Value of 1972 Colombian Pesos today

$100 in 1972

$71,635.97 today

The inflation rate in Colombia between 1972 and today has been 71,535.97%, which translates into a total increase of $71,535.97. This means that 100 pesos in 1972 are equivalent to 71,635.97 pesos in 2018. In other words, the purchasing power of $100 in 1972 equals $71,635.97 today. The average annual inflation rate has been 15.01%.

Inflation timeline in Colombia (1972-2019)

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 (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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1972-2018) 69,325%
Total Inflation* 71,535.97%
Annual inflation avg. (1972-2018) 15.28%
Annual inflation avg.* 15.01%
CPI 1972 0.16
CPI 2018 113.27
CPI today* 116.88
$1 in 1972 $694.25 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 46 years between 1972 and 2018 and the average inflation rate has been 15.0131%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.15)46 = $69,425

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 1972 was 0.16 and the CPI today is 116.88. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
113.27/0.16
= $69,425

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1972 $716.36 pesos today
$5 pesos in 1972 $3,581.8 pesos today
$10 pesos in 1972 $7,163.6 pesos today
$50 pesos in 1972 $35,817.99 pesos today
$100 pesos in 1972 $71,635.97 pesos today
$500 pesos in 1972 $358,179.86 pesos today
$1,000 pesos in 1972 $716,359.72 pesos today
$5,000 pesos in 1972 $3,581,798.58 pesos today
$10,000 pesos in 1972 $7,163,597.16 pesos today
$50,000 pesos in 1972 $35,817,985.8 pesos today
$100,000 pesos in 1972 $71,635,971.61 pesos today
$500,000 pesos in 1972 $358,179,858.03 pesos today
$1,000,000 pesos in 1972 $716,359,716.06 pesos today

Value of Peso in time (by year)

Period Value
1972 100
1973 110
1974 140
1975 175
1976 205
1977 260
1978 335
1979 400
1980 510
1981 645
1982 815
1983 1,010
1984 1,180
1985 1,395
1986 1,710
1987 2,065
1988 2,560
1989 3,285
1990 4,140
1991 5,480
1992 6,950
1993 8,700
1994 10,665
1995 13,075
1996 15,620
1997 18,999.99
1998 22,360
1999 26,089.99
2000 28,499.99
2001 30,994.99
2002 33,364.99
2003 35,699.99
2004 38,014.99
2005 40,104.98
2006 42,049.98
2007 43,934.99
2008 46,434.98
2009 49,999.99
2010 50,999.99
2011 52,619.98
2012 54,579.99
2013 55,909.98
2014 56,989.99
2015 59,074.98
2016 63,074.99
2017 66,699.99
2018 69,425
Today 71,635.97