Value of 1976 Colombian Pesos today

$100 in 1976

$34,944.38 today

The inflation rate in Colombia between 1976 and today has been 34,844.38%, which translates into a total increase of $34,844.38. This means that 100 pesos in 1976 are equivalent to 34,944.38 pesos in 2018. In other words, the purchasing power of $100 in 1976 equals $34,944.38 today. The average annual inflation rate has been 14.59%.

Inflation timeline in Colombia (1976-2019)

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 (1976-2018) 33,765.86%
Total Inflation* 34,844.38%
Annual inflation avg. (1976-2018) 14.88%
Annual inflation avg.* 14.59%
CPI 1976 0.33
CPI 2018 113.27
CPI today* 116.88
$1 in 1976 $338.66 in 2018

* 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 42 years between 1976 and 2018 and the average inflation rate has been 14.5904%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.15)42 = $33,865.86

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 1976 was 0.33 and the CPI today is 116.88. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
113.27/0.33
= $33,865.86

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1976 $349.44 pesos today
$5 pesos in 1976 $1,747.22 pesos today
$10 pesos in 1976 $3,494.44 pesos today
$50 pesos in 1976 $17,472.19 pesos today
$100 pesos in 1976 $34,944.38 pesos today
$500 pesos in 1976 $174,721.9 pesos today
$1,000 pesos in 1976 $349,443.81 pesos today
$5,000 pesos in 1976 $1,747,219.03 pesos today
$10,000 pesos in 1976 $3,494,438.06 pesos today
$50,000 pesos in 1976 $17,472,190.29 pesos today
$100,000 pesos in 1976 $34,944,380.57 pesos today
$500,000 pesos in 1976 $174,721,902.86 pesos today
$1,000,000 pesos in 1976 $349,443,805.72 pesos today

Value of Peso in time (by year)

Period Value
1976 100
1977 126.83
1978 163.41
1979 195.12
1980 248.78
1981 314.63
1982 397.56
1983 492.68
1984 575.61
1985 680.49
1986 834.15
1987 1,007.32
1988 1,248.78
1989 1,602.44
1990 2,019.51
1991 2,673.17
1992 3,390.24
1993 4,243.9
1994 5,202.44
1995 6,378.05
1996 7,619.51
1997 9,268.29
1998 10,907.32
1999 12,726.83
2000 13,902.44
2001 15,119.51
2002 16,275.61
2003 17,414.63
2004 18,543.9
2005 19,563.41
2006 20,512.19
2007 21,431.7
2008 22,651.21
2009 24,390.24
2010 24,878.05
2011 25,668.29
2012 26,624.39
2013 27,273.17
2014 27,800
2015 28,817.07
2016 30,768.29
2017 32,536.58
2018 33,865.86
Today 34,944.38