Value of 2003 Czech Korunas today

Kč100 in 2003

Kč146.12 today

The inflation rate in Czech Republic between 2003 and today has been 46.12%, which translates into a total increase of Kč46.12. This means that 100 korunas in 2003 are equivalent to 146.12 korunas in 2021. In other words, the purchasing power of Kč100 in 2003 equals Kč146.12 today. The average annual inflation rate has been 2.02%.

Inflation timeline in Czech Republic (2003-2022)

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 (2003-2021) 45.89%
Total Inflation* 46.12%
Annual inflation avg. (2003-2021) 2.12%
Annual inflation avg.* 2.02%
CPI 2003 76.7
CPI 2021 111.9
CPI today* 112.08
Kč1 in 2003 Kč1.46 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 18 years between 2003 and 2021 and the average inflation rate has been 2.0163%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Kč100 * (1 + 0.02)18 = Kč145.89

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 2003 was 76.7 and the CPI today is 112.08. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Kč100 *
= Kč145.89

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 2003 Kč1.46 korunas today
Kč5 korunas in 2003 Kč7.31 korunas today
Kč10 korunas in 2003 Kč14.61 korunas today
Kč50 korunas in 2003 Kč73.06 korunas today
Kč100 korunas in 2003 Kč146.12 korunas today
Kč500 korunas in 2003 Kč730.62 korunas today
Kč1,000 korunas in 2003 Kč1,461.25 korunas today
Kč5,000 korunas in 2003 Kč7,306.23 korunas today
Kč10,000 korunas in 2003 Kč14,612.46 korunas today
Kč50,000 korunas in 2003 Kč73,062.31 korunas today
Kč100,000 korunas in 2003 Kč146,124.61 korunas today
Kč500,000 korunas in 2003 Kč730,623.07 korunas today
Kč1,000,000 korunas in 2003 Kč1,461,246.13 korunas today

Value of Koruna over time (by year)

Period Value
2003 100
2004 101.04
2005 103.78
2006 106.13
2007 107.95
2008 113.82
2009 117.99
2010 119.17
2011 121.9
2012 124.77
2013 127.77
2014 129.6
2015 129.73
2016 129.73
2017 132.33
2018 135.46
2019 138.2
2020 142.63
2021 145.89
Today 146.12