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Value of 2009 Chinese Renminbis today

¥100 in 2009
¥136.54 in 2024

The inflation rate in China between 2009 and today has been 36.54%, which translates into a total increase of ¥36.54. This means that 100 renminbis in 2009 are equivalent to 136.54 renminbis in 2024. In other words, the purchasing power of ¥100 in 2009 equals ¥136.54 today. The average annual inflation rate between these periods has been 2.1%.

Inflation timeline in China (2009 - 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 2009-2023 36.43%
Cumulative inflation 2009-today 36.54%
Avg. Annual inflation 2009-2023 2.24%
CPI 2009 84.34
CPI 2023 115.06
CPI 2024-04 (latest official data) 115.12
CPI today 115.16

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 2009 and 2023, use the corresponding CPI values:

Value2023
=Value2009 ×
CPI2023/CPI2009
=¥ 100 ×
115.06/84.34
¥136.43

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.16:

Valuetoday
=Value2009 ×
CPItoday/CPI2009
=¥ 100 ×
115.16/84.34
¥136.54

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 14 years between 2009 and 2023 and the average inflation rate was 2.2436%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=¥100 × (1 + 0.022436)14
¥136.43

China inflation - Conversion table

Initial Value Equivalent value
¥1 renminbi in 2009 ¥1.36 renminbis in 2023
¥5 renminbis in 2009 ¥6.82 renminbis in 2023
¥10 renminbis in 2009 ¥13.64 renminbis in 2023
¥50 renminbis in 2009 ¥68.21 renminbis in 2023
¥100 renminbis in 2009 ¥136.43 renminbis in 2023
¥500 renminbis in 2009 ¥682.14 renminbis in 2023
¥1,000 renminbis in 2009 ¥1,364.28 renminbis in 2023
¥5,000 renminbis in 2009 ¥6,821.39 renminbis in 2023
¥10,000 renminbis in 2009 ¥13,642.79 renminbis in 2023
¥50,000 renminbis in 2009 ¥68,213.93 renminbis in 2023
¥100,000 renminbis in 2009 ¥136,427.87 renminbis in 2023
¥500,000 renminbis in 2009 ¥682,139.35 renminbis in 2023
¥1,000,000 renminbis in 2009 ¥1,364,278.7 renminbis in 2023
Cumulative inflation From 2009 36.54%
Avg. annual inflation From 2009 2.1%
CPI 2009 84.34
CPI today 115.16

Value of Renminbi over time (by year)

Period Value
2009 100
2010 103.18
2011 108.91
2012 111.76
2013 114.69
2014 116.89
2015 118.57
2016 120.94
2017 122.87
2018 125.42
2019 129.05
2020 132.18
2021 133.47
2022 136.11
2023 136.43
2024-04 136.49
Today 136.54

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: