Value of 1998 Brazilian Reals today

R$100 in 1998

R$371.47 in 2020

The inflation rate in Brazil between 1998 and today has been 271.47%, which translates into a total increase of R$271.47. This means that 100 reals in 1998 are equivalent to 371.47 reals in 2020. In other words, the purchasing power of R$100 in 1998 equals R$371.47 today. The average annual inflation rate has been 5.87%.

Inflation timeline in Brazil (1998-2020)

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 (1998-2020) 270.89%
Total Inflation* 271.47%
Annual inflation avg. (1998-2020) 6.14%
Annual inflation avg.* 5.87%
CPI 1998 33.28
CPI 2020 123.44
CPI today* 123.63
R$1 in 1998 R$3.71 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 22 years between 1998 and 2020 and the average inflation rate has been 5.8715%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = R$100 * (1 + 0.06)22 = R$370.89

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 1998 was 33.28 and the CPI today is 123.63. Therefore,

Final value = Initial value *
CPI final/CPI initial
= R$100 *
= R$370.89

Brazil inflation - Conversion table

Initial Value Equivalent value
R$1 real in 1998 R$3.71 reals today
R$5 reals in 1998 R$18.57 reals today
R$10 reals in 1998 R$37.15 reals today
R$50 reals in 1998 R$185.73 reals today
R$100 reals in 1998 R$371.47 reals today
R$500 reals in 1998 R$1,857.33 reals today
R$1,000 reals in 1998 R$3,714.65 reals today
R$5,000 reals in 1998 R$18,573.27 reals today
R$10,000 reals in 1998 R$37,146.55 reals today
R$50,000 reals in 1998 R$185,732.74 reals today
R$100,000 reals in 1998 R$371,465.49 reals today
R$500,000 reals in 1998 R$1,857,327.45 reals today
R$1,000,000 reals in 1998 R$3,714,654.89 reals today

Value of Real over time (by year)

Period Value
1998 100
1999 101.65
2000 110.74
2001 117.36
2002 126.36
2003 142.2
2004 155.42
2005 167.24
2006 176.75
2007 182.3
2008 190.43
2009 201.67
2010 210.36
2011 222.79
2012 237.28
2013 251.14
2014 265.98
2015 283.02
2016 313.23
2017 332.93
2018 342.74
2019 355.58
2020 370.89
Today 371.47