Value of 2001 Czech Korunas today

Kč100 in 2001
Kč198.67 in 2024

The inflation rate in the Czech Republic between 2001 and today has been 98.67%, which translates into a total increase of Kč98.67. This means that 100 korunas in 2001 are equivalent to 198.67 korunas in 2024. In other words, the purchasing power of Kč100 in 2001 equals Kč198.67 today. The average annual inflation rate between these periods has been 3.03%.

Inflation timeline in the Czech Republic (2001 - 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 2001-2023 95.13%
Cumulative inflation 2001-today 98.67%
Avg. Annual inflation 2001-2023 3.09%
CPI 2001 75.76
CPI 2023 147.83
CPI 2024-03 (latest official data) 150.4
CPI today 150.51

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 2001 and 2023, use the corresponding CPI values:

Value2023
=Value2001 ×
CPI2023/CPI2001
=Kč 100 ×
147.83/75.76
Kč195.13

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 150.51:

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=Kč 100 ×
150.51/75.76
Kč198.67

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 22 years between 2001 and 2023 and the average inflation rate was 3.0852%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Kč100 × (1 + 0.030852)22
Kč195.13

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 2001 Kč1.95 korunas in 2023
Kč5 korunas in 2001 Kč9.76 korunas in 2023
Kč10 korunas in 2001 Kč19.51 korunas in 2023
Kč50 korunas in 2001 Kč97.56 korunas in 2023
Kč100 korunas in 2001 Kč195.13 korunas in 2023
Kč500 korunas in 2001 Kč975.64 korunas in 2023
Kč1,000 korunas in 2001 Kč1,951.27 korunas in 2023
Kč5,000 korunas in 2001 Kč9,756.35 korunas in 2023
Kč10,000 korunas in 2001 Kč19,512.71 korunas in 2023
Kč50,000 korunas in 2001 Kč97,563.53 korunas in 2023
Kč100,000 korunas in 2001 Kč195,127.06 korunas in 2023
Kč500,000 korunas in 2001 Kč975,635.29 korunas in 2023
Kč1,000,000 korunas in 2001 Kč1,951,270.57 korunas in 2023
Cumulative inflation From 2001 98.67%
Avg. annual inflation From 2001 3.03%
CPI 2001 75.76
CPI today 150.51

Value of Koruna over time (by year)

Period Value
2001 100
2002 101.9
2003 102.02
2004 104.84
2005 106.79
2006 109.49
2007 112.62
2008 119.78
2009 121
2010 122.78
2011 125.13
2012 129.25
2013 131.11
2014 131.56
2015 131.97
2016 132.87
2017 136.12
2018 139.05
2019 143.01
2020 147.53
2021 153.2
2022 176.33
2023 195.13
2024-03 198.53
Today 198.67

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: