Ft

Value of 1994 Hungarian Forint today

Ft100 in 1994
Ft805.93 in 2023

The inflation rate in Hungary between 1994 and today has been 705.93%, which translates into a total increase of Ft705.93. This means that 100 forints in 1994 are equivalent to 805.93 forints in 2023. In other words, the purchasing power of Ft100 in 1994 equals Ft805.93 today. The average annual inflation rate between these periods has been 7.46%.

Inflation timeline in Hungary (1994 - 2023)

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 1994-2022 576.01%
Cumulative inflation 1994-today 705.93%
Avg. Annual inflation 1994-2022 7.06%
CPI 1994 20.11
CPI 2022 135.94
CPI 2023-08 (latest official data) 160.55
CPI today 162.06

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 1994 and 2022, use the corresponding CPI values:

Value2022
=Value1994 ×
CPI2022/CPI1994
=Ft 100 ×
135.94/20.11
Ft676.01

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 162.06:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=Ft 100 ×
162.06/20.11
Ft805.93

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 28 years between 1994 and 2022 and the average inflation rate was 7.0634%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=Ft100 × (1 + 0.070634)28
Ft676.01

Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 1994 Ft6.76 forints in 2022
Ft5 forints in 1994 Ft33.8 forints in 2022
Ft10 forints in 1994 Ft67.6 forints in 2022
Ft50 forints in 1994 Ft338 forints in 2022
Ft100 forints in 1994 Ft676.01 forints in 2022
Ft500 forints in 1994 Ft3,380.03 forints in 2022
Ft1,000 forints in 1994 Ft6,760.07 forints in 2022
Ft5,000 forints in 1994 Ft33,800.34 forints in 2022
Ft10,000 forints in 1994 Ft67,600.67 forints in 2022
Ft50,000 forints in 1994 Ft338,003.36 forints in 2022
Ft100,000 forints in 1994 Ft676,006.73 forints in 2022
Ft500,000 forints in 1994 Ft3,380,033.64 forints in 2022
Ft1,000,000 forints in 1994 Ft6,760,067.27 forints in 2022
Cumulative inflation From 1994 705.93%
Avg. annual inflation From 1994 7.46%
CPI 1994 20.11
CPI today 162.06

Value of Forint over time (by year)

Period Value
1994 100
1995 128.31
1996 158.42
1997 187.42
1998 213.94
1999 235.33
2000 258.4
2001 281.96
2002 296.81
2003 310.64
2004 331.59
2005 343.4
2006 356.9
2007 385.3
2008 408.59
2009 425.79
2010 446.47
2011 464.01
2012 490.24
2013 498.74
2014 497.6
2015 497.3
2016 499.26
2017 510.98
2018 525.55
2019 543.09
2020 561.16
2021 589.84
2022 676.01
2023-08 798.4
Today 805.93

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 |

Other currencies: