Value of 1974 Chilean Pesos today

$100 in 1974

$543,446.16 in 2018

The inflation rate in Chile between 1974 and today has been 543,346.16%, which translates into a total increase of $543,346.16. This means that 100 pesos in 1974 are equivalent to 543,446.16 pesos in 2018. In other words, the purchasing power of $100 in 1974 equals $543,446.16 today. The average annual inflation rate has been 21.06%.

Inflation timeline in Chile (1974-2018)

The following chart ilustrates the equivalence of $100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1974-2018) 529,207.33%
Total Inflation* 543,346.16%
Annual inflation avg. (1974-2018) 21.51%
Annual inflation avg.* 21.06%
CPI 1974 0.02
CPI 2018 106.91
CPI today* 109.76
$1 in 1974 $5,293.07 in 2018

* 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 in 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 $100 worth today. There are 44 years between 1974 and 2018 and the average inflation rate has been 21.0608%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.21)44 = $529,307.33

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 1974 was 0.02 and the CPI today is 109.76. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
106.91/0.02
= $529,307.33

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1974 $5,434.46 pesos today
$5 pesos in 1974 $27,172.31 pesos today
$10 pesos in 1974 $54,344.62 pesos today
$50 pesos in 1974 $271,723.08 pesos today
$100 pesos in 1974 $543,446.16 pesos today
$500 pesos in 1974 $2,717,230.79 pesos today
$1,000 pesos in 1974 $5,434,461.58 pesos today
$5,000 pesos in 1974 $27,172,307.9 pesos today
$10,000 pesos in 1974 $54,344,615.8 pesos today
$50,000 pesos in 1974 $271,723,079 pesos today
$100,000 pesos in 1974 $543,446,158 pesos today
$500,000 pesos in 1974 $2,717,230,790 pesos today
$1,000,000 pesos in 1974 $5,434,461,580.01 pesos today

Value of Peso in time (by year)

Period Value
1974 100
1975 475.88
1976 2,097.21
1977 5,753.07
1978 9,405.78
1979 12,257.65
1980 17,025.86
1981 22,344.45
1982 24,476.06
1983 29,550.73
1984 36,374.55
1985 44,755.09
1986 56,577.64
1987 66,397.23
1988 80,640.6
1989 90,868.16
1990 110,324.3
1991 140,475.09
1992 166,684.94
1993 187,844.4
1994 210,826.54
1995 229,686.53
1996 248,516.96
1997 264,997.27
1998 281,017.67
1999 294,126.85
2000 300,919.81
2001 314,539.44
2002 322,830.25
2003 331,948.03
2004 335,509.08
2005 343,656.35
2006 356,246.56
2007 365,393.9
2008 393,979.16
2009 421,923.11
2010 411,033.64
2011 423,260.15
2012 442,054.29
2013 448,621.87
2014 461,359.97
2015 482,766.78
2016 503,900.94
2017 517,581.23
2018 529,307.33
Today 543,446.16