Value of 1993 Czech Korunas today

Kč100 in 1993

Kč276.79 in 2019

The inflation rate in Czech Republic between 1993 and today has been 176.79%, which translates into a total increase of Kč176.79. This means that 100 korunas in 1993 are equivalent to 276.79 korunas in 2019. In other words, the purchasing power of Kč100 in 1993 equals Kč276.79 today. The average annual inflation rate has been 3.84%.

Inflation timeline in Czech Republic (1993-2019)

The following chart depicts the equivalence of Kč100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1993-2019) 176.52%
Total Inflation* 176.79%
Annual inflation avg. (1993-2019) 3.99%
Annual inflation avg.* 3.84%
CPI 1993 38.33
CPI 2019 106
CPI today* 106.1
Kč1 in 1993 Kč2.77 in 2019

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest 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:

  • 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 26 years between 1993 and 2019 and the average inflation rate has been 3.8426%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Kč100 * (1 + 0.04)26 = Kč276.52

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1993 was 38.33 and the CPI today is 106.1. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Kč100 *
106/38.33
= Kč276.52

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 1993 Kč2.77 korunas today
Kč5 korunas in 1993 Kč13.84 korunas today
Kč10 korunas in 1993 Kč27.68 korunas today
Kč50 korunas in 1993 Kč138.39 korunas today
Kč100 korunas in 1993 Kč276.79 korunas today
Kč500 korunas in 1993 Kč1,383.93 korunas today
Kč1,000 korunas in 1993 Kč2,767.86 korunas today
Kč5,000 korunas in 1993 Kč13,839.28 korunas today
Kč10,000 korunas in 1993 Kč27,678.57 korunas today
Kč50,000 korunas in 1993 Kč138,392.84 korunas today
Kč100,000 korunas in 1993 Kč276,785.69 korunas today
Kč500,000 korunas in 1993 Kč1,383,928.44 korunas today
Kč1,000,000 korunas in 1993 Kč2,767,856.88 korunas today

Value of Koruna in time (by year)

Period Value
1993 100
1994 118.25
1995 130.38
1996 140.35
1997 152.61
1998 168
1999 179.48
2000 183.65
2001 190.96
2002 198.78
2003 200.09
2004 202.17
2005 207.65
2006 212.35
2007 216
2008 227.74
2009 236.09
2010 238.43
2011 243.91
2012 249.65
2013 255.65
2014 259.3
2015 259.57
2016 259.57
2017 264.78
2018 271.04
2019 276.52
Today 276.79