Value of 1991 Czech Korunas today

Kč100 in 1991
Kč465.83 in 2024

The inflation rate in the Czech Republic between 1991 and today has been 365.83%, which translates into a total increase of Kč365.83. This means that 100 korunas in 1991 are equivalent to 465.83 korunas in 2024. In other words, the purchasing power of Kč100 in 1991 equals Kč465.83 today. The average annual inflation rate between these periods has been 4.77%.

Inflation timeline in the Czech Republic (1991 - 2024)

The following chart depicts the equivalence of Kč100 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. 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 1991-2023 355.53%
Cumulative inflation 1991-today 365.83%
Avg. Annual inflation 1991-2023 4.85%
CPI 1991 32.45
CPI 2023 147.83
CPI 2024-06 (latest official data) 151
CPI today 151.17

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 1991 and 2023, use the corresponding CPI values:

Value2023
=Value1991 ×
CPI2023/CPI1991
=Kč 100 ×
147.83/32.45
Kč455.53

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 151.17:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=Kč 100 ×
151.17/32.45
Kč465.83

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 Kč100 worth today. There are 32 years between 1991 and 2023 and the average inflation rate was 4.8524%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Kč100 × (1 + 0.048524)32
Kč455.53

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 1991 Kč4.56 korunas in 2023
Kč5 korunas in 1991 Kč22.78 korunas in 2023
Kč10 korunas in 1991 Kč45.55 korunas in 2023
Kč50 korunas in 1991 Kč227.76 korunas in 2023
Kč100 korunas in 1991 Kč455.53 korunas in 2023
Kč500 korunas in 1991 Kč2,277.63 korunas in 2023
Kč1,000 korunas in 1991 Kč4,555.25 korunas in 2023
Kč5,000 korunas in 1991 Kč22,776.25 korunas in 2023
Kč10,000 korunas in 1991 Kč45,552.51 korunas in 2023
Kč50,000 korunas in 1991 Kč227,762.55 korunas in 2023
Kč100,000 korunas in 1991 Kč455,525.1 korunas in 2023
Kč500,000 korunas in 1991 Kč2,277,625.48 korunas in 2023
Kč1,000,000 korunas in 1991 Kč4,555,250.96 korunas in 2023
Cumulative inflation From 1991 365.83%
Avg. annual inflation From 1991 4.77%
CPI 1991 32.45
CPI today 151.17

Value of Koruna over time (by year)

Period Value
1991 100
1992 111.09
1993 134.21
1994 147.68
1995 160.96
1996 175.06
1997 190.1
1998 210.44
1999 214.94
2000 223.05
2001 233.45
2002 237.89
2003 238.18
2004 244.75
2005 249.29
2006 255.61
2007 262.9
2008 279.62
2009 282.47
2010 286.63
2011 292.13
2012 301.73
2013 306.07
2014 307.12
2015 308.07
2016 310.18
2017 317.78
2018 324.61
2019 333.86
2020 344.41
2021 357.64
2022 411.64
2023 455.53
2024-06 465.31
Today 465.83

All available years

Today's value of czech korunas by year:

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 |

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