Value of 2019 Czech Korunas today

Kč100 in 2019
Kč140.05 in 2024

The inflation rate in the Czech Republic between 2019 and today has been 40.05%, which translates into a total increase of Kč40.05. This means that 100 korunas in 2019 are equivalent to 140.05 korunas in 2024. In other words, the purchasing power of Kč100 in 2019 equals Kč140.05 today. The average annual inflation rate between these periods has been 6.97%.

Inflation timeline in the Czech Republic (2019 - 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 2019-2023 36.44%
Cumulative inflation 2019-today 40.05%
Avg. Annual inflation 2019-2023 8.08%
CPI 2019 108.34
CPI 2023 147.83
CPI 2024-04 (latest official data) 151.4
CPI today 151.73

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 2019 and 2023, use the corresponding CPI values:

Value2023
=Value2019 ×
CPI2023/CPI2019
=Kč 100 ×
147.83/108.34
Kč136.44

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 151.73:

Valuetoday
=Value2019 ×
CPItoday/CPI2019
=Kč 100 ×
151.73/108.34
Kč140.05

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 4 years between 2019 and 2023 and the average inflation rate was 8.0782%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Kč100 × (1 + 0.080782)4
Kč136.44

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 2019 Kč1.36 korunas in 2023
Kč5 korunas in 2019 Kč6.82 korunas in 2023
Kč10 korunas in 2019 Kč13.64 korunas in 2023
Kč50 korunas in 2019 Kč68.22 korunas in 2023
Kč100 korunas in 2019 Kč136.44 korunas in 2023
Kč500 korunas in 2019 Kč682.22 korunas in 2023
Kč1,000 korunas in 2019 Kč1,364.43 korunas in 2023
Kč5,000 korunas in 2019 Kč6,822.17 korunas in 2023
Kč10,000 korunas in 2019 Kč13,644.33 korunas in 2023
Kč50,000 korunas in 2019 Kč68,221.65 korunas in 2023
Kč100,000 korunas in 2019 Kč136,443.31 korunas in 2023
Kč500,000 korunas in 2019 Kč682,216.54 korunas in 2023
Kč1,000,000 korunas in 2019 Kč1,364,433.09 korunas in 2023
Cumulative inflation From 2019 40.05%
Avg. annual inflation From 2019 6.97%
CPI 2019 108.34
CPI today 151.73

Value of Koruna over time (by year)

Period Value
2019 100
2020 103.16
2021 107.12
2022 123.3
2023 136.44
2024-04 139.74
Today 140.05

All available years

Today's value of czech korunas by year:

1991 | 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: