Ft

Value of 1998 Hungarian Forint today

Ft100 in 1998
Ft387.1 in 2024

The inflation rate in Hungary between 1998 and today has been 287.1%, which translates into a total increase of Ft287.1. This means that 100 forints in 1998 are equivalent to 387.1 forints in 2024. In other words, the purchasing power of Ft100 in 1998 equals Ft387.1 today. The average annual inflation rate between these periods has been 5.34%.

Inflation timeline in Hungary (1998 - 2024)

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 1998-2023 270.09%
Cumulative inflation 1998-today 287.1%
Avg. Annual inflation 1998-2023 5.37%
CPI 1998 43.02
CPI 2023 159.22
CPI 2024-10 (latest official data) 166.03
CPI today 166.53

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 1998 and 2023, use the corresponding CPI values:

Value2023
=Value1998 ×
CPI2023/CPI1998
=Ft 100 ×
159.22/43.02
Ft370.09

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 166.53:

Valuetoday
=Value1998 ×
CPItoday/CPI1998
=Ft 100 ×
166.53/43.02
Ft387.1

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 25 years between 1998 and 2023 and the average inflation rate was 5.3737%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Ft100 × (1 + 0.053737)25
Ft370.09

Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 1998 Ft3.7 forints in 2023
Ft5 forints in 1998 Ft18.5 forints in 2023
Ft10 forints in 1998 Ft37.01 forints in 2023
Ft50 forints in 1998 Ft185.04 forints in 2023
Ft100 forints in 1998 Ft370.09 forints in 2023
Ft500 forints in 1998 Ft1,850.43 forints in 2023
Ft1,000 forints in 1998 Ft3,700.87 forints in 2023
Ft5,000 forints in 1998 Ft18,504.34 forints in 2023
Ft10,000 forints in 1998 Ft37,008.69 forints in 2023
Ft50,000 forints in 1998 Ft185,043.43 forints in 2023
Ft100,000 forints in 1998 Ft370,086.86 forints in 2023
Ft500,000 forints in 1998 Ft1,850,434.29 forints in 2023
Ft1,000,000 forints in 1998 Ft3,700,868.57 forints in 2023
Cumulative inflation From 1998 287.1%
Avg. annual inflation From 1998 5.34%
CPI 1998 43.02
CPI today 166.53

Value of Forint over time (by year)

Period Value
1998 100
1999 110
2000 120.78
2001 131.79
2002 138.73
2003 145.2
2004 154.99
2005 160.51
2006 166.82
2007 180.1
2008 190.98
2009 199.02
2010 208.69
2011 216.89
2012 229.15
2013 233.12
2014 232.59
2015 232.44
2016 233.36
2017 238.84
2018 245.65
2019 253.85
2020 262.3
2021 275.7
2022 315.98
2023 370.09
2024-10 385.92
Today 387.1

All available years

Today's value of hungarian forint by year:

1980 | 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 | 2023 |

Other currencies: