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Value of 2003 Chilean Pesos today

$100 in 2003
$193.56 in 2022

The inflation rate in Chile between 2003 and today has been 93.56%, which translates into a total increase of $93.56. This means that 100 pesos in 2003 are equivalent to 193.56 pesos in 2022. In other words, the purchasing power of $100 in 2003 equals $193.56 today. The average annual inflation rate between these periods has been 3.54%.

Inflation timeline in Chile (2003 - 2022)

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 2003-2021 76.72%
Cumulative inflation 2003-today 93.56%
Avg. Annual inflation 2003-2021 3.21%
CPI 2003 67.9
CPI 2021 120
CPI 2022-04 (latest official data) 130.65
CPI today 131.44

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 2003 and 2021, use the corresponding CPI values:

Value2021
=Value2003 ×
CPI2021/CPI2003
=$ 100 ×
120/67.9
$176.72

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.44:

Valuetoday
=Value2003 ×
CPItoday/CPI2003
=$ 100 ×
131.44/67.9
$193.56

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 18 years between 2003 and 2021 and the average inflation rate was 3.2138%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.032138)18
$176.72

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 2003 $1.77 pesos in 2021
$5 pesos in 2003 $8.84 pesos in 2021
$10 pesos in 2003 $17.67 pesos in 2021
$50 pesos in 2003 $88.36 pesos in 2021
$100 pesos in 2003 $176.72 pesos in 2021
$500 pesos in 2003 $883.59 pesos in 2021
$1,000 pesos in 2003 $1,767.18 pesos in 2021
$5,000 pesos in 2003 $8,835.91 pesos in 2021
$10,000 pesos in 2003 $17,671.81 pesos in 2021
$50,000 pesos in 2003 $88,359.07 pesos in 2021
$100,000 pesos in 2003 $176,718.13 pesos in 2021
$500,000 pesos in 2003 $883,590.67 pesos in 2021
$1,000,000 pesos in 2003 $1,767,181.33 pesos in 2021
Cumulative inflation From 2003 93.56%
Avg. annual inflation From 2003 3.54%
CPI 2003 67.9
CPI today 131.44

Value of Peso over time (by year)

Period Value
2003 100
2004 101.05
2005 104.14
2006 107.67
2007 112.42
2008 122.22
2009 122.65
2010 124.38
2011 128.53
2012 132.4
2013 134.77
2014 141.13
2015 147.27
2016 152.84
2017 156.18
2018 159.98
2019 164.07
2020 169.07
2021 176.72
2022-04 192.4
Today 193.56

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 |

Other currencies: