Value of 2009 Chinese Renminbis today

¥100 in 2009

¥126.73 in 2018

The inflation rate in China between 2009 and today has been 26.73%, which translates into a total increase of ¥26.73. This means that 100 renminbis in 2009 are equivalent to 126.73 renminbis in 2018. In other words, the purchasing power of ¥100 in 2009 equals ¥126.73 today. The average annual inflation rate has been 2.4%.

Inflation timeline in China (2009-2018)

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 (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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (2009-2018) 24.47%
Total Inflation* 26.73%
Annual inflation avg. (2009-2018) 2.46%
Annual inflation avg.* 2.4%
CPI 2009 83.96
CPI 2018 104.5
CPI today* 106.4
¥1 in 2009 ¥1.24 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 9 years between 2009 and 2018 and the average inflation rate has been 2.3976%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ¥100 * (1 + 0.02)9 = ¥124.47

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 2009 was 83.96 and the CPI today is 106.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ¥100 *
104.5/83.96
= ¥124.47

China inflation - Conversion table

Initial Value Equivalent value
¥1 renminbi in 2009 ¥1.27 renminbis today
¥5 renminbis in 2009 ¥6.34 renminbis today
¥10 renminbis in 2009 ¥12.67 renminbis today
¥50 renminbis in 2009 ¥63.37 renminbis today
¥100 renminbis in 2009 ¥126.73 renminbis today
¥500 renminbis in 2009 ¥633.67 renminbis today
¥1,000 renminbis in 2009 ¥1,267.35 renminbis today
¥5,000 renminbis in 2009 ¥6,336.74 renminbis today
¥10,000 renminbis in 2009 ¥12,673.48 renminbis today
¥50,000 renminbis in 2009 ¥63,367.4 renminbis today
¥100,000 renminbis in 2009 ¥126,734.8 renminbis today
¥500,000 renminbis in 2009 ¥633,673.99 renminbis today
¥1,000,000 renminbis in 2009 ¥1,267,347.97 renminbis today

Value of Renminbi in time (by year)

Period Value
2009 100
2010 101.7
2011 106.35
2012 110.64
2013 113.44
2014 116.28
2015 117.92
2016 119.83
2017 122.21
2018 124.47
Today 126.73