Value of 1997 Czech Korunas today

Kč100 in 1997
Kč223.37 in 2022

The inflation rate in the Czech Republic between 1997 and today has been 123.37%, which translates into a total increase of Kč123.37. This means that 100 korunas in 1997 are equivalent to 223.37 korunas in 2022. In other words, the purchasing power of Kč100 in 1997 equals Kč223.37 today. The average annual inflation rate between these periods has been 3.27%.

Inflation timeline in the Czech Republic (1997 - 2022)

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 1997-2021 88.13%
Cumulative inflation 1997-today 123.37%
Avg. Annual inflation 1997-2021 2.67%
CPI 1997 61.69
CPI 2021 116.06
CPI 2022-10 (latest official data) 136.5
CPI today 137.8

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 1997 and 2021, use the corresponding CPI values:

Value2021
=Value1997 ×
CPI2021/CPI1997
=Kč 100 ×
116.06/61.69
Kč188.13

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 137.8:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=Kč 100 ×
137.8/61.69
Kč223.37

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 24 years between 1997 and 2021 and the average inflation rate was 2.6681%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=Kč100 × (1 + 0.026681)24
Kč188.13

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 1997 Kč1.88 korunas in 2021
Kč5 korunas in 1997 Kč9.41 korunas in 2021
Kč10 korunas in 1997 Kč18.81 korunas in 2021
Kč50 korunas in 1997 Kč94.06 korunas in 2021
Kč100 korunas in 1997 Kč188.13 korunas in 2021
Kč500 korunas in 1997 Kč940.63 korunas in 2021
Kč1,000 korunas in 1997 Kč1,881.26 korunas in 2021
Kč5,000 korunas in 1997 Kč9,406.32 korunas in 2021
Kč10,000 korunas in 1997 Kč18,812.64 korunas in 2021
Kč50,000 korunas in 1997 Kč94,063.19 korunas in 2021
Kč100,000 korunas in 1997 Kč188,126.37 korunas in 2021
Kč500,000 korunas in 1997 Kč940,631.86 korunas in 2021
Kč1,000,000 korunas in 1997 Kč1,881,263.71 korunas in 2021
Cumulative inflation From 1997 123.37%
Avg. annual inflation From 1997 3.27%
CPI 1997 61.69
CPI today 137.8

Value of Koruna over time (by year)

Period Value
1997 100
1998 110.7
1999 113.06
2000 117.33
2001 122.8
2002 125.14
2003 125.29
2004 128.75
2005 131.14
2006 134.46
2007 138.3
2008 147.09
2009 148.59
2010 150.78
2011 153.67
2012 158.72
2013 161
2014 161.56
2015 162.06
2016 163.16
2017 167.16
2018 170.76
2019 175.62
2020 181.17
2021 188.13
2022-10 221.26
Today 223.37

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 |

Other currencies: