Value of 1972 Colombian Pesos today

$100 in 1972

$71,567.75 in 2019

The inflation rate in Colombia between 1972 and today has been 71,467.75%, which translates into a total increase of $71,467.75. This means that 100 pesos in 1972 are equivalent to 71,567.75 pesos in 2019. In other words, the purchasing power of $100 in 1972 equals $71,567.75 today. The average annual inflation rate has been 14.68%.

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 (1972-2019) 71,328.56%
Total Inflation* 71,467.75%
Annual inflation avg. (1972-2019) 15.01%
Annual inflation avg.* 14.68%
CPI 1972 0.16
CPI 2019 116.88
CPI today* 117.11
$1 in 1972 $714.29 in 2019

* 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 47 years between 1972 and 2019 and the average inflation rate has been 14.6762%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.15)47 = $71,428.56

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 117.11. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
116.88/0.16
= $71,428.56

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1972 $715.68 pesos today
$5 pesos in 1972 $3,578.39 pesos today
$10 pesos in 1972 $7,156.77 pesos today
$50 pesos in 1972 $35,783.87 pesos today
$100 pesos in 1972 $71,567.75 pesos today
$500 pesos in 1972 $357,838.73 pesos today
$1,000 pesos in 1972 $715,677.47 pesos today
$5,000 pesos in 1972 $3,578,387.34 pesos today
$10,000 pesos in 1972 $7,156,774.69 pesos today
$50,000 pesos in 1972 $35,783,873.44 pesos today
$100,000 pesos in 1972 $71,567,746.88 pesos today
$500,000 pesos in 1972 $357,838,734.38 pesos today
$1,000,000 pesos in 1972 $715,677,468.77 pesos today

Value of Peso in time (by year)

Period Value
1972 100
1973 107.14
1974 142.86
1975 171.43
1976 207.14
1977 257.14
1978 335.71
1979 400
1980 507.14
1981 642.86
1982 814.29
1983 1,007.14
1984 1,178.57
1985 1,392.86
1986 1,707.14
1987 2,057.14
1988 2,550
1989 3,278.57
1990 4,128.57
1991 5,464.28
1992 6,928.57
1993 8,671.43
1994 10,635.71
1995 13,035.71
1996 15,571.42
1997 18,942.85
1998 22,292.85
1999 26,014.28
2000 28,421.42
2001 30,907.13
2002 33,271.42
2003 35,599.99
2004 37,907.13
2005 39,992.84
2006 41,928.56
2007 43,807.13
2008 46,299.99
2009 49,857.13
2010 50,849.99
2011 52,471.41
2012 54,421.42
2013 55,749.98
2014 56,828.55
2015 58,907.12
2016 62,892.82
2017 66,507.14
2018 69,221.38
2019 71,428.56
Today 71,567.75