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Value of 1977 Colombian Pesos today

$100 in 1977
$32,465.71 in 2024

The inflation rate in Colombia between 1977 and today has been 32,365.71%, which translates into a total increase of $32,365.71. This means that 100 pesos in 1977 are equivalent to 32,465.71 pesos in 2024. In other words, the purchasing power of $100 in 1977 equals $32,465.71 today. The average annual inflation rate between these periods has been 13.09%.

Inflation timeline in Colombia (1977 - 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 1977-2023 30,205.55%
Cumulative inflation 1977-today 32,365.71%
Avg. Annual inflation 1977-2023 13.23%
CPI 1977 0.52
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 1977 and 2023, use the corresponding CPI values:

Value2023
=Value1977 ×
CPI2023/CPI1977
=$ 100 ×
156.58/0.52
$30,305.55

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

Valuetoday
=Value1977 ×
CPItoday/CPI1977
=$ 100 ×
167.74/0.52
$32,465.71

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 46 years between 1977 and 2023 and the average inflation rate was 13.226%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.13226)46
$30,305.55

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1977 $303.06 pesos in 2023
$5 pesos in 1977 $1,515.28 pesos in 2023
$10 pesos in 1977 $3,030.55 pesos in 2023
$50 pesos in 1977 $15,152.77 pesos in 2023
$100 pesos in 1977 $30,305.55 pesos in 2023
$500 pesos in 1977 $151,527.75 pesos in 2023
$1,000 pesos in 1977 $303,055.49 pesos in 2023
$5,000 pesos in 1977 $1,515,277.47 pesos in 2023
$10,000 pesos in 1977 $3,030,554.94 pesos in 2023
$50,000 pesos in 1977 $15,152,774.68 pesos in 2023
$100,000 pesos in 1977 $30,305,549.35 pesos in 2023
$500,000 pesos in 1977 $151,527,746.76 pesos in 2023
$1,000,000 pesos in 1977 $303,055,493.51 pesos in 2023
Cumulative inflation From 1977 32,365.71%
Avg. annual inflation From 1977 13.09%
CPI 1977 0.52
CPI today 167.74

Value of Peso over time (by year)

Period Value
1977 100
1978 117.76
1979 146.18
1980 185
1981 235.79
1982 294.08
1983 351.71
1984 408.55
1985 506.97
1986 602.5
1987 742.89
1988 951.71
1989 1,197.89
1990 1,547.11
1991 2,017.24
1992 2,562.1
1993 3,137.1
1994 3,853.82
1995 4,658.95
1996 5,627.89
1997 6,667.37
1998 7,912.63
1999 8,773.03
2000 9,582.37
2001 10,345.66
2002 11,002.76
2003 11,787.24
2004 12,483.16
2005 13,113.68
2006 13,676.71
2007 14,435
2008 15,445
2009 16,094.08
2010 16,459.74
2011 17,021.84
2012 17,561.31
2013 17,915.53
2014 18,434.87
2015 19,354.74
2016 20,808.95
2017 21,706.7
2018 22,410.13
2019 23,199.65
2020 23,785.81
2021 24,617.13
2022 27,122.49
2023 30,305.55
2024-04 32,194.03
Today 32,465.71

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 |

Other currencies: