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Value of 1978 Colombian Pesos today

$100 in 1978
$27,662.61 in 2024

The inflation rate in Colombia between 1978 and today has been 27,562.61%, which translates into a total increase of $27,562.61. This means that 100 pesos in 1978 are equivalent to 27,662.61 pesos in 2024. In other words, the purchasing power of $100 in 1978 equals $27,662.61 today. The average annual inflation rate between these periods has been 13%.

Inflation timeline in Colombia (1978 - 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 1978-2023 25,634.32%
Cumulative inflation 1978-today 27,562.61%
Avg. Annual inflation 1978-2023 13.13%
CPI 1978 0.61
CPI 2023 156.58
CPI 2024-06 (latest official data) 167.59
CPI today 168.31

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 2023, use the corresponding CPI values:

Value2023
=Value1978 ×
CPI2023/CPI1978
=$ 100 ×
156.58/0.61
$25,734.32

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 168.31:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=$ 100 ×
168.31/0.61
$27,662.61

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 45 years between 1978 and 2023 and the average inflation rate was 13.1272%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.131272)45
$25,734.32

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1978 $257.34 pesos in 2023
$5 pesos in 1978 $1,286.72 pesos in 2023
$10 pesos in 1978 $2,573.43 pesos in 2023
$50 pesos in 1978 $12,867.16 pesos in 2023
$100 pesos in 1978 $25,734.32 pesos in 2023
$500 pesos in 1978 $128,671.61 pesos in 2023
$1,000 pesos in 1978 $257,343.21 pesos in 2023
$5,000 pesos in 1978 $1,286,716.06 pesos in 2023
$10,000 pesos in 1978 $2,573,432.13 pesos in 2023
$50,000 pesos in 1978 $12,867,160.65 pesos in 2023
$100,000 pesos in 1978 $25,734,321.29 pesos in 2023
$500,000 pesos in 1978 $128,671,606.46 pesos in 2023
$1,000,000 pesos in 1978 $257,343,212.92 pesos in 2023
Cumulative inflation From 1978 27,562.61%
Avg. annual inflation From 1978 13%
CPI 1978 0.61
CPI today 168.31

Value of Peso over time (by year)

Period Value
1978 100
1979 124.13
1980 157.09
1981 200.22
1982 249.72
1983 298.66
1984 346.93
1985 430.5
1986 511.62
1987 630.84
1988 808.16
1989 1,017.21
1990 1,313.74
1991 1,712.96
1992 2,175.64
1993 2,663.91
1994 3,272.51
1995 3,956.2
1996 4,778.99
1997 5,661.68
1998 6,719.11
1999 7,449.72
2000 8,136.98
2001 8,785.14
2002 9,343.13
2003 10,009.27
2004 10,600.22
2005 11,135.64
2006 11,613.74
2007 12,257.65
2008 13,115.31
2009 13,666.48
2010 13,976.98
2011 14,454.3
2012 14,912.4
2013 15,213.18
2014 15,654.19
2015 16,435.31
2016 17,670.17
2017 18,432.51
2018 19,029.83
2019 19,700.26
2020 20,198.01
2021 20,903.94
2022 23,031.39
2023 25,734.32
2024-06 27,543.37
Today 27,662.61

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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