Value of 2004 Czech Korunas today

Kč100 in 2004

Kč144.62 today

The inflation rate in Czech Republic between 2004 and today has been 44.62%, which translates into a total increase of Kč44.62. This means that 100 korunas in 2004 are equivalent to 144.62 korunas in 2021. In other words, the purchasing power of Kč100 in 2004 equals Kč144.62 today. The average annual inflation rate has been 2.07%.

Inflation timeline in Czech Republic (2004-2022)

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 (2004-2021) 44.39%
Total Inflation* 44.62%
Annual inflation avg. (2004-2021) 2.18%
Annual inflation avg.* 2.07%
CPI 2004 77.5
CPI 2021 111.9
CPI today* 112.08
Kč1 in 2004 Kč1.44 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 17 years between 2004 and 2021 and the average inflation rate has been 2.0707%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Kč100 * (1 + 0.02)17 = Kč144.39

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 2004 was 77.5 and the CPI today is 112.08. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Kč100 *
= Kč144.39

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 2004 Kč1.45 korunas today
Kč5 korunas in 2004 Kč7.23 korunas today
Kč10 korunas in 2004 Kč14.46 korunas today
Kč50 korunas in 2004 Kč72.31 korunas today
Kč100 korunas in 2004 Kč144.62 korunas today
Kč500 korunas in 2004 Kč723.08 korunas today
Kč1,000 korunas in 2004 Kč1,446.16 korunas today
Kč5,000 korunas in 2004 Kč7,230.81 korunas today
Kč10,000 korunas in 2004 Kč14,461.62 korunas today
Kč50,000 korunas in 2004 Kč72,308.12 korunas today
Kč100,000 korunas in 2004 Kč144,616.23 korunas today
Kč500,000 korunas in 2004 Kč723,081.15 korunas today
Kč1,000,000 korunas in 2004 Kč1,446,162.3 korunas today

Value of Koruna over time (by year)

Period Value
2004 100
2005 102.71
2006 105.03
2007 106.84
2008 112.65
2009 116.77
2010 117.94
2011 120.65
2012 123.48
2013 126.45
2014 128.26
2015 128.39
2016 128.39
2017 130.97
2018 134.06
2019 136.77
2020 141.16
2021 144.39
Today 144.62