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Value of 1973 Colombian Pesos today

$100 in 1973
$68,979 in 2022

The inflation rate in Colombia between 1973 and today has been 68,879%, which translates into a total increase of $68,879. This means that 100 pesos in 1973 are equivalent to 68,979 pesos in 2022. In other words, the purchasing power of $100 in 1973 equals $68,979 today. The average annual inflation rate between these periods has been 14.27%.

Inflation timeline in Colombia (1973 - 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 1973-2021 60,251.69%
Cumulative inflation 1973-today 68,879%
Avg. Annual inflation 1973-2021 14.27%
CPI 1973 0.21
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 1973 and 2021, use the corresponding CPI values:

Value2021
=Value1973 ×
CPI2021/CPI1973
=$ 100 ×
127.19/0.21
$60,351.69

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

Valuetoday
=Value1973 ×
CPItoday/CPI1973
=$ 100 ×
145.37/0.21
$68,979

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 48 years between 1973 and 2021 and the average inflation rate was 14.2697%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.142697)48
$60,351.69

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1973 $603.52 pesos in 2021
$5 pesos in 1973 $3,017.58 pesos in 2021
$10 pesos in 1973 $6,035.17 pesos in 2021
$50 pesos in 1973 $30,175.85 pesos in 2021
$100 pesos in 1973 $60,351.69 pesos in 2021
$500 pesos in 1973 $301,758.46 pesos in 2021
$1,000 pesos in 1973 $603,516.92 pesos in 2021
$5,000 pesos in 1973 $3,017,584.62 pesos in 2021
$10,000 pesos in 1973 $6,035,169.23 pesos in 2021
$50,000 pesos in 1973 $30,175,846.17 pesos in 2021
$100,000 pesos in 1973 $60,351,692.34 pesos in 2021
$500,000 pesos in 1973 $301,758,461.7 pesos in 2021
$1,000,000 pesos in 1973 $603,516,923.4 pesos in 2021
Cumulative inflation From 1973 68,879%
Avg. annual inflation From 1973 14.27%
CPI 1973 0.21
CPI today 145.37

Value of Peso over time (by year)

Period Value
1973 100
1974 123.87
1975 152.9
1976 183.23
1977 245.16
1978 288.71
1979 358.39
1980 453.55
1981 578.06
1982 720.97
1983 862.26
1984 1,001.61
1985 1,242.9
1986 1,477.1
1987 1,821.29
1988 2,333.23
1989 2,936.77
1990 3,792.9
1991 4,945.49
1992 6,281.29
1993 7,690.97
1994 9,448.07
1995 11,421.93
1996 13,797.42
1997 16,345.81
1998 19,398.71
1999 21,508.07
2000 23,492.26
2001 25,363.55
2002 26,974.52
2003 28,897.74
2004 30,603.88
2005 32,149.68
2006 33,530.01
2007 35,389.03
2008 37,865.16
2009 39,456.46
2010 40,352.91
2011 41,730.97
2012 43,053.55
2013 43,921.94
2014 45,195.17
2015 47,450.33
2016 51,015.51
2017 53,216.44
2018 54,940.98
2019 56,876.57
2020 58,313.61
2021 60,351.69
2022-10 68,497.35
Today 68,979

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: