Value of 1997 Colombian Pesos today

$100 in 1997

$377.74 in 2019

The inflation rate in Colombia between 1997 and today has been 277.74%, which translates into a total increase of $277.74. This means that 100 pesos in 1997 are equivalent to 377.74 pesos in 2019. In other words, the purchasing power of $100 in 1997 equals $377.74 today. The average annual inflation rate has been 5.95%.

Inflation timeline in Colombia (1997-2019)

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 (1997-2019) 277.07%
Total Inflation* 277.74%
Annual inflation avg. (1997-2019) 6.22%
Annual inflation avg.* 5.95%
CPI 1997 31
CPI 2019 116.88
CPI today* 117.09
$1 in 1997 $3.77 in 2019

* 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 22 years between 1997 and 2019 and the average inflation rate has been 5.9487%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.06)22 = $377.07

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 1997 was 31 and the CPI today is 117.09. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
116.88/31
= $377.07

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1997 $3.78 pesos today
$5 pesos in 1997 $18.89 pesos today
$10 pesos in 1997 $37.77 pesos today
$50 pesos in 1997 $188.87 pesos today
$100 pesos in 1997 $377.74 pesos today
$500 pesos in 1997 $1,888.71 pesos today
$1,000 pesos in 1997 $3,777.42 pesos today
$5,000 pesos in 1997 $18,887.1 pesos today
$10,000 pesos in 1997 $37,774.2 pesos today
$50,000 pesos in 1997 $188,870.99 pesos today
$100,000 pesos in 1997 $377,741.97 pesos today
$500,000 pesos in 1997 $1,888,709.87 pesos today
$1,000,000 pesos in 1997 $3,777,419.74 pesos today

Value of Peso in time (by year)

Period Value
1997 100
1998 117.68
1999 137.33
2000 150.04
2001 163.16
2002 175.64
2003 187.93
2004 200.11
2005 211.12
2006 221.34
2007 231.26
2008 244.42
2009 263.2
2010 268.44
2011 277
2012 287.29
2013 294.31
2014 300
2015 310.97
2016 332.01
2017 351.09
2018 365.42
2019 377.07
Today 377.74