Value of 2003 Czech Korunas today

Kč100 in 2003
Kč194.79 in 2024

The inflation rate in the Czech Republic between 2003 and today has been 94.79%, which translates into a total increase of Kč94.79. This means that 100 korunas in 2003 are equivalent to 194.79 korunas in 2024. In other words, the purchasing power of Kč100 in 2003 equals Kč194.79 today. The average annual inflation rate between these periods has been 3.23%.

Inflation timeline in the Czech Republic (2003 - 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 2003-2023 91.26%
Cumulative inflation 2003-today 94.79%
Avg. Annual inflation 2003-2023 3.3%
CPI 2003 77.29
CPI 2023 147.83
CPI 2024-03 (latest official data) 150.4
CPI today 150.55

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 2003 and 2023, use the corresponding CPI values:

Value2023
=Value2003 ×
CPI2023/CPI2003
=Kč 100 ×
147.83/77.29
Kč191.26

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 150.55:

Valuetoday
=Value2003 ×
CPItoday/CPI2003
=Kč 100 ×
150.55/77.29
Kč194.79

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 20 years between 2003 and 2023 and the average inflation rate was 3.2953%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Kč100 × (1 + 0.032953)20
Kč191.26

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 2003 Kč1.91 korunas in 2023
Kč5 korunas in 2003 Kč9.56 korunas in 2023
Kč10 korunas in 2003 Kč19.13 korunas in 2023
Kč50 korunas in 2003 Kč95.63 korunas in 2023
Kč100 korunas in 2003 Kč191.26 korunas in 2023
Kč500 korunas in 2003 Kč956.28 korunas in 2023
Kč1,000 korunas in 2003 Kč1,912.56 korunas in 2023
Kč5,000 korunas in 2003 Kč9,562.8 korunas in 2023
Kč10,000 korunas in 2003 Kč19,125.61 korunas in 2023
Kč50,000 korunas in 2003 Kč95,628.04 korunas in 2023
Kč100,000 korunas in 2003 Kč191,256.08 korunas in 2023
Kč500,000 korunas in 2003 Kč956,280.41 korunas in 2023
Kč1,000,000 korunas in 2003 Kč1,912,560.81 korunas in 2023
Cumulative inflation From 2003 94.79%
Avg. annual inflation From 2003 3.23%
CPI 2003 77.29
CPI today 150.55

Value of Koruna over time (by year)

Period Value
2003 100
2004 102.76
2005 104.67
2006 107.32
2007 110.38
2008 117.4
2009 118.6
2010 120.35
2011 122.65
2012 126.68
2013 128.51
2014 128.95
2015 129.35
2016 130.23
2017 133.42
2018 136.29
2019 140.17
2020 144.6
2021 150.16
2022 172.83
2023 191.26
2024-03 194.59
Today 194.79

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: