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
Kč328.45 in 2021
The inflation rate in Czech Republic between 1992 and 2021 was 228.45%, which translates into a total increase of Kč228.45. This means that 100 korunas in 1992 are equivalent to 328.45 korunas in 2021. In other words, the purchasing power of Kč100 in 1992 equals Kč328.45 in 2021. The average annual inflation rate between these periods was 4.19%.
The following chart depicts the equivalence of czech korunas throughout the years 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 (CZK) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability.
The following table contains relevant indicators:
| Indicator | Value |
|---|---|
| Total Inflation (1992-2021) | 228.45% |
| Annual inflation avg. (1992-2021) | 4.19% |
| CPI 1992 | 34.07 |
| CPI 2021 | 111.9 |
| Kč1 in 1992 | Kč3.28 in 2021 |
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 with 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 2021 that equals Kč100 in 1992 in terms of purchasing power. There are 29 years between 1992 and 2021 and the average inflation rate was 4.186%. Therefore, we can resolve the formula like this:
FV = PV (1 + i)n = Kč100 * (1 + 0.04186)29 = Kč328.453495 ≈ Kč328.45
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 2021 was 111.9. Therefore,
| Initial Value | Equivalent value | |
|---|---|---|
| Kč1 koruna in 1992 | Kč3.28 korunas in 2021 | |
| Kč5 korunas in 1992 | Kč16.42 korunas in 2021 | |
| Kč10 korunas in 1992 | Kč32.85 korunas in 2021 | |
| Kč50 korunas in 1992 | Kč164.23 korunas in 2021 | |
| Kč100 korunas in 1992 | Kč328.45 korunas in 2021 | |
| Kč500 korunas in 1992 | Kč1,642.27 korunas in 2021 | |
| Kč1,000 korunas in 1992 | Kč3,284.53 korunas in 2021 | |
| Kč5,000 korunas in 1992 | Kč16,422.67 korunas in 2021 | |
| Kč10,000 korunas in 1992 | Kč32,845.35 korunas in 2021 | |
| Kč50,000 korunas in 1992 | Kč164,226.75 korunas in 2021 | |
| Kč100,000 korunas in 1992 | Kč328,453.49 korunas in 2021 | |
| Kč500,000 korunas in 1992 | Kč1,642,267.47 korunas in 2021 | |
| Kč1,000,000 korunas in 1992 | Kč3,284,534.95 korunas in 2021 |
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