This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.
Ft100 in 1981
Ft3,444.52 in 2018
The inflation rate in Hungary between 1981 and 2018 was 3,344.52%, which translates into a total increase of Ft3,344.52. This means that 100 forints in 1981 are equivalent to 3,444.52 forints in 2018. In other words, the purchasing power of Ft100 in 1981 equals Ft3,444.52 in 2018. The average annual inflation rate between these periods was 10.04%.
The following chart ilustrates the equivalence of hungarian forint throughout the years due to compound inflation and CPI changes. All values are equivalent in terms of purchashing 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 (HUF) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability.
The following table contains relevant indicators:
|Total Inflation (1981-2018)||3,344.52%|
|Annual inflation avg. (1981-2018)||10.04%|
|Ft1 in 1981||Ft34.45 in 2018|
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.
Given that money changes in 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:
In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, the future value is the amount in 2018 that equals Ft100 in 1981 in terms of purchasing power. There are 37 years between 1981 and 2018 and the average inflation rate was 10.0383%. Therefore, we can resolve the formula like this:
FV = PV (1 + i)n = Ft100 * (1 + 0.100383)37 = Ft3,444.521043 ≈ Ft3,444.52
When the CPI for both start and end years is known, the following formula can be used:
In this case, the CPI in 1981 was 3.01 and in 2018 was 103.63. Therefore,
|Initial Value||Equivalent value|
|Ft1 forint in 1981||Ft34.45 forints in 2018|
|Ft5 forints in 1981||Ft172.23 forints in 2018|
|Ft10 forints in 1981||Ft344.45 forints in 2018|
|Ft50 forints in 1981||Ft1,722.26 forints in 2018|
|Ft100 forints in 1981||Ft3,444.52 forints in 2018|
|Ft500 forints in 1981||Ft17,222.61 forints in 2018|
|Ft1,000 forints in 1981||Ft34,445.21 forints in 2018|
|Ft5,000 forints in 1981||Ft172,226.05 forints in 2018|
|Ft10,000 forints in 1981||Ft344,452.1 forints in 2018|
|Ft50,000 forints in 1981||Ft1,722,260.52 forints in 2018|
|Ft100,000 forints in 1981||Ft3,444,521.04 forints in 2018|
|Ft500,000 forints in 1981||Ft17,222,605.22 forints in 2018|
|Ft1,000,000 forints in 1981||Ft34,445,210.43 forints in 2018|
1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 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