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Value of 1976 Colombian Pesos today

$100 in 1976
$43,440.04 in 2024

The inflation rate in Colombia between 1976 and today has been 43,340.04%, which translates into a total increase of $43,340.04. This means that 100 pesos in 1976 are equivalent to 43,440.04 pesos in 2024. In other words, the purchasing power of $100 in 1976 equals $43,440.04 today. The average annual inflation rate between these periods has been 13.49%.

Inflation timeline in Colombia (1976 - 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 1976-2023 40,449.68%
Cumulative inflation 1976-today 43,340.04%
Avg. Annual inflation 1976-2023 13.63%
CPI 1976 0.39
CPI 2023 156.58
CPI 2024-04 (latest official data) 166.34
CPI today 167.74

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 1976 and 2023, use the corresponding CPI values:

Value2023
=Value1976 ×
CPI2023/CPI1976
=$ 100 ×
156.58/0.39
$40,549.68

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 167.74:

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=$ 100 ×
167.74/0.39
$43,440.04

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 47 years between 1976 and 2023 and the average inflation rate was 13.629%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.13629)47
$40,549.68

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1976 $405.5 pesos in 2023
$5 pesos in 1976 $2,027.48 pesos in 2023
$10 pesos in 1976 $4,054.97 pesos in 2023
$50 pesos in 1976 $20,274.84 pesos in 2023
$100 pesos in 1976 $40,549.68 pesos in 2023
$500 pesos in 1976 $202,748.39 pesos in 2023
$1,000 pesos in 1976 $405,496.78 pesos in 2023
$5,000 pesos in 1976 $2,027,483.9 pesos in 2023
$10,000 pesos in 1976 $4,054,967.8 pesos in 2023
$50,000 pesos in 1976 $20,274,839.02 pesos in 2023
$100,000 pesos in 1976 $40,549,678.05 pesos in 2023
$500,000 pesos in 1976 $202,748,390.23 pesos in 2023
$1,000,000 pesos in 1976 $405,496,780.46 pesos in 2023
Cumulative inflation From 1976 43,340.04%
Avg. annual inflation From 1976 13.49%
CPI 1976 0.39
CPI today 167.74

Value of Peso over time (by year)

Period Value
1976 100
1977 133.8
1978 157.57
1979 195.6
1980 247.54
1981 315.49
1982 393.49
1983 470.6
1984 546.65
1985 678.35
1986 806.16
1987 994.01
1988 1,273.42
1989 1,602.82
1990 2,070.07
1991 2,699.12
1992 3,428.17
1993 4,197.53
1994 5,156.51
1995 6,233.8
1996 7,530.28
1997 8,921.13
1998 10,587.32
1999 11,738.56
2000 12,821.48
2001 13,842.78
2002 14,722.01
2003 15,771.65
2004 16,702.82
2005 17,546.48
2006 18,299.82
2007 19,314.43
2008 20,665.84
2009 21,534.33
2010 22,023.59
2011 22,775.7
2012 23,497.53
2013 23,971.48
2014 24,666.37
2015 25,897.18
2016 27,842.97
2017 29,044.18
2018 29,985.39
2019 31,041.79
2020 31,826.08
2021 32,938.42
2022 36,290.65
2023 40,549.68
2024-04 43,076.52
Today 43,440.04

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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