$

Value of 1999 Colombian Pesos today

$100 in 1999
$315.81 in 2022

The inflation rate in Colombia between 1999 and today has been 215.81%, which translates into a total increase of $215.81. This means that 100 pesos in 1999 are equivalent to 315.81 pesos in 2022. In other words, the purchasing power of $100 in 1999 equals $315.81 today. The average annual inflation rate between these periods has been 5.13%.

Inflation timeline in Colombia (1999 - 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 1999-2021 180.6%
Cumulative inflation 1999-today 215.81%
Avg. Annual inflation 1999-2021 4.8%
CPI 1999 45.33
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 1999 and 2021, use the corresponding CPI values:

Value2021
=Value1999 ×
CPI2021/CPI1999
=$ 100 ×
127.19/45.33
$280.6

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

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=$ 100 ×
143.15/45.33
$315.81

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 22 years between 1999 and 2021 and the average inflation rate was 4.8015%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.048015)22
$280.6

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1999 $2.81 pesos in 2021
$5 pesos in 1999 $14.03 pesos in 2021
$10 pesos in 1999 $28.06 pesos in 2021
$50 pesos in 1999 $140.3 pesos in 2021
$100 pesos in 1999 $280.6 pesos in 2021
$500 pesos in 1999 $1,403 pesos in 2021
$1,000 pesos in 1999 $2,806 pesos in 2021
$5,000 pesos in 1999 $14,030.01 pesos in 2021
$10,000 pesos in 1999 $28,060.03 pesos in 2021
$50,000 pesos in 1999 $140,300.14 pesos in 2021
$100,000 pesos in 1999 $280,600.27 pesos in 2021
$500,000 pesos in 1999 $1,403,001.35 pesos in 2021
$1,000,000 pesos in 1999 $2,806,002.71 pesos in 2021
Cumulative inflation From 1999 215.81%
Avg. annual inflation From 1999 5.13%
CPI 1999 45.33
CPI today 143.15

Value of Peso over time (by year)

Period Value
1999 100
2000 109.23
2001 117.93
2002 125.42
2003 134.36
2004 142.29
2005 149.48
2006 155.9
2007 164.54
2008 176.05
2009 183.45
2010 187.62
2011 194.02
2012 200.17
2013 204.21
2014 210.13
2015 220.62
2016 237.19
2017 247.43
2018 255.44
2019 264.44
2020 271.12
2021 280.6
2022-08 313.3
Today 315.81

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: