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Value of 1971 Colombian Pesos today

$100 in 1971
$95,037.74 in 2022

The inflation rate in Colombia between 1971 and today has been 94,937.74%, which translates into a total increase of $94,937.74. This means that 100 pesos in 1971 are equivalent to 95,037.74 pesos in 2022. In other words, the purchasing power of $100 in 1971 equals $95,037.74 today. The average annual inflation rate between these periods has been 14.39%.

Inflation timeline in Colombia (1971 - 2022)

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 1971-2021 83,051.23%
Cumulative inflation 1971-today 94,937.74%
Avg. Annual inflation 1971-2021 14.39%
CPI 1971 0.15
CPI 2021 127.19
CPI 2022-10 (latest official data) 144.36
CPI today 145.37

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 1971 and 2021, use the corresponding CPI values:

Value2021
=Value1971 ×
CPI2021/CPI1971
=$ 100 ×
127.19/0.15
$83,151.23

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 145.37:

Valuetoday
=Value1971 ×
CPItoday/CPI1971
=$ 100 ×
145.37/0.15
$95,037.74

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 50 years between 1971 and 2021 and the average inflation rate was 14.3925%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.143925)50
$83,151.23

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1971 $831.51 pesos in 2021
$5 pesos in 1971 $4,157.56 pesos in 2021
$10 pesos in 1971 $8,315.12 pesos in 2021
$50 pesos in 1971 $41,575.61 pesos in 2021
$100 pesos in 1971 $83,151.23 pesos in 2021
$500 pesos in 1971 $415,756.14 pesos in 2021
$1,000 pesos in 1971 $831,512.28 pesos in 2021
$5,000 pesos in 1971 $4,157,561.42 pesos in 2021
$10,000 pesos in 1971 $8,315,122.84 pesos in 2021
$50,000 pesos in 1971 $41,575,614.22 pesos in 2021
$100,000 pesos in 1971 $83,151,228.45 pesos in 2021
$500,000 pesos in 1971 $415,756,142.24 pesos in 2021
$1,000,000 pesos in 1971 $831,512,284.48 pesos in 2021
Cumulative inflation From 1971 94,937.74%
Avg. annual inflation From 1971 14.39%
CPI 1971 0.15
CPI today 145.37

Value of Peso over time (by year)

Period Value
1971 100
1972 112.44
1973 137.78
1974 170.67
1975 210.67
1976 252.44
1977 337.78
1978 397.78
1979 493.78
1980 624.89
1981 796.44
1982 993.33
1983 1,188
1984 1,380
1985 1,712.44
1986 2,035.11
1987 2,509.33
1988 3,214.67
1989 4,046.22
1990 5,225.78
1991 6,813.78
1992 8,654.22
1993 10,596.44
1994 13,017.34
1995 15,736.89
1996 19,009.78
1997 22,520.89
1998 26,727.11
1999 29,633.34
2000 32,367.12
2001 34,945.34
2002 37,164.9
2003 39,814.67
2004 42,165.35
2005 44,295.12
2006 46,196.9
2007 48,758.23
2008 52,169.78
2009 54,362.23
2010 55,597.34
2011 57,496.01
2012 59,318.23
2013 60,514.68
2014 62,268.9
2015 65,376.01
2016 70,288.04
2017 73,320.44
2018 75,696.47
2019 78,363.29
2020 80,343.2
2021 83,151.23
2022-10 94,374.13
Today 95,037.74

All available years

Today's value of colombian pesos by year:

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 |

Other currencies: