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Value of 1974 Colombian Pesos today

$100 in 1974
$64,373 in 2024

The inflation rate in Colombia between 1974 and today has been 64,273%, which translates into a total increase of $64,273. This means that 100 pesos in 1974 are equivalent to 64,373 pesos in 2024. In other words, the purchasing power of $100 in 1974 equals $64,373 today. The average annual inflation rate between these periods has been 13.81%.

Inflation timeline in Colombia (1974 - 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 1974-2023 59,879.74%
Cumulative inflation 1974-today 64,273%
Avg. Annual inflation 1974-2023 13.94%
CPI 1974 0.26
CPI 2023 156.58
CPI 2024-06 (latest official data) 167.59
CPI today 168.05

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 1974 and 2023, use the corresponding CPI values:

Value2023
=Value1974 ×
CPI2023/CPI1974
=$ 100 ×
156.58/0.26
$59,979.74

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 168.05:

Valuetoday
=Value1974 ×
CPItoday/CPI1974
=$ 100 ×
168.05/0.26
$64,373

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 49 years between 1974 and 2023 and the average inflation rate was 13.9447%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.139447)49
$59,979.74

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1974 $599.8 pesos in 2023
$5 pesos in 1974 $2,998.99 pesos in 2023
$10 pesos in 1974 $5,997.97 pesos in 2023
$50 pesos in 1974 $29,989.87 pesos in 2023
$100 pesos in 1974 $59,979.74 pesos in 2023
$500 pesos in 1974 $299,898.68 pesos in 2023
$1,000 pesos in 1974 $599,797.36 pesos in 2023
$5,000 pesos in 1974 $2,998,986.8 pesos in 2023
$10,000 pesos in 1974 $5,997,973.6 pesos in 2023
$50,000 pesos in 1974 $29,989,868 pesos in 2023
$100,000 pesos in 1974 $59,979,735.99 pesos in 2023
$500,000 pesos in 1974 $299,898,679.97 pesos in 2023
$1,000,000 pesos in 1974 $599,797,359.93 pesos in 2023
Cumulative inflation From 1974 64,273%
Avg. annual inflation From 1974 13.81%
CPI 1974 0.26
CPI today 168.05

Value of Peso over time (by year)

Period Value
1974 100
1975 123.44
1976 147.92
1977 197.92
1978 233.07
1979 289.32
1980 366.15
1981 466.67
1982 582.03
1983 696.09
1984 808.59
1985 1,003.39
1986 1,192.45
1987 1,470.31
1988 1,883.59
1989 2,370.83
1990 3,061.98
1991 3,992.45
1992 5,070.83
1993 6,208.85
1994 7,627.35
1995 9,220.83
1996 11,138.54
1997 13,195.83
1998 15,660.42
1999 17,363.28
2000 18,965.1
2001 20,475.78
2002 21,776.3
2003 23,328.91
2004 24,706.25
2005 25,954.17
2006 27,068.49
2007 28,569.27
2008 30,568.23
2009 31,852.87
2010 32,576.56
2011 33,689.06
2012 34,756.77
2013 35,457.81
2014 36,485.68
2015 38,306.25
2016 41,184.39
2017 42,961.19
2018 44,353.39
2019 45,915.98
2020 47,076.08
2021 48,721.41
2022 53,679.93
2023 59,979.74
2024-06 64,196.14
Today 64,373

All available years

Today's value of colombian pesos by year:

1970 | 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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