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Value of 1994 Colombian Pesos today

$100 in 1994
$730.33 in 2022

The inflation rate in Colombia between 1994 and today has been 630.33%, which translates into a total increase of $630.33. This means that 100 pesos in 1994 are equivalent to 730.33 pesos in 2022. In other words, the purchasing power of $100 in 1994 equals $730.33 today. The average annual inflation rate between these periods has been 7.36%.

Inflation timeline in Colombia (1994 - 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 1994-2021 538.77%
Cumulative inflation 1994-today 630.33%
Avg. Annual inflation 1994-2021 7.11%
CPI 1994 19.91
CPI 2021 127.19
CPI 2022-10 (latest official data) 144.36
CPI today 145.42

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 1994 and 2021, use the corresponding CPI values:

Value2021
=Value1994 ×
CPI2021/CPI1994
=$ 100 ×
127.19/19.91
$638.77

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 145.42:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=$ 100 ×
145.42/19.91
$730.33

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 27 years between 1994 and 2021 and the average inflation rate was 7.1094%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.071094)27
$638.77

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1994 $6.39 pesos in 2021
$5 pesos in 1994 $31.94 pesos in 2021
$10 pesos in 1994 $63.88 pesos in 2021
$50 pesos in 1994 $319.39 pesos in 2021
$100 pesos in 1994 $638.77 pesos in 2021
$500 pesos in 1994 $3,193.86 pesos in 2021
$1,000 pesos in 1994 $6,387.73 pesos in 2021
$5,000 pesos in 1994 $31,938.64 pesos in 2021
$10,000 pesos in 1994 $63,877.29 pesos in 2021
$50,000 pesos in 1994 $319,386.44 pesos in 2021
$100,000 pesos in 1994 $638,772.89 pesos in 2021
$500,000 pesos in 1994 $3,193,864.45 pesos in 2021
$1,000,000 pesos in 1994 $6,387,728.89 pesos in 2021
Cumulative inflation From 1994 630.33%
Avg. annual inflation From 1994 7.36%
CPI 1994 19.91
CPI today 145.42

Value of Peso over time (by year)

Period Value
1994 100
1995 120.89
1996 146.03
1997 173.01
1998 205.32
1999 227.65
2000 248.65
2001 268.45
2002 285.5
2003 305.86
2004 323.92
2005 340.28
2006 354.89
2007 374.56
2008 400.77
2009 417.61
2010 427.1
2011 441.69
2012 455.69
2013 464.88
2014 478.35
2015 502.22
2016 539.96
2017 563.25
2018 581.5
2019 601.99
2020 617.2
2021 638.77
2022-10 724.99
Today 730.33

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: