Value of 1974 Colombian Pesos today

$100 in 1974

$50,075.29 in 2019

The inflation rate in Colombia between 1974 and today has been 49,975.29%, which translates into a total increase of $49,975.29. This means that 100 pesos in 1974 are equivalent to 50,075.29 pesos in 2019. In other words, the purchasing power of $100 in 1974 equals $50,075.29 today. The average annual inflation rate has been 14.47%.

Inflation timeline in Colombia (1974-2019)

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 (1974-2019) 49,900%
Total Inflation* 49,975.29%
Annual inflation avg. (1974-2019) 14.81%
Annual inflation avg.* 14.47%
CPI 1974 0.23
CPI 2019 116.88
CPI today* 117.05
$1 in 1974 $500 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 45 years between 1974 and 2019 and the average inflation rate has been 14.4689%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.14)45 = $50,000

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 1974 was 0.23 and the CPI today is 117.05. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
116.88/0.23
= $50,000

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1974 $500.75 pesos today
$5 pesos in 1974 $2,503.76 pesos today
$10 pesos in 1974 $5,007.53 pesos today
$50 pesos in 1974 $25,037.64 pesos today
$100 pesos in 1974 $50,075.29 pesos today
$500 pesos in 1974 $250,376.43 pesos today
$1,000 pesos in 1974 $500,752.86 pesos today
$5,000 pesos in 1974 $2,503,764.3 pesos today
$10,000 pesos in 1974 $5,007,528.6 pesos today
$50,000 pesos in 1974 $25,037,643 pesos today
$100,000 pesos in 1974 $50,075,286 pesos today
$500,000 pesos in 1974 $250,376,429.98 pesos today
$1,000,000 pesos in 1974 $500,752,859.97 pesos today

Value of Peso in time (by year)

Period Value
1974 100
1975 120
1976 145
1977 180
1978 235
1979 280
1980 355
1981 450
1982 570
1983 705
1984 825
1985 975
1986 1,195
1987 1,440
1988 1,785
1989 2,295
1990 2,890
1991 3,825
1992 4,850
1993 6,070
1994 7,445
1995 9,125
1996 10,900
1997 13,260
1998 15,605
1999 18,210
2000 19,895
2001 21,635
2002 23,290
2003 24,920
2004 26,535
2005 27,994.99
2006 29,349.99
2007 30,665
2008 32,410
2009 34,899.99
2010 35,595
2011 36,729.99
2012 38,095
2013 39,024.99
2014 39,779.99
2015 41,234.99
2016 44,024.98
2017 46,555
2018 48,454.97
2019 50,000
Today 50,075.29