Value of 1994 Czech Korunas today

Kč100 in 1994
Kč310.36 in 2024

The inflation rate in the Czech Republic between 1994 and today has been 210.36%, which translates into a total increase of Kč210.36. This means that 100 korunas in 1994 are equivalent to 310.36 korunas in 2024. In other words, the purchasing power of Kč100 in 1994 equals Kč310.36 today. The average annual inflation rate between these periods has been 3.85%.

Inflation timeline in the Czech Republic (1994 - 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 1994-2023 208.45%
Cumulative inflation 1994-today 210.36%
Avg. Annual inflation 1994-2023 3.96%
CPI 1994 47.92
CPI 2023 147.83
CPI 2023-12 (latest official data) 147.6
CPI today 148.74

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 1994 and 2023, use the corresponding CPI values:

Value2023
=Value1994 ×
CPI2023/CPI1994
=Kč 100 ×
147.83/47.92
Kč308.45

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 148.74:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=Kč 100 ×
148.74/47.92
Kč310.36

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 29 years between 1994 and 2023 and the average inflation rate was 3.9606%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Kč100 × (1 + 0.039606)29
Kč308.45

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 1994 Kč3.08 korunas in 2023
Kč5 korunas in 1994 Kč15.42 korunas in 2023
Kč10 korunas in 1994 Kč30.85 korunas in 2023
Kč50 korunas in 1994 Kč154.23 korunas in 2023
Kč100 korunas in 1994 Kč308.45 korunas in 2023
Kč500 korunas in 1994 Kč1,542.26 korunas in 2023
Kč1,000 korunas in 1994 Kč3,084.53 korunas in 2023
Kč5,000 korunas in 1994 Kč15,422.65 korunas in 2023
Kč10,000 korunas in 1994 Kč30,845.3 korunas in 2023
Kč50,000 korunas in 1994 Kč154,226.48 korunas in 2023
Kč100,000 korunas in 1994 Kč308,452.96 korunas in 2023
Kč500,000 korunas in 1994 Kč1,542,264.78 korunas in 2023
Kč1,000,000 korunas in 1994 Kč3,084,529.57 korunas in 2023
Cumulative inflation From 1994 210.36%
Avg. annual inflation From 1994 3.85%
CPI 1994 47.92
CPI today 148.74

Value of Koruna over time (by year)

Period Value
1994 100
1995 108.99
1996 118.54
1997 128.73
1998 142.5
1999 145.54
2000 151.04
2001 158.08
2002 161.09
2003 161.28
2004 165.73
2005 168.81
2006 173.08
2007 178.02
2008 189.34
2009 191.27
2010 194.09
2011 197.81
2012 204.31
2013 207.25
2014 207.97
2015 208.61
2016 210.03
2017 215.18
2018 219.81
2019 226.07
2020 233.21
2021 242.17
2022 278.74
2023 308.45
2023-12 307.98
Today 310.36

All available years

Today's value of czech korunas by year:

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: