# Value of 1988 Brazilian Reals today

R\$100 in 1988

R\$36,948,071,319.13 in 2020

The inflation rate in Brazil between 1988 and today has been 36,948,071,219.13%, which translates into a total increase of R\$36,948,071,219.13. This means that 100 reals in 1988 are equivalent to 36,948,071,319.13 reals in 2020. In other words, the purchasing power of R\$100 in 1988 equals R\$36,948,071,319.13 today. The average annual inflation rate has been 81.81%.

## Inflation timeline in Brazil (1988-2020)

The following chart depicts the equivalence of R\$100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1988-2020) 36,890,705,219.78%
Total Inflation* 36,948,071,219.13%
Annual inflation avg. (1988-2020) 85.23%
Annual inflation avg.* 81.81%
CPI 1988 0
CPI 2020 123.44
CPI today* 123.63
R\$1 in 1988 R\$368,907,053.2 in 2020

* Values extrapolated from the last official data to obtain today's values.

## 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 compound interest formula or the Consumer Price Index (CPI) formula.

#### Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 32 years between 1988 and 2020 and the average inflation rate has been 81.8126%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = R\$100 * (1 + 0.82)32 = R\$36,890,705,319.78

#### Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1988 was 0 and the CPI today is 123.63. Therefore,

Final value = Initial value *
CPI final/CPI initial
= R\$100 *
123.44/0
= R\$36,890,705,319.78

### Brazil inflation - Conversion table

Initial Value Equivalent value
R\$1 real in 1988 R\$369,480,713.19 reals today
R\$5 reals in 1988 R\$1,847,403,565.96 reals today
R\$10 reals in 1988 R\$3,694,807,131.91 reals today
R\$50 reals in 1988 R\$18,474,035,659.56 reals today
R\$100 reals in 1988 R\$36,948,071,319.13 reals today
R\$500 reals in 1988 R\$184,740,356,595.65 reals today
R\$1,000 reals in 1988 R\$369,480,713,191.3 reals today
R\$5,000 reals in 1988 R\$1,847,403,565,956.49 reals today
R\$10,000 reals in 1988 R\$3,694,807,131,912.99 reals today
R\$50,000 reals in 1988 R\$18,474,035,659,564.94 reals today
R\$100,000 reals in 1988 R\$36,948,071,319,129.88 reals today
R\$500,000 reals in 1988 R\$184,740,356,595,649.38 reals today
R\$1,000,000 reals in 1988 R\$369,480,713,191,298.75 reals today

#### Value of Real over time (by year)

Period Value
1988 100
1989 1,080.25
1990 22,392.71
1991 385,370.89
1992 2,207,018.53
1993 26,905,780.04
1994 693,401,673.64
1995 7,048,150,029.89
1996 8,627,510,460.25
1997 9,452,725,642.56
1998 9,946,569,037.66
1999 10,111,180,514.05
2000 11,015,098,625.22
2001 11,673,206,814.11
2002 12,568,942,020.32
2003 14,143,864,315.6
2004 15,459,318,589.36
2005 16,634,148,236.7
2006 17,580,502,092.05
2007 18,132,797,369.99
2008 18,941,093,843.4
2009 20,059,136,282.13
2010 20,924,016,736.4
2011 22,160,349,671.25
2012 23,601,515,242.08
2013 24,979,512,851.17
2014 26,455,971,309.03
2015 28,151,129,707.11
2016 31,155,708,308.43
2017 33,114,763,897.19
2018 34,090,794,979.08
2019 35,367,692,767.48
2020 36,890,705,319.78
Today 36,948,071,319.13