Value of 1994 Chilean Pesos today

$100 in 1994

$257.77 in 2018

The inflation rate in Chile between 1994 and today has been 157.77%, which translates into a total increase of $157.77. This means that 100 pesos in 1994 are equivalent to 257.77 pesos in 2018. In other words, the purchasing power of $100 in 1994 equals $257.77 today. The average annual inflation rate has been 3.86%.

Inflation timeline in Chile (1994-2018)

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 (1994-2018) 151.06%
Total Inflation* 157.77%
Annual inflation avg. (1994-2018) 3.91%
Annual inflation avg.* 3.86%
CPI 1994 42.58
CPI 2018 106.91
CPI today* 109.76
$1 in 1994 $2.51 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 24 years between 1994 and 2018 and the average inflation rate has been 3.8602%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.04)24 = $251.06

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 1994 was 42.58 and the CPI today is 109.76. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
106.91/42.58
= $251.06

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1994 $2.58 pesos today
$5 pesos in 1994 $12.89 pesos today
$10 pesos in 1994 $25.78 pesos today
$50 pesos in 1994 $128.88 pesos today
$100 pesos in 1994 $257.77 pesos today
$500 pesos in 1994 $1,288.85 pesos today
$1,000 pesos in 1994 $2,577.69 pesos today
$5,000 pesos in 1994 $12,888.47 pesos today
$10,000 pesos in 1994 $25,776.93 pesos today
$50,000 pesos in 1994 $128,884.66 pesos today
$100,000 pesos in 1994 $257,769.33 pesos today
$500,000 pesos in 1994 $1,288,846.64 pesos today
$1,000,000 pesos in 1994 $2,577,693.29 pesos today

Value of Peso in time (by year)

Period Value
1994 100
1995 108.95
1996 117.88
1997 125.69
1998 133.29
1999 139.51
2000 142.73
2001 149.19
2002 153.13
2003 157.45
2004 159.14
2005 163
2006 168.98
2007 173.31
2008 186.87
2009 200.13
2010 194.96
2011 200.76
2012 209.68
2013 212.79
2014 218.83
2015 228.99
2016 239.01
2017 245.5
2018 251.06
Today 257.77