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Value of 1985 Colombian Pesos today

$100 in 1985
$6,292.62 in 2024

The inflation rate in Colombia between 1985 and today has been 6,192.62%, which translates into a total increase of $6,192.62. This means that 100 pesos in 1985 are equivalent to 6,292.62 pesos in 2024. In other words, the purchasing power of $100 in 1985 equals $6,292.62 today. The average annual inflation rate between these periods has been 11.2%.

Inflation timeline in Colombia (1985 - 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 1985-2023 5,877.74%
Cumulative inflation 1985-today 6,192.62%
Avg. Annual inflation 1985-2023 11.37%
CPI 1985 2.62
CPI 2023 156.58
CPI 2024-02 (latest official data) 164.2
CPI today 164.83

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 1985 and 2023, use the corresponding CPI values:

Value2023
=Value1985 ×
CPI2023/CPI1985
=$ 100 ×
156.58/2.62
$5,977.74

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 164.83:

Valuetoday
=Value1985 ×
CPItoday/CPI1985
=$ 100 ×
164.83/2.62
$6,292.62

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 38 years between 1985 and 2023 and the average inflation rate was 11.3656%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.113656)38
$5,977.74

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1985 $59.78 pesos in 2023
$5 pesos in 1985 $298.89 pesos in 2023
$10 pesos in 1985 $597.77 pesos in 2023
$50 pesos in 1985 $2,988.87 pesos in 2023
$100 pesos in 1985 $5,977.74 pesos in 2023
$500 pesos in 1985 $29,888.68 pesos in 2023
$1,000 pesos in 1985 $59,777.36 pesos in 2023
$5,000 pesos in 1985 $298,886.8 pesos in 2023
$10,000 pesos in 1985 $597,773.59 pesos in 2023
$50,000 pesos in 1985 $2,988,867.97 pesos in 2023
$100,000 pesos in 1985 $5,977,735.94 pesos in 2023
$500,000 pesos in 1985 $29,888,679.68 pesos in 2023
$1,000,000 pesos in 1985 $59,777,359.36 pesos in 2023
Cumulative inflation From 1985 6,192.62%
Avg. annual inflation From 1985 11.2%
CPI 1985 2.62
CPI today 164.83

Value of Peso over time (by year)

Period Value
1985 100
1986 118.84
1987 146.54
1988 187.72
1989 236.28
1990 305.16
1991 397.9
1992 505.37
1993 618.79
1994 760.16
1995 918.97
1996 1,110.1
1997 1,315.13
1998 1,560.76
1999 1,730.47
2000 1,890.11
2001 2,040.67
2002 2,170.28
2003 2,325.02
2004 2,462.29
2005 2,586.66
2006 2,697.72
2007 2,847.29
2008 3,046.51
2009 3,174.54
2010 3,246.66
2011 3,357.54
2012 3,463.95
2013 3,533.82
2014 3,636.26
2015 3,817.7
2016 4,104.54
2017 4,281.62
2018 4,420.37
2019 4,576.11
2020 4,691.72
2021 4,855.7
2022 5,349.88
2023 5,977.74
2024-02 6,268.7
Today 6,292.62

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 | 2022 | 2023 |

Other currencies: