Value of 1983 Hungarian Forint today

Ft100 in 1983

Ft3,070.46 in 2018

The inflation rate in Hungary between 1983 and today has been 2,970.46%, which translates into a total increase of Ft2,970.46. This means that 100 forints in 1983 are equivalent to 3,070.46 forints in 2018. In other words, the purchasing power of Ft100 in 1983 equals Ft3,070.46 today. The average annual inflation rate has been 9.98%.

Inflation timeline in Hungary (1983-2018)

The following chart ilustrates the equivalence of Ft100 throughout the years due to 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. 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 (1983-2018) 2,878.93%
Total Inflation* 2,970.46%
Annual inflation avg. (1983-2018) 10.18%
Annual inflation avg.* 9.98%
CPI 1983 3.48
CPI 2018 103.63
CPI today* 106.81
Ft1 in 1983 Ft29.79 in 2018

* 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 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:

  • 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 Ft100 worth today. There are 35 years between 1983 and 2018 and the average inflation rate has been 9.9794%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Ft100 * (1 + 0.1)35 = Ft2,978.93

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 1983 was 3.48 and the CPI today is 106.81. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Ft100 *
103.63/3.48
= Ft2,978.93

Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 1983 Ft30.7 forints today
Ft5 forints in 1983 Ft153.52 forints today
Ft10 forints in 1983 Ft307.05 forints today
Ft50 forints in 1983 Ft1,535.23 forints today
Ft100 forints in 1983 Ft3,070.46 forints today
Ft500 forints in 1983 Ft15,352.32 forints today
Ft1,000 forints in 1983 Ft30,704.64 forints today
Ft5,000 forints in 1983 Ft153,523.2 forints today
Ft10,000 forints in 1983 Ft307,046.4 forints today
Ft50,000 forints in 1983 Ft1,535,231.98 forints today
Ft100,000 forints in 1983 Ft3,070,463.95 forints today
Ft500,000 forints in 1983 Ft15,352,319.75 forints today
Ft1,000,000 forints in 1983 Ft30,704,639.51 forints today

Value of Forint in time (by year)

Period Value
1983 100
1984 105.26
1985 113.52
1986 122.37
1987 128.95
1988 143.06
1989 164.23
1990 194.02
1991 258.73
1992 342.11
1993 429.52
1994 520.16
1995 630.42
1996 808.83
1997 969.06
1998 1,147.23
1999 1,265.37
2000 1,407.19
2001 1,549.05
2002 1,653.31
2003 1,734.17
2004 1,832.05
2005 1,932.05
2006 1,998.01
2007 2,127.81
2008 2,285.27
2009 2,364
2010 2,495.92
2011 2,612.95
2012 2,719.34
2013 2,855.52
2014 2,866.16
2015 2,840.63
2016 2,866.16
2017 2,915.1
2018 2,978.93
Today 3,070.46