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Value of 2006 Colombian Pesos today

$100 in 2006
$236.69 in 2024

The inflation rate in Colombia between 2006 and today has been 136.69%, which translates into a total increase of $136.69. This means that 100 pesos in 2006 are equivalent to 236.69 pesos in 2024. In other words, the purchasing power of $100 in 2006 equals $236.69 today. The average annual inflation rate between these periods has been 4.9%.

Inflation timeline in Colombia (2006 - 2024)

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 2006-2023 121.59%
Cumulative inflation 2006-today 136.69%
Avg. Annual inflation 2006-2023 4.79%
CPI 2006 70.66
CPI 2023 156.58
CPI 2024-04 (latest official data) 166.34
CPI today 167.25

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 2006 and 2023, use the corresponding CPI values:

Value2023
=Value2006 ×
CPI2023/CPI2006
=$ 100 ×
156.58/70.66
$221.59

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 167.25:

Valuetoday
=Value2006 ×
CPItoday/CPI2006
=$ 100 ×
167.25/70.66
$236.69

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 17 years between 2006 and 2023 and the average inflation rate was 4.7915%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.047915)17
$221.59

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 2006 $2.22 pesos in 2023
$5 pesos in 2006 $11.08 pesos in 2023
$10 pesos in 2006 $22.16 pesos in 2023
$50 pesos in 2006 $110.79 pesos in 2023
$100 pesos in 2006 $221.59 pesos in 2023
$500 pesos in 2006 $1,107.93 pesos in 2023
$1,000 pesos in 2006 $2,215.85 pesos in 2023
$5,000 pesos in 2006 $11,079.25 pesos in 2023
$10,000 pesos in 2006 $22,158.51 pesos in 2023
$50,000 pesos in 2006 $110,792.53 pesos in 2023
$100,000 pesos in 2006 $221,585.07 pesos in 2023
$500,000 pesos in 2006 $1,107,925.35 pesos in 2023
$1,000,000 pesos in 2006 $2,215,850.7 pesos in 2023
Cumulative inflation From 2006 136.69%
Avg. annual inflation From 2006 4.9%
CPI 2006 70.66
CPI today 167.25

Value of Peso over time (by year)

Period Value
2006 100
2007 105.54
2008 112.93
2009 117.68
2010 120.35
2011 124.46
2012 128.4
2013 130.99
2014 134.79
2015 141.52
2016 152.15
2017 158.71
2018 163.86
2019 169.63
2020 173.91
2021 179.99
2022 198.31
2023 221.59
2024-04 235.39
Today 236.69

All available years

Today's value of colombian pesos by year:

1970 | 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 | 2022 | 2023 |

Other currencies: