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Value of 2013 Chinese Renminbis today

¥100 in 2013
¥120.27 in 2024

The inflation rate in China between 2013 and today has been 20.27%, which translates into a total increase of ¥20.27. This means that 100 renminbis in 2013 are equivalent to 120.27 renminbis in 2024. In other words, the purchasing power of ¥100 in 2013 equals ¥120.27 today. The average annual inflation rate between these periods has been 1.69%.

Inflation timeline in China (2013 - 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 2013-2023 18.96%
Cumulative inflation 2013-today 20.27%
Avg. Annual inflation 2013-2023 1.75%
CPI 2013 96.72
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 2013 and 2023, use the corresponding CPI values:

Value2023
=Value2013 ×
CPI2023/CPI2013
=¥ 100 ×
115.06/96.72
¥118.96

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

Valuetoday
=Value2013 ×
CPItoday/CPI2013
=¥ 100 ×
116.33/96.72
¥120.27

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 10 years between 2013 and 2023 and the average inflation rate was 1.751%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=¥100 × (1 + 0.01751)10
¥118.96

China inflation - Conversion table

Initial Value Equivalent value
¥1 renminbi in 2013 ¥1.19 renminbis in 2023
¥5 renminbis in 2013 ¥5.95 renminbis in 2023
¥10 renminbis in 2013 ¥11.9 renminbis in 2023
¥50 renminbis in 2013 ¥59.48 renminbis in 2023
¥100 renminbis in 2013 ¥118.96 renminbis in 2023
¥500 renminbis in 2013 ¥594.78 renminbis in 2023
¥1,000 renminbis in 2013 ¥1,189.56 renminbis in 2023
¥5,000 renminbis in 2013 ¥5,947.8 renminbis in 2023
¥10,000 renminbis in 2013 ¥11,895.61 renminbis in 2023
¥50,000 renminbis in 2013 ¥59,478.03 renminbis in 2023
¥100,000 renminbis in 2013 ¥118,956.05 renminbis in 2023
¥500,000 renminbis in 2013 ¥594,780.25 renminbis in 2023
¥1,000,000 renminbis in 2013 ¥1,189,560.51 renminbis in 2023
Cumulative inflation From 2013 20.27%
Avg. annual inflation From 2013 1.69%
CPI 2013 96.72
CPI today 116.33

Value of Renminbi over time (by year)

Period Value
2013 100
2014 101.92
2015 103.39
2016 105.45
2017 107.13
2018 109.36
2019 112.53
2020 115.25
2021 116.38
2022 118.68
2023 118.96
2024-02 120.17
Today 120.27

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: