# Value of 1997 Hungarian Forint today

Ft100 in 1997

Ft337.88 in 2021

The inflation rate in Hungary between 1997 and today has been 237.88%, which translates into a total increase of Ft237.88. This means that 100 forints in 1997 are equivalent to 337.88 forints in 2021. In other words, the purchasing power of Ft100 in 1997 equals Ft337.88 today. The average annual inflation rate has been 4.99%.

## Inflation timeline in Hungary (1997-2021)

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 (1997-2021) 237.27%
Total Inflation* 237.88%
Annual inflation avg. (1997-2021) 5.2%
Annual inflation avg.* 4.99%
CPI 1997 33.71
CPI 2021 113.69
CPI today* 113.9
Ft1 in 1997 Ft3.37 in 2021

* 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 24 years between 1997 and 2021 and the average inflation rate has been 4.9907%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Ft100 * (1 + 0.05)24 = Ft337.27

#### 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 1997 was 33.71 and the CPI today is 113.9. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Ft100 *
113.69/33.71
= Ft337.27

### Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 1997 Ft3.38 forints today
Ft5 forints in 1997 Ft16.89 forints today
Ft10 forints in 1997 Ft33.79 forints today
Ft50 forints in 1997 Ft168.94 forints today
Ft100 forints in 1997 Ft337.88 forints today
Ft500 forints in 1997 Ft1,689.42 forints today
Ft1,000 forints in 1997 Ft3,378.84 forints today
Ft5,000 forints in 1997 Ft16,894.18 forints today
Ft10,000 forints in 1997 Ft33,788.36 forints today
Ft50,000 forints in 1997 Ft168,941.79 forints today
Ft100,000 forints in 1997 Ft337,883.58 forints today
Ft500,000 forints in 1997 Ft1,689,417.92 forints today
Ft1,000,000 forints in 1997 Ft3,378,835.84 forints today

Period Value
1997 100
1998 118.39
1999 130.58
2000 145.21
2001 159.85
2002 170.61
2003 178.95
2004 189.05
2005 199.37
2006 206.18
2007 219.57
2008 235.82
2009 243.95
2010 257.56
2011 269.64
2012 280.62
2013 294.67
2014 295.77
2015 293.13
2016 295.77
2017 300.82
2018 307.4
2019 315.75
2020 328.26
2021 337.27
Today 337.88