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# Value of 2008 Brazilian Reals today

R\$100 in 2008
R\$238.48 in 2023

The inflation rate in Brazil between 2008 and today has been 138.48%, which translates into a total increase of R\$138.48. This means that 100 reals in 2008 are equivalent to 238.48 reals in 2023. In other words, the purchasing power of R\$100 in 2008 equals R\$238.48 today. The average annual inflation rate between these periods has been 5.97%.

## Inflation timeline in Brazil (2008 - 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 2008-2022 125.28%
Cumulative inflation 2008-today 138.48%
Avg. Annual inflation 2008-2022 5.97%
CPI 2008 65.59
CPI 2022 147.76
CPI 2023-10 (latest official data) 155.84
CPI today 156.41

## 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 2008 and 2022, use the corresponding CPI values:

Value2022
=Value2008 ×
CPI2022/CPI2008
=R\$ 100 ×
147.76/65.59
R\$225.28

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 156.41:

Valuetoday
=Value2008 ×
CPItoday/CPI2008
=R\$ 100 ×
156.41/65.59
R\$238.48

### 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 14 years between 2008 and 2022 and the average inflation rate was 5.973%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=R\$100 × (1 + 0.05973)14
R\$225.28

## Brazil inflation - Conversion table

Initial Value Equivalent value
R\$1 real in 2008 R\$2.25 reals in 2022
R\$5 reals in 2008 R\$11.26 reals in 2022
R\$10 reals in 2008 R\$22.53 reals in 2022
R\$50 reals in 2008 R\$112.64 reals in 2022
R\$100 reals in 2008 R\$225.28 reals in 2022
R\$500 reals in 2008 R\$1,126.42 reals in 2022
R\$1,000 reals in 2008 R\$2,252.84 reals in 2022
R\$5,000 reals in 2008 R\$11,264.22 reals in 2022
R\$10,000 reals in 2008 R\$22,528.43 reals in 2022
R\$50,000 reals in 2008 R\$112,642.15 reals in 2022
R\$100,000 reals in 2008 R\$225,284.3 reals in 2022
R\$500,000 reals in 2008 R\$1,126,421.51 reals in 2022
R\$1,000,000 reals in 2008 R\$2,252,843.01 reals in 2022
 Cumulative inflation From 2008 138.48% Avg. annual inflation From 2008 5.97% CPI 2008 65.59 CPI today 156.41

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

Period Value
2008 100
2009 104.89
2010 110.17
2011 117.48
2012 123.83
2013 131.52
2014 139.84
2015 152.47
2016 165.79
2017 171.51
2018 177.79
2019 184.43
2020 190.35
2021 206.15
2022 225.28
2023-10 237.6
Today 238.48

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: