Value of 2005 Czech Korunas today

Kč100 in 2005
Kč186.1 in 2024

The inflation rate in the Czech Republic between 2005 and today has been 86.1%, which translates into a total increase of Kč86.1. This means that 100 korunas in 2005 are equivalent to 186.1 korunas in 2024. In other words, the purchasing power of Kč100 in 2005 equals Kč186.1 today. The average annual inflation rate between these periods has been 3.32%.

Inflation timeline in the Czech Republic (2005 - 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 2005-2023 82.73%
Cumulative inflation 2005-today 86.1%
Avg. Annual inflation 2005-2023 3.41%
CPI 2005 80.9
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 2005 and 2023, use the corresponding CPI values:

Value2023
=Value2005 ×
CPI2023/CPI2005
=Kč 100 ×
147.83/80.9
Kč182.73

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

Valuetoday
=Value2005 ×
CPItoday/CPI2005
=Kč 100 ×
150.55/80.9
Kč186.1

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 18 years between 2005 and 2023 and the average inflation rate was 3.4057%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Kč100 × (1 + 0.034057)18
Kč182.73

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 2005 Kč1.83 korunas in 2023
Kč5 korunas in 2005 Kč9.14 korunas in 2023
Kč10 korunas in 2005 Kč18.27 korunas in 2023
Kč50 korunas in 2005 Kč91.36 korunas in 2023
Kč100 korunas in 2005 Kč182.73 korunas in 2023
Kč500 korunas in 2005 Kč913.63 korunas in 2023
Kč1,000 korunas in 2005 Kč1,827.26 korunas in 2023
Kč5,000 korunas in 2005 Kč9,136.28 korunas in 2023
Kč10,000 korunas in 2005 Kč18,272.56 korunas in 2023
Kč50,000 korunas in 2005 Kč91,362.79 korunas in 2023
Kč100,000 korunas in 2005 Kč182,725.59 korunas in 2023
Kč500,000 korunas in 2005 Kč913,627.94 korunas in 2023
Kč1,000,000 korunas in 2005 Kč1,827,255.87 korunas in 2023
Cumulative inflation From 2005 86.1%
Avg. annual inflation From 2005 3.32%
CPI 2005 80.9
CPI today 150.55

Value of Koruna over time (by year)

Period Value
2005 100
2006 102.53
2007 105.46
2008 112.17
2009 113.31
2010 114.98
2011 117.18
2012 121.03
2013 122.78
2014 123.2
2015 123.58
2016 124.42
2017 127.47
2018 130.21
2019 133.92
2020 138.15
2021 143.46
2022 165.12
2023 182.73
2024-03 185.91
Today 186.1

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: