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# Value of 1998 Brazilian Reals today

R\$100 in 1998
R\$441.24 in 2022

The inflation rate in Brazil between 1998 and today has been 341.24%, which translates into a total increase of R\$341.24. This means that 100 reals in 1998 are equivalent to 441.24 reals in 2022. In other words, the purchasing power of R\$100 in 1998 equals R\$441.24 today. The average annual inflation rate between these periods has been 6.38%.

## Inflation timeline in Brazil (1998 - 2022)

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 1998-2021 299.82%
Cumulative inflation 1998-today 341.24%
Avg. Annual inflation 1998-2021 6.21%
CPI 1998 33.82
CPI 2021 135.21
CPI 2022-08 (latest official data) 148.23
CPI today 149.22

## 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 1998 and 2021, use the corresponding CPI values:

Value2021
=Value1998 ×
CPI2021/CPI1998
=R\$ 100 ×
135.21/33.82
R\$399.82

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 149.22:

Valuetoday
=Value1998 ×
CPItoday/CPI1998
=R\$ 100 ×
149.22/33.82
R\$441.24

### 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 23 years between 1998 and 2021 and the average inflation rate was 6.2106%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=R\$100 × (1 + 0.062106)23
R\$399.82

## Brazil inflation - Conversion table

Initial Value Equivalent value
R\$1 real in 1998 R\$4 reals in 2021
R\$5 reals in 1998 R\$19.99 reals in 2021
R\$10 reals in 1998 R\$39.98 reals in 2021
R\$50 reals in 1998 R\$199.91 reals in 2021
R\$100 reals in 1998 R\$399.82 reals in 2021
R\$500 reals in 1998 R\$1,999.08 reals in 2021
R\$1,000 reals in 1998 R\$3,998.16 reals in 2021
R\$5,000 reals in 1998 R\$19,990.8 reals in 2021
R\$10,000 reals in 1998 R\$39,981.6 reals in 2021
R\$50,000 reals in 1998 R\$199,907.98 reals in 2021
R\$100,000 reals in 1998 R\$399,815.96 reals in 2021
R\$500,000 reals in 1998 R\$1,999,079.79 reals in 2021
R\$1,000,000 reals in 1998 R\$3,998,159.59 reals in 2021
 Cumulative inflation From 1998 341.24% Avg. annual inflation From 1998 6.38% CPI 1998 33.82 CPI today 149.22

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

Period Value
1998 100
1999 104.86
2000 112.24
2001 119.92
2002 130.06
2003 149.19
2004 159.04
2005 169.96
2006 177.07
2007 183.52
2008 193.94
2009 203.42
2010 213.67
2011 227.85
2012 240.16
2013 255.06
2014 271.21
2015 295.7
2016 321.54
2017 332.62
2018 344.81
2019 357.68
2020 369.17
2021 399.82
2022-08 438.31
Today 441.24

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 |

Other currencies: