Value of 1996 Chilean Pesos today

$100 in 1996

$218.68 in 2018

The inflation rate in Chile between 1996 and today has been 118.68%, which translates into a total increase of $118.68. This means that 100 pesos in 1996 are equivalent to 218.68 pesos in 2018. In other words, the purchasing power of $100 in 1996 equals $218.68 today. The average annual inflation rate has been 3.46%.

Inflation timeline in Chile (1996-2018)

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 (1996-2018) 112.99%
Total Inflation* 118.68%
Annual inflation avg. (1996-2018) 3.5%
Annual inflation avg.* 3.46%
CPI 1996 50.19
CPI 2018 106.91
CPI today* 109.76
$1 in 1996 $2.13 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 22 years between 1996 and 2018 and the average inflation rate has been 3.4603%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.03)22 = $212.99

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 1996 was 50.19 and the CPI today is 109.76. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
106.91/50.19
= $212.99

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1996 $2.19 pesos today
$5 pesos in 1996 $10.93 pesos today
$10 pesos in 1996 $21.87 pesos today
$50 pesos in 1996 $109.34 pesos today
$100 pesos in 1996 $218.68 pesos today
$500 pesos in 1996 $1,093.38 pesos today
$1,000 pesos in 1996 $2,186.76 pesos today
$5,000 pesos in 1996 $10,933.78 pesos today
$10,000 pesos in 1996 $21,867.57 pesos today
$50,000 pesos in 1996 $109,337.84 pesos today
$100,000 pesos in 1996 $218,675.68 pesos today
$500,000 pesos in 1996 $1,093,378.42 pesos today
$1,000,000 pesos in 1996 $2,186,756.84 pesos today

Value of Peso in time (by year)

Period Value
1996 100
1997 106.63
1998 113.08
1999 118.35
2000 121.09
2001 126.57
2002 129.9
2003 133.57
2004 135
2005 138.28
2006 143.35
2007 147.03
2008 158.53
2009 169.78
2010 165.39
2011 170.31
2012 177.88
2013 180.52
2014 185.65
2015 194.26
2016 202.76
2017 208.27
2018 212.99
Today 218.68