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Value of 1970 Chilean Pesos today

$100 in 1970
$15,798,613.36 in 2024

The inflation rate in Chile between 1970 and today has been 15,798,513.36%, which translates into a total increase of $15,798,513.36. This means that 100 pesos in 1970 are equivalent to 15,798,613.36 pesos in 2024. In other words, the purchasing power of $100 in 1970 equals $15,798,613.36 today. The average annual inflation rate between these periods has been 24.82%.

Inflation timeline in Chile (1970 - 2024)

The following chart depicts the equivalence of $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 (CLP) 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 1970-2023 15,172,321.63%
Cumulative inflation 1970-today 15,798,513.36%
Avg. Annual inflation 1970-2023 25.24%
CPI 1970 0
CPI 2023 144.13
CPI 2024-05 (latest official data) 149.74
CPI today 150.08

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 1970 and 2023, use the corresponding CPI values:

Value2023
=Value1970 ×
CPI2023/CPI1970
=$ 100 ×
144.13/0.001
$15,172,421.63

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 150.08:

Valuetoday
=Value1970 ×
CPItoday/CPI1970
=$ 100 ×
150.08/0.001
$15,798,613.36

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 $100 worth today. There are 53 years between 1970 and 2023 and the average inflation rate was 25.2437%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.252437)53
$15,172,421.63

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1970 $151,724.22 pesos in 2023
$5 pesos in 1970 $758,621.08 pesos in 2023
$10 pesos in 1970 $1,517,242.16 pesos in 2023
$50 pesos in 1970 $7,586,210.82 pesos in 2023
$100 pesos in 1970 $15,172,421.63 pesos in 2023
$500 pesos in 1970 $75,862,108.17 pesos in 2023
$1,000 pesos in 1970 $151,724,216.34 pesos in 2023
$5,000 pesos in 1970 $758,621,081.69 pesos in 2023
$10,000 pesos in 1970 $1,517,242,163.39 pesos in 2023
$50,000 pesos in 1970 $7,586,210,816.93 pesos in 2023
$100,000 pesos in 1970 $15,172,421,633.85 pesos in 2023
$500,000 pesos in 1970 $75,862,108,169.26 pesos in 2023
$1,000,000 pesos in 1970 $151,724,216,338.51 pesos in 2023
Cumulative inflation From 1970 15,798,513.36%
Avg. annual inflation From 1970 24.82%
CPI 1970 0.001
CPI today 150.08

Value of Peso over time (by year)

Period Value
1970 100
1971 120.05
1972 213.45
1973 966.51
1974 5,844.89
1975 27,747.74
1976 86,551.96
1977 166,140.11
1978 232,741.05
1979 310,451.37
1980 419,538.89
1981 502,132.76
1982 552,049.98
1983 702,523.28
1984 842,045.84
1985 1,100,583.13
1986 1,314,943
1987 1,576,363.51
1988 1,807,842.27
1989 2,115,681.27
1990 2,666,530.24
1991 3,247,417.8
1992 3,748,358.59
1993 4,225,440.09
1994 4,708,963.03
1995 5,096,634.06
1996 5,471,701.19
1997 5,807,328.13
1998 6,104,097.02
1999 6,307,783.63
2000 6,550,208.3
2001 6,783,992.46
2002 6,952,872.83
2003 7,148,261.07
2004 7,223,657.04
2005 7,444,163.59
2006 7,696,670.94
2007 8,035,925.46
2008 8,736,357.89
2009 8,767,200.74
2010 8,890,881.64
2011 9,187,945.28
2012 9,464,267.71
2013 9,633,636.53
2014 10,088,216.72
2015 10,526,929.68
2016 10,925,500.29
2017 11,163,977.35
2018 11,435,803.73
2019 11,728,273.42
2020 12,085,462.67
2021 12,632,273.5
2022 14,103,159.28
2023 15,172,421.63
2024-05 15,762,677.11
Today 15,798,613.36

All available years

Today's value of chilean pesos by year:

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 |

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