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Value of 2001 Chinese Renminbis today

¥100 in 2001
¥163.22 in 2024

The inflation rate in China between 2001 and today has been 63.22%, which translates into a total increase of ¥63.22. This means that 100 renminbis in 2001 are equivalent to 163.22 renminbis in 2024. In other words, the purchasing power of ¥100 in 2001 equals ¥163.22 today. The average annual inflation rate between these periods has been 2.15%.

Inflation timeline in China (2001 - 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 2001-2023 62.14%
Cumulative inflation 2001-today 63.22%
Avg. Annual inflation 2001-2023 2.22%
CPI 2001 70.96
CPI 2023 115.06
CPI 2024-09 (latest official data) 115.78
CPI today 115.83

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 2001 and 2023, use the corresponding CPI values:

Value2023
=Value2001 ×
CPI2023/CPI2001
=¥ 100 ×
115.06/70.96
¥162.14

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.83:

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=¥ 100 ×
115.83/70.96
¥163.22

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 22 years between 2001 and 2023 and the average inflation rate was 2.2211%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=¥100 × (1 + 0.022211)22
¥162.14

China inflation - Conversion table

Initial Value Equivalent value
¥1 renminbi in 2001 ¥1.62 renminbis in 2023
¥5 renminbis in 2001 ¥8.11 renminbis in 2023
¥10 renminbis in 2001 ¥16.21 renminbis in 2023
¥50 renminbis in 2001 ¥81.07 renminbis in 2023
¥100 renminbis in 2001 ¥162.14 renminbis in 2023
¥500 renminbis in 2001 ¥810.7 renminbis in 2023
¥1,000 renminbis in 2001 ¥1,621.4 renminbis in 2023
¥5,000 renminbis in 2001 ¥8,107.02 renminbis in 2023
¥10,000 renminbis in 2001 ¥16,214.03 renminbis in 2023
¥50,000 renminbis in 2001 ¥81,070.16 renminbis in 2023
¥100,000 renminbis in 2001 ¥162,140.32 renminbis in 2023
¥500,000 renminbis in 2001 ¥810,701.62 renminbis in 2023
¥1,000,000 renminbis in 2001 ¥1,621,403.24 renminbis in 2023
Cumulative inflation From 2001 63.22%
Avg. annual inflation From 2001 2.15%
CPI 2001 70.96
CPI today 115.83

Value of Renminbi over time (by year)

Period Value
2001 100
2002 99.27
2003 100.39
2004 104.23
2005 106.08
2006 107.83
2007 113.02
2008 119.72
2009 118.85
2010 122.62
2011 129.43
2012 132.82
2013 136.3
2014 138.92
2015 140.92
2016 143.74
2017 146.03
2018 149.06
2019 153.38
2020 157.09
2021 158.63
2022 161.76
2023 162.14
2024-09 163.16
Today 163.22

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: