Value of 1993 Czech Korunas today

Kč100 in 1993
Kč346.97 in 2024

The inflation rate in the Czech Republic between 1993 and today has been 246.97%, which translates into a total increase of Kč246.97. This means that 100 korunas in 1993 are equivalent to 346.97 korunas in 2024. In other words, the purchasing power of Kč100 in 1993 equals Kč346.97 today. The average annual inflation rate between these periods has been 4.09%.

Inflation timeline in the Czech Republic (1993 - 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 1993-2023 239.42%
Cumulative inflation 1993-today 246.97%
Avg. Annual inflation 1993-2023 4.16%
CPI 1993 43.55
CPI 2023 147.83
CPI 2024-06 (latest official data) 151
CPI today 151.11

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 1993 and 2023, use the corresponding CPI values:

Value2023
=Value1993 ×
CPI2023/CPI1993
=Kč 100 ×
147.83/43.55
Kč339.42

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 151.11:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=Kč 100 ×
151.11/43.55
Kč346.97

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 30 years between 1993 and 2023 and the average inflation rate was 4.1577%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Kč100 × (1 + 0.041577)30
Kč339.42

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 1993 Kč3.39 korunas in 2023
Kč5 korunas in 1993 Kč16.97 korunas in 2023
Kč10 korunas in 1993 Kč33.94 korunas in 2023
Kč50 korunas in 1993 Kč169.71 korunas in 2023
Kč100 korunas in 1993 Kč339.42 korunas in 2023
Kč500 korunas in 1993 Kč1,697.1 korunas in 2023
Kč1,000 korunas in 1993 Kč3,394.2 korunas in 2023
Kč5,000 korunas in 1993 Kč16,970.99 korunas in 2023
Kč10,000 korunas in 1993 Kč33,941.98 korunas in 2023
Kč50,000 korunas in 1993 Kč169,709.91 korunas in 2023
Kč100,000 korunas in 1993 Kč339,419.81 korunas in 2023
Kč500,000 korunas in 1993 Kč1,697,099.07 korunas in 2023
Kč1,000,000 korunas in 1993 Kč3,394,198.14 korunas in 2023
Cumulative inflation From 1993 246.97%
Avg. annual inflation From 1993 4.09%
CPI 1993 43.55
CPI today 151.11

Value of Koruna over time (by year)

Period Value
1993 100
1994 110.04
1995 119.93
1996 130.44
1997 141.65
1998 156.8
1999 160.15
2000 166.2
2001 173.95
2002 177.26
2003 177.47
2004 182.37
2005 185.75
2006 190.46
2007 195.89
2008 208.35
2009 210.48
2010 213.57
2011 217.67
2012 224.83
2013 228.06
2014 228.84
2015 229.55
2016 231.12
2017 236.78
2018 241.87
2019 248.76
2020 256.63
2021 266.48
2022 306.72
2023 339.42
2024-06 346.71
Today 346.97

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 |

Other currencies: