 in 2002 | ₺31.43 in 2024 |
Buying power of ₺1 in 2002
This chart shows a calculation of buying power equivalence for ₺1 in 2002 (price index tracking began in 1955).
For example, if you started with ₺1, you would need to end with ₺31.43 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When ₺1 is equivalent to ₺31.43 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 2002 dollars, the chart below shows how ₺1 is worth less over 22 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 2002 amounts in today's lira, based on the 3,042.54% change in prices:
| Initial value | Equivalent value |
|---|---|
| ₺1 lira in 2002 | ₺31.43 lira today |
| ₺5 lira in 2002 | ₺157.13 lira today |
| ₺10 lira in 2002 | ₺314.25 lira today |
| ₺50 lira in 2002 | ₺1,571.27 lira today |
| ₺100 lira in 2002 | ₺3,142.54 lira today |
| ₺500 lira in 2002 | ₺15,712.71 lira today |
| ₺1,000 lira in 2002 | ₺31,425.43 lira today |
| ₺5,000 lira in 2002 | ₺157,127.14 lira today |
| ₺10,000 lira in 2002 | ₺314,254.29 lira today |
| ₺50,000 lira in 2002 | ₺1,571,271.43 lira today |
| ₺100,000 lira in 2002 | ₺3,142,542.87 lira today |
| ₺500,000 lira in 2002 | ₺15,712,714.34 lira today |
| ₺1,000,000 lira in 2002 | ₺31,425,428.67 lira today |
How to calculate inflation rate for ₺1 since 2002
Our calculations use the following inflation rate formula to calculate the change in value between 2002 and today:
CPI today CPI in 2002
×
2002 TRY value
=
Today's value
Then plug in historical CPI values. The Turkish CPI was 31.55818 in the year 2002 and 991.7293345593956 in 2024:
991.729334559395631.55818
×
₺1
=
₺31.43
₺1 in 2002 has the same "purchasing power" or "buying power" as ₺31.43 in 2024.
To get the total inflation rate for the 22 years between 2002 and 2024, we use the following formula:
CPI in 2024 - CPI in 2002CPI in 2002
×
100
=
Cumulative inflation rate (22 years)
Plugging in the values to this equation, we get:
991.7293345593956 - 31.5581831.55818
×
100
=
3,043%
Data source & citation
You may use the following MLA citation for this page: “₺1 in 2002 → 2024 | Turkey Inflation Calculator.” Official Inflation Data, Alioth Finance, 12 Apr. 2025, https://www.officialdata.org/turkey/inflation/2002?amount=1.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 3,042.54% |
| Average inflation rate | 16.97% |
| Converted amount ₺1 base | ₺31.43 |
| Price difference ₺1 base | ₺30.43 |
| CPI in 2002 | 31.558 |
| CPI in 2024 | 991.729 |
| Inflation in 2002 | 44.96% |
| Inflation in 2024 | 74.63% |
| ₺1 in 2002 | ₺31.43 in 2024 |
