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Value of 1992 Colombian Pesos today

$100 in 1992
$1,081.38 in 2022

The inflation rate in Colombia between 1992 and today has been 981.38%, which translates into a total increase of $981.38. This means that 100 pesos in 1992 are equivalent to 1,081.38 pesos in 2022. In other words, the purchasing power of $100 in 1992 equals $1,081.38 today. The average annual inflation rate between these periods has been 8.26%.

Inflation timeline in Colombia (1992 - 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 1992-2021 860.82%
Cumulative inflation 1992-today 981.38%
Avg. Annual inflation 1992-2021 8.11%
CPI 1992 13.24
CPI 2021 127.19
CPI 2022-08 (latest official data) 142.01
CPI today 143.15

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 1992 and 2021, use the corresponding CPI values:

Value2021
=Value1992 ×
CPI2021/CPI1992
=$ 100 ×
127.19/13.24
$960.82

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 143.15:

Valuetoday
=Value1992 ×
CPItoday/CPI1992
=$ 100 ×
143.15/13.24
$1,081.38

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 29 years between 1992 and 2021 and the average inflation rate was 8.1146%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.081146)29
$960.82

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1992 $9.61 pesos in 2021
$5 pesos in 1992 $48.04 pesos in 2021
$10 pesos in 1992 $96.08 pesos in 2021
$50 pesos in 1992 $480.41 pesos in 2021
$100 pesos in 1992 $960.82 pesos in 2021
$500 pesos in 1992 $4,804.08 pesos in 2021
$1,000 pesos in 1992 $9,608.17 pesos in 2021
$5,000 pesos in 1992 $48,040.85 pesos in 2021
$10,000 pesos in 1992 $96,081.69 pesos in 2021
$50,000 pesos in 1992 $480,408.47 pesos in 2021
$100,000 pesos in 1992 $960,816.95 pesos in 2021
$500,000 pesos in 1992 $4,804,084.73 pesos in 2021
$1,000,000 pesos in 1992 $9,608,169.45 pesos in 2021
Cumulative inflation From 1992 981.38%
Avg. annual inflation From 1992 8.26%
CPI 1992 13.24
CPI today 143.15

Value of Peso over time (by year)

Period Value
1992 100
1993 122.44
1994 150.42
1995 181.84
1996 219.66
1997 260.23
1998 308.83
1999 342.41
2000 374
2001 403.8
2002 429.44
2003 460.06
2004 487.22
2005 511.83
2006 533.81
2007 563.4
2008 602.82
2009 628.16
2010 642.43
2011 664.37
2012 685.43
2013 699.25
2014 719.52
2015 755.42
2016 812.18
2017 847.22
2018 874.68
2019 905.49
2020 928.37
2021 960.82
2022-08 1,072.78
Today 1,081.38

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: