Ft

Value of 1990 Hungarian Forint today

Ft40,000,000 in 1990
Ft792,585,274.33 in 2024

The inflation rate in Hungary between 1990 and today has been 1,881.46%, which translates into a total increase of Ft752,585,274.33. This means that 40,000,000 forints in 1990 are equivalent to 792,585,274.33 forints in 2024. In other words, the purchasing power of Ft40,000,000 in 1990 equals Ft792,585,274.33 today. The average annual inflation rate between these periods has been 9.18%.

Inflation timeline in Hungary (1990 - 2024)

The following chart depicts the equivalence of Ft40,000,000 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 (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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1990-2023 1,821.48%
Cumulative inflation 1990-today 1,881.46%
Avg. Annual inflation 1990-2023 9.37%
CPI 1990 8.29
CPI 2023 159.22
CPI 2024-03 (latest official data) 163.88
CPI today 164.19

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 1990 and 2023, use the corresponding CPI values:

Value2023
=Value1990 ×
CPI2023/CPI1990
=Ft 40,000,000 ×
159.22/8.29
Ft768,591,773.87

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 164.19:

Valuetoday
=Value1990 ×
CPItoday/CPI1990
=Ft 40,000,000 ×
164.19/8.29
Ft792,585,274.33

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 Ft40,000,000 worth today. There are 33 years between 1990 and 2023 and the average inflation rate was 9.37%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Ft40,000,000 × (1 + 0.0937)33
Ft768,591,773.87

Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 1990 Ft19.21 forints in 2023
Ft5 forints in 1990 Ft96.07 forints in 2023
Ft10 forints in 1990 Ft192.15 forints in 2023
Ft50 forints in 1990 Ft960.74 forints in 2023
Ft100 forints in 1990 Ft1,921.48 forints in 2023
Ft500 forints in 1990 Ft9,607.4 forints in 2023
Ft1,000 forints in 1990 Ft19,214.79 forints in 2023
Ft5,000 forints in 1990 Ft96,073.97 forints in 2023
Ft10,000 forints in 1990 Ft192,147.94 forints in 2023
Ft50,000 forints in 1990 Ft960,739.72 forints in 2023
Ft100,000 forints in 1990 Ft1,921,479.43 forints in 2023
Ft500,000 forints in 1990 Ft9,607,397.17 forints in 2023
Ft1,000,000 forints in 1990 Ft19,214,794.35 forints in 2023
Cumulative inflation From 1990 1,881.46%
Avg. annual inflation From 1990 9.18%
CPI 1990 8.29
CPI today 164.19

Value of Forint over time (by year)

Period Value
1990 40,000,000
1991 53,926,993.74
1992 66,683,852.11
1993 81,663,859.55
1994 97,072,247.88
1995 124,549,014.95
1996 153,779,469.29
1997 181,928,882.21
1998 207,678,753.92
1999 228,441,903.32
2000 250,837,476.42
2001 273,705,842.23
2002 288,117,716.4
2003 301,546,930.97
2004 321,884,257.99
2005 333,348,249.91
2006 346,449,927.37
2007 374,022,952.22
2008 396,623,350.67
2009 413,328,032.88
2010 433,397,344.27
2011 450,429,563.59
2012 475,888,489.67
2013 484,136,535.42
2014 483,034,929.41
2015 482,737,080.63
2016 484,642,926.62
2017 496,023,453.3
2018 510,161,374.18
2019 527,193,303.86
2020 544,731,624.73
2021 572,573,003.12
2022 656,214,926.13
2023 768,591,773.87
2024-03 791,102,769.41
Today 792,585,274.33

All available years

Today's value of hungarian forint by year:

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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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