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Value of 1972 Colombian Pesos today

$100 in 1972
$94,463.8 in 2024

The inflation rate in Colombia between 1972 and today has been 94,363.8%, which translates into a total increase of $94,363.8. This means that 100 pesos in 1972 are equivalent to 94,463.8 pesos in 2024. In other words, the purchasing power of $100 in 1972 equals $94,463.8 today. The average annual inflation rate between these periods has been 14.08%.

Inflation timeline in Colombia (1972 - 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 1972-2023 90,936.45%
Cumulative inflation 1972-today 94,363.8%
Avg. Annual inflation 1972-2023 14.29%
CPI 1972 0.17
CPI 2023 156.58
CPI 2023-12 (latest official data) 160.96
CPI today 162.47

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 1972 and 2023, use the corresponding CPI values:

Value2023
=Value1972 ×
CPI2023/CPI1972
=$ 100 ×
156.58/0.17
$91,036.45

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 162.47:

Valuetoday
=Value1972 ×
CPItoday/CPI1972
=$ 100 ×
162.47/0.17
$94,463.8

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 51 years between 1972 and 2023 and the average inflation rate was 14.2941%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.142941)51
$91,036.45

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1972 $910.36 pesos in 2023
$5 pesos in 1972 $4,551.82 pesos in 2023
$10 pesos in 1972 $9,103.64 pesos in 2023
$50 pesos in 1972 $45,518.22 pesos in 2023
$100 pesos in 1972 $91,036.45 pesos in 2023
$500 pesos in 1972 $455,182.23 pesos in 2023
$1,000 pesos in 1972 $910,364.46 pesos in 2023
$5,000 pesos in 1972 $4,551,822.28 pesos in 2023
$10,000 pesos in 1972 $9,103,644.55 pesos in 2023
$50,000 pesos in 1972 $45,518,222.75 pesos in 2023
$100,000 pesos in 1972 $91,036,445.51 pesos in 2023
$500,000 pesos in 1972 $455,182,227.55 pesos in 2023
$1,000,000 pesos in 1972 $910,364,455.09 pesos in 2023
Cumulative inflation From 1972 94,363.8%
Avg. annual inflation From 1972 14.08%
CPI 1972 0.17
CPI today 162.47

Value of Peso over time (by year)

Period Value
1972 100
1973 122.53
1974 151.78
1975 187.35
1976 224.51
1977 300.4
1978 353.75
1979 439.13
1980 555.73
1981 708.3
1982 883.4
1983 1,056.52
1984 1,227.27
1985 1,522.93
1986 1,809.88
1987 2,231.62
1988 2,858.89
1989 3,598.42
1990 4,647.43
1991 6,059.69
1992 7,696.44
1993 9,423.72
1994 11,576.68
1995 13,995.26
1996 16,905.93
1997 20,028.46
1998 23,769.17
1999 26,353.76
2000 28,784.98
2001 31,077.87
2002 33,051.78
2003 35,408.3
2004 37,498.82
2005 39,392.89
2006 41,084.2
2007 43,362.06
2008 46,396.05
2009 48,345.86
2010 49,444.27
2011 51,132.81
2012 52,753.36
2013 53,817.4
2014 55,377.48
2015 58,140.72
2016 62,509.12
2017 65,205.92
2018 67,318.99
2019 69,690.66
2020 71,451.45
2021 73,948.71
2022 81,474.68
2023 91,036.45
2023-12 93,583.82
Today 94,463.8

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 | 2022 | 2023 |

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