This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.
Kč100 in 1992
Kč304.97 in 2018
The inflation rate in Czech Republic between 1992 and 2018 was 204.97%, which translates into a total increase of Kč204.97. This means that 100 korunas in 1992 are equivalent to 304.97 korunas in 2018. In other words, the purchasing power of Kč100 in 1992 equals Kč304.97 in 2018. The average annual inflation rate between these periods was 4.38%.
The following chart ilustrates the equivalence of czech korunas throughout the years due to compound 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 (CZK) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability.
The following table contains relevant indicators:
|Total Inflation (1992-2018)||204.97%|
|Annual inflation avg. (1992-2018)||4.38%|
|Kč1 in 1992||Kč3.05 in 2018|
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.
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:
In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, the future value is the amount in 2018 that equals Kč100 in 1992 in terms of purchasing power. There are 26 years between 1992 and 2018 and the average inflation rate was 4.3819%. Therefore, we can resolve the formula like this:
FV = PV (1 + i)n = Kč100 * (1 + 0.043819)26 = Kč304.971565 ≈ Kč304.97
When the CPI for both start and end years is known, the following formula can be used:
In this case, the CPI in 1992 was 34.07 and in 2018 was 103.9. Therefore,
|Initial Value||Equivalent value|
|Kč1 koruna in 1992||Kč3.05 korunas in 2018|
|Kč5 korunas in 1992||Kč15.25 korunas in 2018|
|Kč10 korunas in 1992||Kč30.5 korunas in 2018|
|Kč50 korunas in 1992||Kč152.49 korunas in 2018|
|Kč100 korunas in 1992||Kč304.97 korunas in 2018|
|Kč500 korunas in 1992||Kč1,524.86 korunas in 2018|
|Kč1,000 korunas in 1992||Kč3,049.72 korunas in 2018|
|Kč5,000 korunas in 1992||Kč15,248.58 korunas in 2018|
|Kč10,000 korunas in 1992||Kč30,497.16 korunas in 2018|
|Kč50,000 korunas in 1992||Kč152,485.78 korunas in 2018|
|Kč100,000 korunas in 1992||Kč304,971.56 korunas in 2018|
|Kč500,000 korunas in 1992||Kč1,524,857.82 korunas in 2018|
|Kč1,000,000 korunas in 1992||Kč3,049,715.65 korunas in 2018|