Value of 1973 Colombian Pesos today

$100 in 1973

$66,772.95 in 2019

The inflation rate in Colombia between 1973 and today has been 66,672.95%, which translates into a total increase of $66,672.95. This means that 100 pesos in 1973 are equivalent to 66,772.95 pesos in 2019. In other words, the purchasing power of $100 in 1973 equals $66,772.95 today. The average annual inflation rate has been 14.84%.

Inflation timeline in Colombia (1973-2019)

The following chart depicts the equivalence of $100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1973-2019) 66,566.67%
Total Inflation* 66,672.95%
Annual inflation avg. (1973-2019) 15.18%
Annual inflation avg.* 14.84%
CPI 1973 0.18
CPI 2019 116.88
CPI today* 117.06
$1 in 1973 $666.67 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 46 years between 1973 and 2019 and the average inflation rate has been 14.8412%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.15)46 = $66,666.67

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 1973 was 0.18 and the CPI today is 117.06. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
116.88/0.18
= $66,666.67

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1973 $667.73 pesos today
$5 pesos in 1973 $3,338.65 pesos today
$10 pesos in 1973 $6,677.3 pesos today
$50 pesos in 1973 $33,386.48 pesos today
$100 pesos in 1973 $66,772.95 pesos today
$500 pesos in 1973 $333,864.76 pesos today
$1,000 pesos in 1973 $667,729.53 pesos today
$5,000 pesos in 1973 $3,338,647.64 pesos today
$10,000 pesos in 1973 $6,677,295.28 pesos today
$50,000 pesos in 1973 $33,386,476.39 pesos today
$100,000 pesos in 1973 $66,772,952.78 pesos today
$500,000 pesos in 1973 $333,864,763.9 pesos today
$1,000,000 pesos in 1973 $667,729,527.8 pesos today

Value of Peso in time (by year)

Period Value
1973 100
1974 133.33
1975 160
1976 193.33
1977 240
1978 313.33
1979 373.33
1980 473.33
1981 600
1982 760
1983 940
1984 1,100
1985 1,300
1986 1,593.33
1987 1,920
1988 2,380
1989 3,060
1990 3,853.33
1991 5,100
1992 6,466.66
1993 8,093.33
1994 9,926.66
1995 12,166.67
1996 14,533.33
1997 17,680
1998 20,806.66
1999 24,280
2000 26,526.66
2001 28,846.66
2002 31,053.33
2003 33,226.66
2004 35,379.99
2005 37,326.66
2006 39,133.33
2007 40,886.66
2008 43,213.33
2009 46,533.33
2010 47,459.99
2011 48,973.32
2012 50,793.33
2013 52,033.32
2014 53,039.99
2015 54,979.99
2016 58,699.97
2017 62,073.34
2018 64,606.63
2019 66,666.67
Today 66,772.95