Ft

Value of 1997 Hungarian Forint today

Ft100 in 1997
Ft342.43 in 2022

The inflation rate in Hungary between 1997 and today has been 242.43%, which translates into a total increase of Ft242.43. This means that 100 forints in 1997 are equivalent to 342.43 forints in 2022. In other words, the purchasing power of Ft100 in 1997 equals Ft342.43 today. The average annual inflation rate between these periods has been 5.05%.

Inflation timeline in Hungary (1997 - 2022)

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 1997-2021 214.72%
Cumulative inflation 1997-today 242.43%
Avg. Annual inflation 1997-2021 4.89%
CPI 1997 37.69
CPI 2021 118.61
CPI 2022-04 (latest official data) 128.35
CPI today 129.05

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 1997 and 2021, use the corresponding CPI values:

Value2021
=Value1997 ×
CPI2021/CPI1997
=Ft 100 ×
118.61/37.69
Ft314.72

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 129.05:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=Ft 100 ×
129.05/37.69
Ft342.43

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 24 years between 1997 and 2021 and the average inflation rate was 4.8931%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=Ft100 × (1 + 0.048931)24
Ft314.72

Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 1997 Ft3.15 forints in 2021
Ft5 forints in 1997 Ft15.74 forints in 2021
Ft10 forints in 1997 Ft31.47 forints in 2021
Ft50 forints in 1997 Ft157.36 forints in 2021
Ft100 forints in 1997 Ft314.72 forints in 2021
Ft500 forints in 1997 Ft1,573.62 forints in 2021
Ft1,000 forints in 1997 Ft3,147.24 forints in 2021
Ft5,000 forints in 1997 Ft15,736.18 forints in 2021
Ft10,000 forints in 1997 Ft31,472.35 forints in 2021
Ft50,000 forints in 1997 Ft157,361.77 forints in 2021
Ft100,000 forints in 1997 Ft314,723.53 forints in 2021
Ft500,000 forints in 1997 Ft1,573,617.66 forints in 2021
Ft1,000,000 forints in 1997 Ft3,147,235.32 forints in 2021
Cumulative inflation From 1997 242.43%
Avg. annual inflation From 1997 5.05%
CPI 1997 37.69
CPI today 129.05

Value of Forint over time (by year)

Period Value
1997 100
1998 114.15
1999 125.57
2000 137.88
2001 150.45
2002 158.37
2003 165.75
2004 176.93
2005 183.23
2006 190.43
2007 205.59
2008 218.01
2009 227.19
2010 238.22
2011 247.59
2012 261.58
2013 266.11
2014 265.51
2015 265.34
2016 266.39
2017 272.65
2018 280.42
2019 289.78
2020 299.42
2021 314.72
2022-04 340.57
Today 342.43

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 |

Other currencies: