Value of 1996 Czech Korunas today

Kč100 in 1996
Kč266.11 in 2024

The inflation rate in the Czech Republic between 1996 and today has been 166.11%, which translates into a total increase of Kč166.11. This means that 100 korunas in 1996 are equivalent to 266.11 korunas in 2024. In other words, the purchasing power of Kč100 in 1996 equals Kč266.11 today. The average annual inflation rate between these periods has been 3.56%.

Inflation timeline in the Czech Republic (1996 - 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 1996-2023 160.22%
Cumulative inflation 1996-today 166.11%
Avg. Annual inflation 1996-2023 3.61%
CPI 1996 56.81
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 1996 and 2023, use the corresponding CPI values:

Value2023
=Value1996 ×
CPI2023/CPI1996
=Kč 100 ×
147.83/56.81
Kč260.22

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

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=Kč 100 ×
151.17/56.81
Kč266.11

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 27 years between 1996 and 2023 and the average inflation rate was 3.6055%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Kč100 × (1 + 0.036055)27
Kč260.22

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 1996 Kč2.6 korunas in 2023
Kč5 korunas in 1996 Kč13.01 korunas in 2023
Kč10 korunas in 1996 Kč26.02 korunas in 2023
Kč50 korunas in 1996 Kč130.11 korunas in 2023
Kč100 korunas in 1996 Kč260.22 korunas in 2023
Kč500 korunas in 1996 Kč1,301.09 korunas in 2023
Kč1,000 korunas in 1996 Kč2,602.17 korunas in 2023
Kč5,000 korunas in 1996 Kč13,010.86 korunas in 2023
Kč10,000 korunas in 1996 Kč26,021.71 korunas in 2023
Kč50,000 korunas in 1996 Kč130,108.56 korunas in 2023
Kč100,000 korunas in 1996 Kč260,217.12 korunas in 2023
Kč500,000 korunas in 1996 Kč1,301,085.6 korunas in 2023
Kč1,000,000 korunas in 1996 Kč2,602,171.2 korunas in 2023
Cumulative inflation From 1996 166.11%
Avg. annual inflation From 1996 3.56%
CPI 1996 56.81
CPI today 151.17

Value of Koruna over time (by year)

Period Value
1996 100
1997 108.6
1998 120.21
1999 122.78
2000 127.42
2001 133.36
2002 135.9
2003 136.06
2004 139.81
2005 142.41
2006 146.02
2007 150.18
2008 159.73
2009 161.36
2010 163.74
2011 166.88
2012 172.36
2013 174.84
2014 175.44
2015 175.99
2016 177.19
2017 181.53
2018 185.43
2019 190.71
2020 196.74
2021 204.3
2022 235.15
2023 260.22
2024-06 265.81
Today 266.11

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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