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Value of 1970 Colombian Pesos today

$100 in 1970
$123,150.14 in 2024

The inflation rate in Colombia between 1970 and today has been 123,050.14%, which translates into a total increase of $123,050.14. This means that 100 pesos in 1970 are equivalent to 123,150.14 pesos in 2024. In other words, the purchasing power of $100 in 1970 equals $123,150.14 today. The average annual inflation rate between these periods has been 14.09%.

Inflation timeline in Colombia (1970 - 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 (COP) 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 1970-2023 114,488.11%
Cumulative inflation 1970-today 123,050.14%
Avg. Annual inflation 1970-2023 14.21%
CPI 1970 0.14
CPI 2023 156.58
CPI 2024-06 (latest official data) 167.59
CPI today 168.28

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 1970 and 2023, use the corresponding CPI values:

Value2023
=Value1970 ×
CPI2023/CPI1970
=$ 100 ×
156.58/0.14
$114,588.11

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 168.28:

Valuetoday
=Value1970 ×
CPItoday/CPI1970
=$ 100 ×
168.28/0.14
$123,150.14

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 53 years between 1970 and 2023 and the average inflation rate was 14.2141%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.142141)53
$114,588.11

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1970 $1,145.88 pesos in 2023
$5 pesos in 1970 $5,729.41 pesos in 2023
$10 pesos in 1970 $11,458.81 pesos in 2023
$50 pesos in 1970 $57,294.06 pesos in 2023
$100 pesos in 1970 $114,588.11 pesos in 2023
$500 pesos in 1970 $572,940.57 pesos in 2023
$1,000 pesos in 1970 $1,145,881.13 pesos in 2023
$5,000 pesos in 1970 $5,729,405.65 pesos in 2023
$10,000 pesos in 1970 $11,458,811.3 pesos in 2023
$50,000 pesos in 1970 $57,294,056.52 pesos in 2023
$100,000 pesos in 1970 $114,588,113.04 pesos in 2023
$500,000 pesos in 1970 $572,940,565.19 pesos in 2023
$1,000,000 pesos in 1970 $1,145,881,130.37 pesos in 2023
Cumulative inflation From 1970 123,050.14%
Avg. annual inflation From 1970 14.09%
CPI 1970 0.14
CPI today 168.28

Value of Peso over time (by year)

Period Value
1970 100
1971 111.94
1972 125.87
1973 154.23
1974 191.04
1975 235.82
1976 282.59
1977 378.11
1978 445.27
1979 552.74
1980 699.5
1981 891.54
1982 1,111.94
1983 1,329.85
1984 1,544.78
1985 1,916.91
1986 2,278.11
1987 2,808.95
1988 3,598.51
1989 4,529.35
1990 5,849.75
1991 7,627.36
1992 9,687.56
1993 11,861.69
1994 14,571.64
1995 17,615.91
1996 21,279.6
1997 25,209.94
1998 29,918.39
1999 33,171.63
2000 36,231.83
2001 39,117.9
2002 41,602.48
2003 44,568.64
2004 47,199.99
2005 49,584.06
2006 51,712.92
2007 54,580.08
2008 58,398.98
2009 60,853.22
2010 62,235.8
2011 64,361.18
2012 66,400.97
2013 67,740.28
2014 69,703.96
2015 73,182.07
2016 78,680.6
2017 82,075.08
2018 84,734.81
2019 87,720.05
2020 89,936.37
2021 93,079.68
2022 102,552.66
2023 114,588.11
2024-06 122,643.34
Today 123,150.14

All available years

Today's value of colombian pesos by year:

1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 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: