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# Value of 1997 Brazilian Reals today

R\$100 in 1997
R\$460.53 in 2023

The inflation rate in Brazil between 1997 and today has been 360.53%, which translates into a total increase of R\$360.53. This means that 100 reals in 1997 are equivalent to 460.53 reals in 2023. In other words, the purchasing power of R\$100 in 1997 equals R\$460.53 today. The average annual inflation rate between these periods has been 6.05%.

## Inflation timeline in Brazil (1997 - 2023)

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 1997-2022 350.88%
Cumulative inflation 1997-today 360.53%
Avg. Annual inflation 1997-2022 6.21%
CPI 1997 32.77
CPI 2022 147.76
CPI 2022-12 (latest official data) 150.21
CPI today 150.92

## 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 1997 and 2022, use the corresponding CPI values:

Value2022
=Value1997 ×
CPI2022/CPI1997
=R\$ 100 ×
147.76/32.77
R\$450.88

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 150.92:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=R\$ 100 ×
150.92/32.77
R\$460.53

### 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 25 years between 1997 and 2022 and the average inflation rate was 6.2093%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=R\$100 × (1 + 0.062093)25
R\$450.88

## Brazil inflation - Conversion table

Initial Value Equivalent value
R\$1 real in 1997 R\$4.51 reals in 2022
R\$5 reals in 1997 R\$22.54 reals in 2022
R\$10 reals in 1997 R\$45.09 reals in 2022
R\$50 reals in 1997 R\$225.44 reals in 2022
R\$100 reals in 1997 R\$450.88 reals in 2022
R\$500 reals in 1997 R\$2,254.4 reals in 2022
R\$1,000 reals in 1997 R\$4,508.79 reals in 2022
R\$5,000 reals in 1997 R\$22,543.96 reals in 2022
R\$10,000 reals in 1997 R\$45,087.93 reals in 2022
R\$50,000 reals in 1997 R\$225,439.63 reals in 2022
R\$100,000 reals in 1997 R\$450,879.26 reals in 2022
R\$500,000 reals in 1997 R\$2,254,396.29 reals in 2022
R\$1,000,000 reals in 1997 R\$4,508,792.58 reals in 2022
 Cumulative inflation From 1997 360.53% Avg. annual inflation From 1997 6.05% CPI 1997 32.77 CPI today 150.92

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

Period Value
1997 100
1998 103.2
1999 108.21
2000 115.83
2001 123.75
2002 134.21
2003 153.96
2004 164.12
2005 175.39
2006 182.73
2007 189.38
2008 200.14
2009 209.92
2010 220.5
2011 235.13
2012 247.84
2013 263.21
2014 279.87
2015 305.14
2016 331.81
2017 343.25
2018 355.83
2019 369.11
2020 380.96
2021 412.59
2022 450.88
2022-12 458.35
Today 460.53

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 |

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