Ft

Value of 1993 Hungarian Forint today

Ft100 in 1993
Ft970.55 in 2024

The inflation rate in Hungary between 1993 and today has been 870.55%, which translates into a total increase of Ft870.55. This means that 100 forints in 1993 are equivalent to 970.55 forints in 2024. In other words, the purchasing power of Ft100 in 1993 equals Ft970.55 today. The average annual inflation rate between these periods has been 7.61%.

Inflation timeline in Hungary (1993 - 2024)

The following chart depicts the equivalence of Ft100 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 1993-2023 841.17%
Cumulative inflation 1993-today 870.55%
Avg. Annual inflation 1993-2023 7.76%
CPI 1993 16.92
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 1993 and 2023, use the corresponding CPI values:

Value2023
=Value1993 ×
CPI2023/CPI1993
=Ft 100 ×
159.22/16.92
Ft941.17

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

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=Ft 100 ×
164.19/16.92
Ft970.55

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 Ft100 worth today. There are 30 years between 1993 and 2023 and the average inflation rate was 7.7595%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Ft100 × (1 + 0.077595)30
Ft941.17

Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 1993 Ft9.41 forints in 2023
Ft5 forints in 1993 Ft47.06 forints in 2023
Ft10 forints in 1993 Ft94.12 forints in 2023
Ft50 forints in 1993 Ft470.58 forints in 2023
Ft100 forints in 1993 Ft941.17 forints in 2023
Ft500 forints in 1993 Ft4,705.83 forints in 2023
Ft1,000 forints in 1993 Ft9,411.65 forints in 2023
Ft5,000 forints in 1993 Ft47,058.26 forints in 2023
Ft10,000 forints in 1993 Ft94,116.51 forints in 2023
Ft50,000 forints in 1993 Ft470,582.57 forints in 2023
Ft100,000 forints in 1993 Ft941,165.13 forints in 2023
Ft500,000 forints in 1993 Ft4,705,825.67 forints in 2023
Ft1,000,000 forints in 1993 Ft9,411,651.35 forints in 2023
Cumulative inflation From 1993 870.55%
Avg. annual inflation From 1993 7.61%
CPI 1993 16.92
CPI today 164.19

Value of Forint over time (by year)

Period Value
1993 100
1994 118.87
1995 152.51
1996 188.31
1997 222.78
1998 254.31
1999 279.73
2000 307.16
2001 335.16
2002 352.81
2003 369.25
2004 394.16
2005 408.2
2006 424.24
2007 458
2008 485.68
2009 506.13
2010 530.71
2011 551.57
2012 582.74
2013 592.84
2014 591.49
2015 591.13
2016 593.46
2017 607.4
2018 624.71
2019 645.57
2020 667.04
2021 701.13
2022 803.56
2023 941.17
2024-03 968.73
Today 970.55

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 |

Other currencies: