# Value of 1993 Hungarian Forint today

Ft100 in 1993

Ft742.24 in 2020

The inflation rate in Hungary between 1993 and today has been 642.24%, which translates into a total increase of Ft642.24. This means that 100 forints in 1993 are equivalent to 742.24 forints in 2020. In other words, the purchasing power of Ft100 in 1993 equals Ft742.24 today. The average annual inflation rate has been 7.42%.

## Inflation timeline in Hungary (1993-2020)

The following chart depicts the equivalence of Ft100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1993-2020) 640.61%
Total Inflation* 642.24%
Annual inflation avg. (1993-2020) 7.7%
Annual inflation avg.* 7.42%
CPI 1993 14.94
CPI 2020 110.66
CPI today* 110.9
Ft1 in 1993 Ft7.41 in 2020

* 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 with 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 27 years between 1993 and 2020 and the average inflation rate has been 7.4214%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Ft100 * (1 + 0.07)27 = Ft740.61

#### 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 1993 was 14.94 and the CPI today is 110.9. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Ft100 *
110.66/14.94
= Ft740.61

### Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 1993 Ft7.42 forints today
Ft5 forints in 1993 Ft37.11 forints today
Ft10 forints in 1993 Ft74.22 forints today
Ft50 forints in 1993 Ft371.12 forints today
Ft100 forints in 1993 Ft742.24 forints today
Ft500 forints in 1993 Ft3,711.18 forints today
Ft1,000 forints in 1993 Ft7,422.36 forints today
Ft5,000 forints in 1993 Ft37,111.81 forints today
Ft10,000 forints in 1993 Ft74,223.62 forints today
Ft50,000 forints in 1993 Ft371,118.11 forints today
Ft100,000 forints in 1993 Ft742,236.21 forints today
Ft500,000 forints in 1993 Ft3,711,181.06 forints today
Ft1,000,000 forints in 1993 Ft7,422,362.12 forints today

Period Value
1993 100
1994 121.1
1995 146.77
1996 188.31
1997 225.61
1998 267.09
1999 294.6
2000 327.62
2001 360.64
2002 384.92
2003 403.74
2004 426.53
2005 449.81
2006 465.17
2007 495.39
2008 532.05
2009 550.38
2010 581.09
2011 608.34
2012 633.11
2013 664.81
2014 667.29
2015 661.34
2016 667.29
2017 678.68
2018 693.54
2019 712.37
2020 740.61
Today 742.24