R$

Value of 1988 Brazilian Reals today

R$100 in 1988
R$11,549,726,809.89 in 2024

The inflation rate in Brazil between 1988 and today has been 11,549,726,709.89%, which translates into a total increase of R$11,549,726,709.89. This means that 100 reals in 1988 are equivalent to 11,549,726,809.89 reals in 2024. In other words, the purchasing power of R$100 in 1988 equals R$11,549,726,809.89 today. The average annual inflation rate between these periods has been 67.48%.

Inflation timeline in Brazil (1988 - 2024)

The following chart depicts the equivalence of R$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 (BRL) 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 1988-2023 11,177,174,992.21%
Cumulative inflation 1988-today 11,549,726,709.89%
Avg. Annual inflation 1988-2023 69.81%
CPI 1988 0
CPI 2023 154.55
CPI 2024-03 (latest official data) 159.37
CPI today 159.7

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 1988 and 2023, use the corresponding CPI values:

Value2023
=Value1988 ×
CPI2023/CPI1988
=R$ 100 ×
154.55/0
R$11,177,175,092.21

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 159.7:

Valuetoday
=Value1988 ×
CPItoday/CPI1988
=R$ 100 ×
159.7/0
R$11,549,726,809.89

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 R$100 worth today. There are 35 years between 1988 and 2023 and the average inflation rate was 69.8057%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=R$100 × (1 + 0.698057)35
R$11,177,175,092.21

Brazil inflation - Conversion table

Initial Value Equivalent value
R$1 real in 1988 R$111,771,750.92 reals in 2023
R$5 reals in 1988 R$558,858,754.61 reals in 2023
R$10 reals in 1988 R$1,117,717,509.22 reals in 2023
R$50 reals in 1988 R$5,588,587,546.11 reals in 2023
R$100 reals in 1988 R$11,177,175,092.21 reals in 2023
R$500 reals in 1988 R$55,885,875,461.05 reals in 2023
R$1,000 reals in 1988 R$111,771,750,922.11 reals in 2023
R$5,000 reals in 1988 R$558,858,754,610.54 reals in 2023
R$10,000 reals in 1988 R$1,117,717,509,221.09 reals in 2023
R$50,000 reals in 1988 R$5,588,587,546,105.44 reals in 2023
R$100,000 reals in 1988 R$11,177,175,092,210.89 reals in 2023
R$500,000 reals in 1988 R$55,885,875,461,054.44 reals in 2023
R$1,000,000 reals in 1988 R$111,771,750,922,108.88 reals in 2023
Cumulative inflation From 1988 11,549,726,709.89%
Avg. annual inflation From 1988 67.48%
CPI 1988 0
CPI today 159.7

Value of Real over time (by year)

Period Value
1988 100
1989 1,530.74
1990 46,652.95
1991 248,560.64
1992 2,614,763.87
1993 53,011,217.18
1994 1,153,464,959.86
1995 1,914,832,573.95
1996 2,216,566,138.71
1997 2,370,101,251.18
1998 2,445,827,728.36
1999 2,564,656,830.84
2000 2,745,314,963.48
2001 2,933,104,071.74
2002 3,180,956,823.61
2003 3,649,031,604.83
2004 3,889,764,952.63
2005 4,156,974,036.31
2006 4,330,883,778.12
2007 4,488,583,206.77
2008 4,743,470,745.64
2009 4,975,333,767.27
2010 5,226,027,337.82
2011 5,572,849,497.36
2012 5,873,979,171.19
2013 6,238,418,312
2014 6,633,250,885.95
2015 7,232,226,802.63
2016 7,864,258,335.14
2017 8,135,293,266.8
2018 8,433,441,816.74
2019 8,748,260,649.45
2020 9,029,232,660.74
2021 9,778,809,575.47
2022 10,686,294,930.21
2023 11,177,175,092.21
2024-03 11,526,173,428.8
Today 11,549,726,809.89

All available years

Today's value of brazilian reals by year:

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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