Value of 2003 Chilean Pesos today

$100 in 2003

$163.71 in 2018

The inflation rate in Chile between 2003 and today has been 63.71%, which translates into a total increase of $63.71. This means that 100 pesos in 2003 are equivalent to 163.71 pesos in 2018. In other words, the purchasing power of $100 in 2003 equals $163.71 today. The average annual inflation rate has been 3.13%.

Inflation timeline in Chile (2003-2018)

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 (2003-2018) 59.45%
Total Inflation* 63.71%
Annual inflation avg. (2003-2018) 3.16%
Annual inflation avg.* 3.13%
CPI 2003 67.05
CPI 2018 106.91
CPI today* 109.76
$1 in 2003 $1.59 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 15 years between 2003 and 2018 and the average inflation rate has been 3.1289%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.03)15 = $159.45

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 2003 was 67.05 and the CPI today is 109.76. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
106.91/67.05
= $159.45

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 2003 $1.64 pesos today
$5 pesos in 2003 $8.19 pesos today
$10 pesos in 2003 $16.37 pesos today
$50 pesos in 2003 $81.86 pesos today
$100 pesos in 2003 $163.71 pesos today
$500 pesos in 2003 $818.57 pesos today
$1,000 pesos in 2003 $1,637.14 pesos today
$5,000 pesos in 2003 $8,185.71 pesos today
$10,000 pesos in 2003 $16,371.42 pesos today
$50,000 pesos in 2003 $81,857.12 pesos today
$100,000 pesos in 2003 $163,714.23 pesos today
$500,000 pesos in 2003 $818,571.16 pesos today
$1,000,000 pesos in 2003 $1,637,142.31 pesos today

Value of Peso in time (by year)

Period Value
2003 100
2004 101.07
2005 103.53
2006 107.32
2007 110.08
2008 118.69
2009 127.11
2010 123.82
2011 127.51
2012 133.17
2013 135.15
2014 138.99
2015 145.43
2016 151.8
2017 155.92
2018 159.45
Today 163.71