£

Value of 1963 British Pounds today

£5 in 1963
£106.89 in 2024

The inflation rate in the United Kingdom between 1963 and today has been 2,037.89%, which translates into a total increase of £101.89. This means that 5 pounds in 1963 are equivalent to 106.89 pounds in 2024. In other words, the purchasing power of £5 in 1963 equals £106.89 today. The average annual inflation rate between these periods has been 5.15%.

Inflation timeline in the United Kingdom (1963 - 2024)

The following chart depicts the equivalence of £5 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 (GBP) 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 1963-2023 1,968.66%
Cumulative inflation 1963-today 2,037.89%
Avg. Annual inflation 1963-2023 5.18%
CPI 1963 6.22
CPI 2023 128.6
CPI 2024-05 (latest official data) 132.7
CPI today 132.9

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 1963 and 2023, use the corresponding CPI values:

Value2023
=Value1963 ×
CPI2023/CPI1963
=£ 5 ×
128.6/6.22
£103.43

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.9:

Valuetoday
=Value1963 ×
CPItoday/CPI1963
=£ 5 ×
132.9/6.22
£106.89

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 £5 worth today. There are 60 years between 1963 and 2023 and the average inflation rate was 5.1788%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=£5 × (1 + 0.051788)60
£103.43

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1963 £20.69 pounds in 2023
£5 pounds in 1963 £103.43 pounds in 2023
£10 pounds in 1963 £206.87 pounds in 2023
£50 pounds in 1963 £1,034.33 pounds in 2023
£100 pounds in 1963 £2,068.66 pounds in 2023
£500 pounds in 1963 £10,343.29 pounds in 2023
£1,000 pounds in 1963 £20,686.58 pounds in 2023
£5,000 pounds in 1963 £103,432.89 pounds in 2023
£10,000 pounds in 1963 £206,865.79 pounds in 2023
£50,000 pounds in 1963 £1,034,328.94 pounds in 2023
£100,000 pounds in 1963 £2,068,657.89 pounds in 2023
£500,000 pounds in 1963 £10,343,289.43 pounds in 2023
£1,000,000 pounds in 1963 £20,686,578.87 pounds in 2023
Cumulative inflation From 1963 2,037.89%
Avg. annual inflation From 1963 5.15%
CPI 1963 6.22
CPI today 132.9

Value of Pound over time (by year)

Period Value
1963 5
1964 5.16
1965 5.41
1966 5.62
1967 5.76
1968 6.03
1969 6.36
1970 6.77
1971 7.4
1972 7.93
1973 8.66
1974 10.05
1975 12.48
1976 14.55
1977 16.85
1978 18.24
1979 20.69
1980 24.41
1981 27.31
1982 29.65
1983 31.02
1984 32.56
1985 34.54
1986 35.72
1987 37.2
1988 38.77
1989 41.02
1990 44.32
1991 47.61
1992 49.79
1993 51.07
1994 52.2
1995 53.57
1996 55.09
1997 56.3
1998 57.35
1999 58.39
2000 59.04
2001 60
2002 60.89
2003 61.69
2004 62.57
2005 63.86
2006 65.47
2007 67
2008 69.33
2009 70.7
2010 72.47
2011 75.28
2012 77.21
2013 78.98
2014 80.11
2015 80.43
2016 81.23
2017 83.33
2018 85.26
2019 86.7
2020 87.59
2021 89.76
2022 96.92
2023 103.43
2024-05 106.73
Today 106.89

All available years

Today's value of british pounds by year:

1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 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 | 2023 |

Other currencies: