Value of 1993 Colombian Pesos today

$100 in 1993

$823.4 today

The inflation rate in Colombia between 1993 and today has been 723.4%, which translates into a total increase of $723.4. This means that 100 pesos in 1993 are equivalent to 823.4 pesos in 2018. In other words, the purchasing power of $100 in 1993 equals $823.4 today. The average annual inflation rate has been 8.45%.

Inflation timeline in Colombia (1993-2019)

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 (1993-2018) 697.99%
Total Inflation* 723.4%
Annual inflation avg. (1993-2018) 8.66%
Annual inflation avg.* 8.45%
CPI 1993 14.19
CPI 2018 113.27
CPI today* 116.88
$1 in 1993 $7.98 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 25 years between 1993 and 2018 and the average inflation rate has been 8.4466%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.08)25 = $797.99

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 1993 was 14.19 and the CPI today is 116.88. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
113.27/14.19
= $797.99

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1993 $8.23 pesos today
$5 pesos in 1993 $41.17 pesos today
$10 pesos in 1993 $82.34 pesos today
$50 pesos in 1993 $411.7 pesos today
$100 pesos in 1993 $823.4 pesos today
$500 pesos in 1993 $4,117.01 pesos today
$1,000 pesos in 1993 $8,234.02 pesos today
$5,000 pesos in 1993 $41,170.11 pesos today
$10,000 pesos in 1993 $82,340.23 pesos today
$50,000 pesos in 1993 $411,701.15 pesos today
$100,000 pesos in 1993 $823,402.3 pesos today
$500,000 pesos in 1993 $4,117,011.49 pesos today
$1,000,000 pesos in 1993 $8,234,022.97 pesos today

Value of Peso in time (by year)

Period Value
1993 100
1994 122.59
1995 150.29
1996 179.54
1997 218.39
1998 257.01
1999 299.89
2000 327.59
2001 356.26
2002 383.51
2003 410.34
2004 436.95
2005 460.98
2006 483.33
2007 505
2008 533.74
2009 574.71
2010 586.21
2011 604.83
2012 627.36
2013 642.64
2014 655.06
2015 679.02
2016 725
2017 766.67
2018 797.99
Today 823.4