Value of 1987 Chilean Pesos today

$100 in 1987

$818.48 in 2018

The inflation rate in Chile between 1987 and today has been 718.48%, which translates into a total increase of $718.48. This means that 100 pesos in 1987 are equivalent to 818.48 pesos in 2018. In other words, the purchasing power of $100 in 1987 equals $818.48 today. The average annual inflation rate has been 6.79%.

Inflation timeline in Chile (1987-2018)

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 (1987-2018) 697.18%
Total Inflation* 718.48%
Annual inflation avg. (1987-2018) 6.93%
Annual inflation avg.* 6.79%
CPI 1987 13.41
CPI 2018 106.91
CPI today* 109.76
$1 in 1987 $7.97 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 31 years between 1987 and 2018 and the average inflation rate has been 6.7902%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)31 = $797.18

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 1987 was 13.41 and the CPI today is 109.76. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
106.91/13.41
= $797.18

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1987 $8.18 pesos today
$5 pesos in 1987 $40.92 pesos today
$10 pesos in 1987 $81.85 pesos today
$50 pesos in 1987 $409.24 pesos today
$100 pesos in 1987 $818.48 pesos today
$500 pesos in 1987 $4,092.39 pesos today
$1,000 pesos in 1987 $8,184.77 pesos today
$5,000 pesos in 1987 $40,923.86 pesos today
$10,000 pesos in 1987 $81,847.72 pesos today
$50,000 pesos in 1987 $409,238.58 pesos today
$100,000 pesos in 1987 $818,477.16 pesos today
$500,000 pesos in 1987 $4,092,385.78 pesos today
$1,000,000 pesos in 1987 $8,184,771.56 pesos today

Value of Peso in time (by year)

Period Value
1987 100
1988 121.45
1989 136.86
1990 166.16
1991 211.57
1992 251.04
1993 282.91
1994 317.52
1995 345.93
1996 374.29
1997 399.11
1998 423.24
1999 442.98
2000 453.21
2001 473.72
2002 486.21
2003 499.94
2004 505.31
2005 517.58
2006 536.54
2007 550.31
2008 593.37
2009 635.45
2010 619.05
2011 637.47
2012 665.77
2013 675.66
2014 694.85
2015 727.09
2016 758.92
2017 779.52
2018 797.18
Today 818.48