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Value of 1993 Chinese Renminbis today

¥100 in 1993
¥261.89 in 2024

The inflation rate in China between 1993 and today has been 161.89%, which translates into a total increase of ¥161.89. This means that 100 renminbis in 1993 are equivalent to 261.89 renminbis in 2024. In other words, the purchasing power of ¥100 in 1993 equals ¥261.89 today. The average annual inflation rate between these periods has been 3.15%.

Inflation timeline in China (1993 - 2024)

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 (CNY) 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 1993-2023 159.04%
Cumulative inflation 1993-today 161.89%
Avg. Annual inflation 1993-2023 3.22%
CPI 1993 44.42
CPI 2023 115.06
CPI 2024-02 (latest official data) 116.23
CPI today 116.33

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 1993 and 2023, use the corresponding CPI values:

Value2023
=Value1993 ×
CPI2023/CPI1993
=¥ 100 ×
115.06/44.42
¥259.04

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.33:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=¥ 100 ×
116.33/44.42
¥261.89

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 30 years between 1993 and 2023 and the average inflation rate was 3.2235%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=¥100 × (1 + 0.032235)30
¥259.04

China inflation - Conversion table

Initial Value Equivalent value
¥1 renminbi in 1993 ¥2.59 renminbis in 2023
¥5 renminbis in 1993 ¥12.95 renminbis in 2023
¥10 renminbis in 1993 ¥25.9 renminbis in 2023
¥50 renminbis in 1993 ¥129.52 renminbis in 2023
¥100 renminbis in 1993 ¥259.04 renminbis in 2023
¥500 renminbis in 1993 ¥1,295.18 renminbis in 2023
¥1,000 renminbis in 1993 ¥2,590.35 renminbis in 2023
¥5,000 renminbis in 1993 ¥12,951.75 renminbis in 2023
¥10,000 renminbis in 1993 ¥25,903.51 renminbis in 2023
¥50,000 renminbis in 1993 ¥129,517.53 renminbis in 2023
¥100,000 renminbis in 1993 ¥259,035.06 renminbis in 2023
¥500,000 renminbis in 1993 ¥1,295,175.31 renminbis in 2023
¥1,000,000 renminbis in 1993 ¥2,590,350.62 renminbis in 2023
Cumulative inflation From 1993 161.89%
Avg. annual inflation From 1993 3.15%
CPI 1993 44.42
CPI today 116.33

Value of Renminbi over time (by year)

Period Value
1993 100
1994 124.26
1995 145.12
1996 157.19
1997 161.57
1998 160.32
1999 158.07
2000 158.62
2001 159.76
2002 158.59
2003 160.38
2004 166.51
2005 169.47
2006 172.27
2007 180.56
2008 191.26
2009 189.87
2010 195.9
2011 206.78
2012 212.2
2013 217.76
2014 221.94
2015 225.13
2016 229.63
2017 233.29
2018 238.13
2019 245.04
2020 250.96
2021 253.43
2022 258.43
2023 259.04
2024-02 261.67
Today 261.89

All available years

Today's value of chinese renminbis by year:

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 | 2022 | 2023 |

Other currencies: