Value of 2002 Czech Korunas today

Kč100 in 2002

Kč147.02 today

The inflation rate in Czech Republic between 2002 and today has been 47.02%, which translates into a total increase of Kč47.02. This means that 100 korunas in 2002 are equivalent to 147.02 korunas in 2021. In other words, the purchasing power of Kč100 in 2002 equals Kč147.02 today. The average annual inflation rate has been 1.95%.

Inflation timeline in Czech Republic (2002-2022)

The following chart depicts the equivalence of Kč100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (2002-2021) 46.85%
Total Inflation* 47.02%
Annual inflation avg. (2002-2021) 2.04%
Annual inflation avg.* 1.95%
CPI 2002 76.2
CPI 2021 111.9
CPI today* 112.03
Kč1 in 2002 Kč1.47 in 2021

* 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 with 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 19 years between 2002 and 2021 and the average inflation rate has been 1.9456%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Kč100 * (1 + 0.02)19 = Kč146.85

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 2002 was 76.2 and the CPI today is 112.03. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Kč100 *
= Kč146.85

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 2002 Kč1.47 korunas today
Kč5 korunas in 2002 Kč7.35 korunas today
Kč10 korunas in 2002 Kč14.7 korunas today
Kč50 korunas in 2002 Kč73.51 korunas today
Kč100 korunas in 2002 Kč147.02 korunas today
Kč500 korunas in 2002 Kč735.09 korunas today
Kč1,000 korunas in 2002 Kč1,470.18 korunas today
Kč5,000 korunas in 2002 Kč7,350.91 korunas today
Kč10,000 korunas in 2002 Kč14,701.82 korunas today
Kč50,000 korunas in 2002 Kč73,509.09 korunas today
Kč100,000 korunas in 2002 Kč147,018.18 korunas today
Kč500,000 korunas in 2002 Kč735,090.92 korunas today
Kč1,000,000 korunas in 2002 Kč1,470,181.84 korunas today

Value of Koruna over time (by year)

Period Value
2002 100
2003 100.66
2004 101.71
2005 104.46
2006 106.82
2007 108.66
2008 114.57
2009 118.77
2010 119.95
2011 122.7
2012 125.59
2013 128.61
2014 130.45
2015 130.58
2016 130.58
2017 133.2
2018 136.35
2019 139.11
2020 143.57
2021 146.85
Today 147.02