Value of 1979 Colombian Pesos today

$100 in 1979

$17,909 today

The inflation rate in Colombia between 1979 and today has been 17,809%, which translates into a total increase of $17,809. This means that 100 pesos in 1979 are equivalent to 17,909 pesos in 2018. In other words, the purchasing power of $100 in 1979 equals $17,909 today. The average annual inflation rate has been 13.85%.

Inflation timeline in Colombia (1979-2019)

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 (1979-2018) 17,256.26%
Total Inflation* 17,809%
Annual inflation avg. (1979-2018) 14.14%
Annual inflation avg.* 13.85%
CPI 1979 0.65
CPI 2018 113.27
CPI today* 116.88
$1 in 1979 $173.56 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 39 years between 1979 and 2018 and the average inflation rate has been 13.8484%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.14)39 = $17,356.26

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 1979 was 0.65 and the CPI today is 116.88. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
113.27/0.65
= $17,356.26

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1979 $179.09 pesos today
$5 pesos in 1979 $895.45 pesos today
$10 pesos in 1979 $1,790.9 pesos today
$50 pesos in 1979 $8,954.5 pesos today
$100 pesos in 1979 $17,909 pesos today
$500 pesos in 1979 $89,544.99 pesos today
$1,000 pesos in 1979 $179,089.98 pesos today
$5,000 pesos in 1979 $895,449.92 pesos today
$10,000 pesos in 1979 $1,790,899.84 pesos today
$50,000 pesos in 1979 $8,954,499.19 pesos today
$100,000 pesos in 1979 $17,908,998.39 pesos today
$500,000 pesos in 1979 $89,544,991.95 pesos today
$1,000,000 pesos in 1979 $179,089,983.9 pesos today

Value of Peso in time (by year)

Period Value
1979 100
1980 127.5
1981 161.25
1982 203.75
1983 252.5
1984 295
1985 348.75
1986 427.5
1987 516.25
1988 640
1989 821.25
1990 1,035
1991 1,370
1992 1,737.5
1993 2,175
1994 2,666.25
1995 3,268.75
1996 3,905
1997 4,750
1998 5,590
1999 6,522.5
2000 7,125
2001 7,748.75
2002 8,341.25
2003 8,925
2004 9,503.75
2005 10,026.25
2006 10,512.5
2007 10,983.75
2008 11,608.75
2009 12,500
2010 12,750
2011 13,155
2012 13,645
2013 13,977.5
2014 14,247.5
2015 14,768.75
2016 15,768.75
2017 16,675
2018 17,356.26
Today 17,909