Value of 1994 Czech Korunas today

Kč100 in 1994

Kč234.15 in 2019

The inflation rate in Czech Republic between 1994 and today has been 134.15%, which translates into a total increase of Kč134.15. This means that 100 korunas in 1994 are equivalent to 234.15 korunas in 2019. In other words, the purchasing power of Kč100 in 1994 equals Kč234.15 today. The average annual inflation rate has been 3.33%.

Inflation timeline in Czech Republic (1994-2019)

The following chart ilustrates the equivalence of Kč100 throughout the years due to 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. 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 (1994-2019) 133.85%
Total Inflation* 134.15%
Annual inflation avg. (1994-2019) 3.46%
Annual inflation avg.* 3.33%
CPI 1994 45.33
CPI 2019 106
CPI today* 106.14
Kč1 in 1994 Kč2.34 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 25 years between 1994 and 2019 and the average inflation rate has been 3.3264%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Kč100 * (1 + 0.03)25 = Kč233.85

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 1994 was 45.33 and the CPI today is 106.14. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Kč100 *
106/45.33
= Kč233.85

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 1994 Kč2.34 korunas today
Kč5 korunas in 1994 Kč11.71 korunas today
Kč10 korunas in 1994 Kč23.41 korunas today
Kč50 korunas in 1994 Kč117.07 korunas today
Kč100 korunas in 1994 Kč234.15 korunas today
Kč500 korunas in 1994 Kč1,170.73 korunas today
Kč1,000 korunas in 1994 Kč2,341.47 korunas today
Kč5,000 korunas in 1994 Kč11,707.35 korunas today
Kč10,000 korunas in 1994 Kč23,414.7 korunas today
Kč50,000 korunas in 1994 Kč117,073.49 korunas today
Kč100,000 korunas in 1994 Kč234,146.97 korunas today
Kč500,000 korunas in 1994 Kč1,170,734.85 korunas today
Kč1,000,000 korunas in 1994 Kč2,341,469.71 korunas today

Value of Koruna in time (by year)

Period Value
1994 100
1995 110.25
1996 118.69
1997 129.06
1998 142.07
1999 151.78
2000 155.31
2001 161.49
2002 168.1
2003 169.21
2004 170.97
2005 175.6
2006 179.58
2007 182.66
2008 192.59
2009 199.65
2010 201.64
2011 206.27
2012 211.12
2013 216.2
2014 219.28
2015 219.51
2016 219.51
2017 223.92
2018 229.21
2019 233.85
Today 234.15