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# Value of 2011 Colombian Pesos today

\$100 in 2011
\$190.02 in 2024

The inflation rate in Colombia between 2011 and today has been 90.02%, which translates into a total increase of \$90.02. This means that 100 pesos in 2011 are equivalent to 190.02 pesos in 2024. In other words, the purchasing power of \$100 in 2011 equals \$190.02 today. The average annual inflation rate between these periods has been 5.06%.

## Inflation timeline in Colombia (2011 - 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 2011-2023 78.04%
Cumulative inflation 2011-today 90.02%
Avg. Annual inflation 2011-2023 4.92%
CPI 2011 87.95
CPI 2023 156.58
CPI 2024-04 (latest official data) 166.34
CPI today 167.12

## 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 2011 and 2023, use the corresponding CPI values:

Value2023
=Value2011 ×
CPI2023/CPI2011
=\$ 100 ×
156.58/87.95
\$178.04

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 167.12:

Valuetoday
=Value2011 ×
CPItoday/CPI2011
=\$ 100 ×
167.12/87.95
\$190.02

### 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 12 years between 2011 and 2023 and the average inflation rate was 4.9244%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=\$100 × (1 + 0.049244)12
\$178.04

## Colombia inflation - Conversion table

Initial Value Equivalent value
\$1 peso in 2011 \$1.78 pesos in 2023
\$5 pesos in 2011 \$8.9 pesos in 2023
\$10 pesos in 2011 \$17.8 pesos in 2023
\$50 pesos in 2011 \$89.02 pesos in 2023
\$100 pesos in 2011 \$178.04 pesos in 2023
\$500 pesos in 2011 \$890.2 pesos in 2023
\$1,000 pesos in 2011 \$1,780.39 pesos in 2023
\$5,000 pesos in 2011 \$8,901.96 pesos in 2023
\$10,000 pesos in 2011 \$17,803.92 pesos in 2023
\$50,000 pesos in 2011 \$89,019.59 pesos in 2023
\$100,000 pesos in 2011 \$178,039.19 pesos in 2023
\$500,000 pesos in 2011 \$890,195.93 pesos in 2023
\$1,000,000 pesos in 2011 \$1,780,391.86 pesos in 2023
 Cumulative inflation From 2011 90.02% Avg. annual inflation From 2011 5.06% CPI 2011 87.95 CPI today 167.12

### Value of Peso over time (by year)

Period Value
2011 100
2012 103.17
2013 105.25
2014 108.3
2015 113.71
2016 122.25
2017 127.52
2018 131.66
2019 136.29
2020 139.74
2021 144.62
2022 159.34
2023 178.04
2024-04 189.13
Today 190.02

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: