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Value of 2008 Colombian Pesos today

$100 in 2008
$182.17 in 2022

The inflation rate in Colombia between 2008 and today has been 82.17%, which translates into a total increase of $82.17. This means that 100 pesos in 2008 are equivalent to 182.17 pesos in 2022. In other words, the purchasing power of $100 in 2008 equals $182.17 today. The average annual inflation rate between these periods has been 4.38%.

Inflation timeline in Colombia (2008 - 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 2008-2021 59.39%
Cumulative inflation 2008-today 82.17%
Avg. Annual inflation 2008-2021 3.65%
CPI 2008 79.8
CPI 2021 127.19
CPI 2022-10 (latest official data) 144.36
CPI today 145.37

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 2008 and 2021, use the corresponding CPI values:

Value2021
=Value2008 ×
CPI2021/CPI2008
=$ 100 ×
127.19/79.8
$159.39

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 145.37:

Valuetoday
=Value2008 ×
CPItoday/CPI2008
=$ 100 ×
145.37/79.8
$182.17

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 13 years between 2008 and 2021 and the average inflation rate was 3.6509%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.036509)13
$159.39

Colombia inflation - Conversion table

Initial Value Equivalent value
$1 peso in 2008 $1.59 pesos in 2021
$5 pesos in 2008 $7.97 pesos in 2021
$10 pesos in 2008 $15.94 pesos in 2021
$50 pesos in 2008 $79.69 pesos in 2021
$100 pesos in 2008 $159.39 pesos in 2021
$500 pesos in 2008 $796.93 pesos in 2021
$1,000 pesos in 2008 $1,593.86 pesos in 2021
$5,000 pesos in 2008 $7,969.29 pesos in 2021
$10,000 pesos in 2008 $15,938.58 pesos in 2021
$50,000 pesos in 2008 $79,692.9 pesos in 2021
$100,000 pesos in 2008 $159,385.8 pesos in 2021
$500,000 pesos in 2008 $796,929.01 pesos in 2021
$1,000,000 pesos in 2008 $1,593,858.01 pesos in 2021
Cumulative inflation From 2008 82.17%
Avg. annual inflation From 2008 4.38%
CPI 2008 79.8
CPI today 145.37

Value of Peso over time (by year)

Period Value
2008 100
2009 104.2
2010 106.57
2011 110.21
2012 113.7
2013 116
2014 119.36
2015 125.31
2016 134.73
2017 140.54
2018 145.1
2019 150.21
2020 154
2021 159.39
2022-10 180.9
Today 182.17

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: