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# Value of 2003 Brazilian Reals today

R\$100 in 2003
R\$310.08 in 2023

The inflation rate in Brazil between 2003 and today has been 210.08%, which translates into a total increase of R\$210.08. This means that 100 reals in 2003 are equivalent to 310.08 reals in 2023. In other words, the purchasing power of R\$100 in 2003 equals R\$310.08 today. The average annual inflation rate between these periods has been 5.82%.

## Inflation timeline in Brazil (2003 - 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 2003-2022 192.85%
Cumulative inflation 2003-today 210.08%
Avg. Annual inflation 2003-2022 5.82%
CPI 2003 50.46
CPI 2022 147.76
CPI 2023-10 (latest official data) 155.84
CPI today 156.45

## 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 2003 and 2022, use the corresponding CPI values:

Value2022
=Value2003 ×
CPI2022/CPI2003
=R\$ 100 ×
147.76/50.46
R\$292.85

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 156.45:

Valuetoday
=Value2003 ×
CPItoday/CPI2003
=R\$ 100 ×
156.45/50.46
R\$310.08

### 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 19 years between 2003 and 2022 and the average inflation rate was 5.8182%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=R\$100 × (1 + 0.058182)19
R\$292.85

## Brazil inflation - Conversion table

Initial Value Equivalent value
R\$1 real in 2003 R\$2.93 reals in 2022
R\$5 reals in 2003 R\$14.64 reals in 2022
R\$10 reals in 2003 R\$29.29 reals in 2022
R\$50 reals in 2003 R\$146.43 reals in 2022
R\$100 reals in 2003 R\$292.85 reals in 2022
R\$500 reals in 2003 R\$1,464.26 reals in 2022
R\$1,000 reals in 2003 R\$2,928.53 reals in 2022
R\$5,000 reals in 2003 R\$14,642.65 reals in 2022
R\$10,000 reals in 2003 R\$29,285.29 reals in 2022
R\$50,000 reals in 2003 R\$146,426.45 reals in 2022
R\$100,000 reals in 2003 R\$292,852.9 reals in 2022
R\$500,000 reals in 2003 R\$1,464,264.51 reals in 2022
R\$1,000,000 reals in 2003 R\$2,928,529.01 reals in 2022
 Cumulative inflation From 2003 210.08% Avg. annual inflation From 2003 5.82% CPI 2003 50.46 CPI today 156.45

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

Period Value
2003 100
2004 106.6
2005 113.92
2006 118.69
2007 123.01
2008 129.99
2009 136.35
2010 143.22
2011 152.72
2012 160.97
2013 170.96
2014 181.78
2015 198.2
2016 215.52
2017 222.94
2018 231.11
2019 239.74
2020 247.44
2021 267.98
2022 292.85
2023-10 308.86
Today 310.08

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 |

Other currencies: