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Value of 1979 Colombian Pesos today

$100 in 1979
$18,507.22 in 2022

The inflation rate in Colombia between 1979 and today has been 18,407.22%, which translates into a total increase of $18,407.22. This means that 100 pesos in 1979 are equivalent to 18,507.22 pesos in 2022. In other words, the purchasing power of $100 in 1979 equals $18,507.22 today. The average annual inflation rate between these periods has been 12.91%.

Inflation timeline in Colombia (1979 - 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 1979-2021 16,749.67%
Cumulative inflation 1979-today 18,407.22%
Avg. Annual inflation 1979-2021 12.98%
CPI 1979 0.75
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 1979 and 2021, use the corresponding CPI values:

Value2021
=Value1979 ×
CPI2021/CPI1979
=$ 100 ×
127.19/0.75
$16,849.67

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

Valuetoday
=Value1979 ×
CPItoday/CPI1979
=$ 100 ×
139.7/0.75
$18,507.22

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 42 years between 1979 and 2021 and the average inflation rate was 12.9833%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.129833)42
$16,849.67

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1979 $168.5 pesos in 2021
$5 pesos in 1979 $842.48 pesos in 2021
$10 pesos in 1979 $1,684.97 pesos in 2021
$50 pesos in 1979 $8,424.84 pesos in 2021
$100 pesos in 1979 $16,849.67 pesos in 2021
$500 pesos in 1979 $84,248.37 pesos in 2021
$1,000 pesos in 1979 $168,496.75 pesos in 2021
$5,000 pesos in 1979 $842,483.75 pesos in 2021
$10,000 pesos in 1979 $1,684,967.5 pesos in 2021
$50,000 pesos in 1979 $8,424,837.48 pesos in 2021
$100,000 pesos in 1979 $16,849,674.96 pesos in 2021
$500,000 pesos in 1979 $84,248,374.78 pesos in 2021
$1,000,000 pesos in 1979 $168,496,749.57 pesos in 2021
Cumulative inflation From 1979 18,407.22%
Avg. annual inflation From 1979 12.91%
CPI 1979 0.75
CPI today 139.7

Value of Peso over time (by year)

Period Value
1979 100
1980 126.58
1981 161.42
1982 201.29
1983 240.52
1984 279.87
1985 346.97
1986 412.39
1987 508.52
1988 651.61
1989 820.13
1990 1,059.1
1991 1,380.52
1992 1,753.68
1993 2,147.23
1994 2,637.81
1995 3,189.03
1996 3,852.26
1997 4,563.48
1998 5,416
1999 6,004.9
2000 6,558.71
2001 7,081.42
2002 7,531.23
2003 8,068.26
2004 8,544.39
2005 8,976
2006 9,361.29
2007 9,880.39
2008 10,571.87
2009 11,016
2010 11,266.19
2011 11,651.23
2012 12,020.26
2013 12,262.84
2014 12,618.19
2015 13,247.87
2016 14,243.36
2017 14,857.55
2018 15,338.97
2019 15,879.75
2020 16,280.64
2021 16,849.67
2022-05 18,379.35
Today 18,507.22

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: