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Value of 1993 Chilean Pesos today

$100 in 1993
$344.94 in 2022

The inflation rate in Chile between 1993 and today has been 244.94%, which translates into a total increase of $244.94. This means that 100 pesos in 1993 are equivalent to 344.94 pesos in 2022. In other words, the purchasing power of $100 in 1993 equals $344.94 today. The average annual inflation rate between these periods has been 4.36%.

Inflation timeline in Chile (1993 - 2022)

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 1993-2021 198.96%
Cumulative inflation 1993-today 244.94%
Avg. Annual inflation 1993-2021 3.99%
CPI 1993 40.14
CPI 2021 120
CPI 2022-08 (latest official data) 136.92
CPI today 138.46

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 1993 and 2021, use the corresponding CPI values:

Value2021
=Value1993 ×
CPI2021/CPI1993
=$ 100 ×
120/40.14
$298.96

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 138.46:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=$ 100 ×
138.46/40.14
$344.94

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 28 years between 1993 and 2021 and the average inflation rate was 3.9887%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.039887)28
$298.96

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1993 $2.99 pesos in 2021
$5 pesos in 1993 $14.95 pesos in 2021
$10 pesos in 1993 $29.9 pesos in 2021
$50 pesos in 1993 $149.48 pesos in 2021
$100 pesos in 1993 $298.96 pesos in 2021
$500 pesos in 1993 $1,494.79 pesos in 2021
$1,000 pesos in 1993 $2,989.58 pesos in 2021
$5,000 pesos in 1993 $14,947.88 pesos in 2021
$10,000 pesos in 1993 $29,895.76 pesos in 2021
$50,000 pesos in 1993 $149,478.79 pesos in 2021
$100,000 pesos in 1993 $298,957.58 pesos in 2021
$500,000 pesos in 1993 $1,494,787.91 pesos in 2021
$1,000,000 pesos in 1993 $2,989,575.81 pesos in 2021
Cumulative inflation From 1993 244.94%
Avg. annual inflation From 1993 4.36%
CPI 1993 40.14
CPI today 138.46

Value of Peso over time (by year)

Period Value
1993 100
1994 111.44
1995 120.62
1996 129.49
1997 137.44
1998 144.46
1999 149.28
2000 155.02
2001 160.55
2002 164.55
2003 169.17
2004 170.96
2005 176.17
2006 182.15
2007 190.18
2008 206.76
2009 207.49
2010 210.41
2011 217.44
2012 223.98
2013 227.99
2014 238.75
2015 249.13
2016 258.56
2017 264.21
2018 270.64
2019 277.56
2020 286.02
2021 298.96
2022-08 341.12
Today 344.94

All available years

Today's value of chilean pesos by year:

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 |

Other currencies: