$

Value of 1978 Colombian Pesos today

$100 in 1978
$22,985.73 in 2022

The inflation rate in Colombia between 1978 and today has been 22,885.73%, which translates into a total increase of $22,885.73. This means that 100 pesos in 1978 are equivalent to 22,985.73 pesos in 2022. In other words, the purchasing power of $100 in 1978 equals $22,985.73 today. The average annual inflation rate between these periods has been 13.15%.

Inflation timeline in Colombia (1978 - 2022)

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 1978-2021 20,827.08%
Cumulative inflation 1978-today 22,885.73%
Avg. Annual inflation 1978-2021 13.23%
CPI 1978 0.61
CPI 2021 127.19
CPI 2022-05 (latest official data) 138.73
CPI today 139.7

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 1978 and 2021, use the corresponding CPI values:

Value2021
=Value1978 ×
CPI2021/CPI1978
=$ 100 ×
127.19/0.61
$20,927.08

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 139.7:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=$ 100 ×
139.7/0.61
$22,985.73

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 43 years between 1978 and 2021 and the average inflation rate was 13.2322%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.132322)43
$20,927.08

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1978 $209.27 pesos in 2021
$5 pesos in 1978 $1,046.35 pesos in 2021
$10 pesos in 1978 $2,092.71 pesos in 2021
$50 pesos in 1978 $10,463.54 pesos in 2021
$100 pesos in 1978 $20,927.08 pesos in 2021
$500 pesos in 1978 $104,635.4 pesos in 2021
$1,000 pesos in 1978 $209,270.8 pesos in 2021
$5,000 pesos in 1978 $1,046,353.98 pesos in 2021
$10,000 pesos in 1978 $2,092,707.96 pesos in 2021
$50,000 pesos in 1978 $10,463,539.79 pesos in 2021
$100,000 pesos in 1978 $20,927,079.57 pesos in 2021
$500,000 pesos in 1978 $104,635,397.86 pesos in 2021
$1,000,000 pesos in 1978 $209,270,795.73 pesos in 2021
Cumulative inflation From 1978 22,885.73%
Avg. annual inflation From 1978 13.15%
CPI 1978 0.61
CPI today 139.7

Value of Peso over time (by year)

Period Value
1978 100
1979 124.2
1980 157.21
1981 200.48
1982 250
1983 298.72
1984 347.6
1985 430.93
1986 512.18
1987 631.57
1988 809.29
1989 1,018.59
1990 1,315.38
1991 1,714.58
1992 2,178.04
1993 2,666.83
1994 3,276.12
1995 3,960.74
1996 4,784.46
1997 5,667.79
1998 6,726.6
1999 7,458.01
2000 8,145.83
2001 8,795.03
2002 9,353.69
2003 10,020.67
2004 10,612.02
2005 11,148.08
2006 11,626.6
2007 12,271.31
2008 13,130.13
2009 13,681.73
2010 13,992.47
2011 14,470.67
2012 14,929.01
2013 15,230.29
2014 15,671.63
2015 16,453.68
2016 17,690.06
2017 18,452.89
2018 19,050.8
2019 19,722.44
2020 20,220.34
2021 20,927.08
2022-05 22,826.92
Today 22,985.73

All available years

Today's value of colombian pesos by year:

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 |

Other currencies: