$

Value of 1989 Colombian Pesos today

$100 in 1989
$2,256.62 in 2022

The inflation rate in Colombia between 1989 and today has been 2,156.62%, which translates into a total increase of $2,156.62. This means that 100 pesos in 1989 are equivalent to 2,256.62 pesos in 2022. In other words, the purchasing power of $100 in 1989 equals $2,256.62 today. The average annual inflation rate between these periods has been 9.9%.

Inflation timeline in Colombia (1989 - 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 1989-2021 1,954.52%
Cumulative inflation 1989-today 2,156.62%
Avg. Annual inflation 1989-2021 9.91%
CPI 1989 6.19
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 1989 and 2021, use the corresponding CPI values:

Value2021
=Value1989 ×
CPI2021/CPI1989
=$ 100 ×
127.19/6.19
$2,054.52

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

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=$ 100 ×
139.7/6.19
$2,256.62

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 32 years between 1989 and 2021 and the average inflation rate was 9.9062%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.099062)32
$2,054.52

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1989 $20.55 pesos in 2021
$5 pesos in 1989 $102.73 pesos in 2021
$10 pesos in 1989 $205.45 pesos in 2021
$50 pesos in 1989 $1,027.26 pesos in 2021
$100 pesos in 1989 $2,054.52 pesos in 2021
$500 pesos in 1989 $10,272.58 pesos in 2021
$1,000 pesos in 1989 $20,545.15 pesos in 2021
$5,000 pesos in 1989 $102,725.76 pesos in 2021
$10,000 pesos in 1989 $205,451.51 pesos in 2021
$50,000 pesos in 1989 $1,027,257.57 pesos in 2021
$100,000 pesos in 1989 $2,054,515.13 pesos in 2021
$500,000 pesos in 1989 $10,272,575.67 pesos in 2021
$1,000,000 pesos in 1989 $20,545,151.33 pesos in 2021
Cumulative inflation From 1989 2,156.62%
Avg. annual inflation From 1989 9.9%
CPI 1989 6.19
CPI today 139.7

Value of Peso over time (by year)

Period Value
1989 100
1990 129.14
1991 168.33
1992 213.83
1993 261.82
1994 321.63
1995 388.85
1996 469.71
1997 556.43
1998 660.38
1999 732.19
2000 799.72
2001 863.45
2002 918.3
2003 983.78
2004 1,041.83
2005 1,094.46
2006 1,141.44
2007 1,204.74
2008 1,289.05
2009 1,343.2
2010 1,373.71
2011 1,420.66
2012 1,465.65
2013 1,495.23
2014 1,538.56
2015 1,615.34
2016 1,736.72
2017 1,811.61
2018 1,870.31
2019 1,936.25
2020 1,985.13
2021 2,054.52
2022-05 2,241.03
Today 2,256.62

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 |

Other currencies: