Ft

Value of 1996 Hungarian Forint today

Ft100 in 1996
Ft486.55 in 2023

The inflation rate in Hungary between 1996 and today has been 386.55%, which translates into a total increase of Ft386.55. This means that 100 forints in 1996 are equivalent to 486.55 forints in 2023. In other words, the purchasing power of Ft100 in 1996 equals Ft486.55 today. The average annual inflation rate between these periods has been 6.04%.

Inflation timeline in Hungary (1996 - 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 1996-2022 326.72%
Cumulative inflation 1996-today 386.55%
Avg. Annual inflation 1996-2022 5.74%
CPI 1996 31.86
CPI 2022 135.94
CPI 2022-12 (latest official data) 152.04
CPI today 154.99

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 1996 and 2022, use the corresponding CPI values:

Value2022
=Value1996 ×
CPI2022/CPI1996
=Ft 100 ×
135.94/31.86
Ft426.72

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 154.99:

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=Ft 100 ×
154.99/31.86
Ft486.55

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 26 years between 1996 and 2022 and the average inflation rate was 5.7393%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=Ft100 × (1 + 0.057393)26
Ft426.72

Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 1996 Ft4.27 forints in 2022
Ft5 forints in 1996 Ft21.34 forints in 2022
Ft10 forints in 1996 Ft42.67 forints in 2022
Ft50 forints in 1996 Ft213.36 forints in 2022
Ft100 forints in 1996 Ft426.72 forints in 2022
Ft500 forints in 1996 Ft2,133.62 forints in 2022
Ft1,000 forints in 1996 Ft4,267.25 forints in 2022
Ft5,000 forints in 1996 Ft21,336.23 forints in 2022
Ft10,000 forints in 1996 Ft42,672.47 forints in 2022
Ft50,000 forints in 1996 Ft213,362.33 forints in 2022
Ft100,000 forints in 1996 Ft426,724.67 forints in 2022
Ft500,000 forints in 1996 Ft2,133,623.33 forints in 2022
Ft1,000,000 forints in 1996 Ft4,267,246.66 forints in 2022
Cumulative inflation From 1996 386.55%
Avg. annual inflation From 1996 6.04%
CPI 1996 31.86
CPI today 154.99

Value of Forint over time (by year)

Period Value
1996 100
1997 118.31
1998 135.05
1999 148.55
2000 163.12
2001 177.99
2002 187.36
2003 196.09
2004 209.32
2005 216.77
2006 225.29
2007 243.22
2008 257.92
2009 268.78
2010 281.83
2011 292.91
2012 309.46
2013 314.83
2014 314.11
2015 313.92
2016 315.15
2017 322.56
2018 331.75
2019 342.82
2020 354.23
2021 372.33
2022 426.72
2022-12 477.26
Today 486.55

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 |

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