Value of 1997 Chilean Pesos today

$100 in 1997

$205.08 in 2018

The inflation rate in Chile between 1997 and today has been 105.08%, which translates into a total increase of $105.08. This means that 100 pesos in 1997 are equivalent to 205.08 pesos in 2018. In other words, the purchasing power of $100 in 1997 equals $205.08 today. The average annual inflation rate has been 3.32%.

Inflation timeline in Chile (1997-2018)

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 (1997-2018) 99.74%
Total Inflation* 105.08%
Annual inflation avg. (1997-2018) 3.35%
Annual inflation avg.* 3.32%
CPI 1997 53.52
CPI 2018 106.91
CPI today* 109.76
$1 in 1997 $2 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 21 years between 1997 and 2018 and the average inflation rate has been 3.3185%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.03)21 = $199.74

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 1997 was 53.52 and the CPI today is 109.76. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
106.91/53.52
= $199.74

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1997 $2.05 pesos today
$5 pesos in 1997 $10.25 pesos today
$10 pesos in 1997 $20.51 pesos today
$50 pesos in 1997 $102.54 pesos today
$100 pesos in 1997 $205.08 pesos today
$500 pesos in 1997 $1,025.38 pesos today
$1,000 pesos in 1997 $2,050.76 pesos today
$5,000 pesos in 1997 $10,253.81 pesos today
$10,000 pesos in 1997 $20,507.61 pesos today
$50,000 pesos in 1997 $102,538.07 pesos today
$100,000 pesos in 1997 $205,076.14 pesos today
$500,000 pesos in 1997 $1,025,380.68 pesos today
$1,000,000 pesos in 1997 $2,050,761.37 pesos today

Value of Peso in time (by year)

Period Value
1997 100
1998 106.05
1999 110.99
2000 113.56
2001 118.7
2002 121.82
2003 125.26
2004 126.61
2005 129.68
2006 134.43
2007 137.89
2008 148.67
2009 159.22
2010 155.11
2011 159.72
2012 166.81
2013 169.29
2014 174.1
2015 182.18
2016 190.15
2017 195.32
2018 199.74
Today 205.08