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Value of 1994 Chilean Pesos today

$100 in 1994
$330.5 in 2024

The inflation rate in Chile between 1994 and today has been 230.5%, which translates into a total increase of $230.5. This means that 100 pesos in 1994 are equivalent to 330.5 pesos in 2024. In other words, the purchasing power of $100 in 1994 equals $330.5 today. The average annual inflation rate between these periods has been 4.07%.

Inflation timeline in Chile (1994 - 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 1994-2023 222.2%
Cumulative inflation 1994-today 230.5%
Avg. Annual inflation 1994-2023 4.12%
CPI 1994 44.73
CPI 2023 144.13
CPI 2023-12 (latest official data) 146.11
CPI today 147.84

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 1994 and 2023, use the corresponding CPI values:

Value2023
=Value1994 ×
CPI2023/CPI1994
=$ 100 ×
144.13/44.73
$322.2

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 147.84:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=$ 100 ×
147.84/44.73
$330.5

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 29 years between 1994 and 2023 and the average inflation rate was 4.117%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.04117)29
$322.2

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1994 $3.22 pesos in 2023
$5 pesos in 1994 $16.11 pesos in 2023
$10 pesos in 1994 $32.22 pesos in 2023
$50 pesos in 1994 $161.1 pesos in 2023
$100 pesos in 1994 $322.2 pesos in 2023
$500 pesos in 1994 $1,611.02 pesos in 2023
$1,000 pesos in 1994 $3,222.03 pesos in 2023
$5,000 pesos in 1994 $16,110.15 pesos in 2023
$10,000 pesos in 1994 $32,220.3 pesos in 2023
$50,000 pesos in 1994 $161,101.52 pesos in 2023
$100,000 pesos in 1994 $322,203.03 pesos in 2023
$500,000 pesos in 1994 $1,611,015.16 pesos in 2023
$1,000,000 pesos in 1994 $3,222,030.32 pesos in 2023
Cumulative inflation From 1994 230.5%
Avg. annual inflation From 1994 4.07%
CPI 1994 44.73
CPI today 147.84

Value of Peso over time (by year)

Period Value
1994 100
1995 108.23
1996 116.2
1997 123.32
1998 129.63
1999 133.95
2000 139.1
2001 144.07
2002 147.65
2003 151.8
2004 153.4
2005 158.08
2006 163.45
2007 170.65
2008 185.53
2009 186.18
2010 188.81
2011 195.12
2012 200.98
2013 204.58
2014 214.23
2015 223.55
2016 232.01
2017 237.08
2018 242.85
2019 249.06
2020 256.65
2021 268.26
2022 299.5
2023 322.2
2023-12 326.63
Today 330.5

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 | 2022 | 2023 |

Other currencies: