# Value of 1998 Hungarian Forint today

Ft100 in 1998

Ft285.15 in 2021

The inflation rate in Hungary between 1998 and today has been 185.15%, which translates into a total increase of Ft185.15. This means that 100 forints in 1998 are equivalent to 285.15 forints in 2021. In other words, the purchasing power of Ft100 in 1998 equals Ft285.15 today. The average annual inflation rate has been 4.46%.

## Inflation timeline in Hungary (1998-2021)

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 (1998-2021) 184.89%
Total Inflation* 185.15%
Annual inflation avg. (1998-2021) 4.66%
Annual inflation avg.* 4.46%
CPI 1998 39.91
CPI 2021 113.69
CPI today* 113.8
Ft1 in 1998 Ft2.85 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 23 years between 1998 and 2021 and the average inflation rate has been 4.4627%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Ft100 * (1 + 0.04)23 = Ft284.89

#### 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 1998 was 39.91 and the CPI today is 113.8. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Ft100 *
113.69/39.91
= Ft284.89

### Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 1998 Ft2.85 forints today
Ft5 forints in 1998 Ft14.26 forints today
Ft10 forints in 1998 Ft28.51 forints today
Ft50 forints in 1998 Ft142.57 forints today
Ft100 forints in 1998 Ft285.15 forints today
Ft500 forints in 1998 Ft1,425.74 forints today
Ft1,000 forints in 1998 Ft2,851.48 forints today
Ft5,000 forints in 1998 Ft14,257.4 forints today
Ft10,000 forints in 1998 Ft28,514.8 forints today
Ft50,000 forints in 1998 Ft142,573.98 forints today
Ft100,000 forints in 1998 Ft285,147.97 forints today
Ft500,000 forints in 1998 Ft1,425,739.83 forints today
Ft1,000,000 forints in 1998 Ft2,851,479.65 forints today

Period Value
1998 100
1999 110.3
2000 122.66
2001 135.02
2002 144.11
2003 151.16
2004 159.69
2005 168.41
2006 174.16
2007 185.47
2008 199.2
2009 206.06
2010 217.56
2011 227.76
2012 237.04
2013 248.91
2014 249.83
2015 247.61
2016 249.83
2017 254.1
2018 259.66
2019 266.71
2020 277.28
2021 284.89
Today 285.15