# Value of 2001 Hungarian Forint today

Ft100 in 2001

Ft211.36 in 2021

The inflation rate in Hungary between 2001 and today has been 111.36%, which translates into a total increase of Ft111.36. This means that 100 forints in 2001 are equivalent to 211.36 forints in 2021. In other words, the purchasing power of Ft100 in 2001 equals Ft211.36 today. The average annual inflation rate has been 3.63%.

## Inflation timeline in Hungary (2001-2021)

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 (2001-2021) 110.99%
Total Inflation* 111.36%
Annual inflation avg. (2001-2021) 3.8%
Annual inflation avg.* 3.63%
CPI 2001 53.89
CPI 2021 113.69
CPI today* 113.89
Ft1 in 2001 Ft2.11 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 20 years between 2001 and 2021 and the average inflation rate has been 3.628%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Ft100 * (1 + 0.04)20 = Ft210.99

#### 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 2001 was 53.89 and the CPI today is 113.89. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Ft100 *
113.69/53.89
= Ft210.99

### Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 2001 Ft2.11 forints today
Ft5 forints in 2001 Ft10.57 forints today
Ft10 forints in 2001 Ft21.14 forints today
Ft50 forints in 2001 Ft105.68 forints today
Ft100 forints in 2001 Ft211.36 forints today
Ft500 forints in 2001 Ft1,056.79 forints today
Ft1,000 forints in 2001 Ft2,113.59 forints today
Ft5,000 forints in 2001 Ft10,567.94 forints today
Ft10,000 forints in 2001 Ft21,135.88 forints today
Ft50,000 forints in 2001 Ft105,679.38 forints today
Ft100,000 forints in 2001 Ft211,358.77 forints today
Ft500,000 forints in 2001 Ft1,056,793.85 forints today
Ft1,000,000 forints in 2001 Ft2,113,587.69 forints today

Period Value
2001 100
2002 106.73
2003 111.95
2004 118.27
2005 124.73
2006 128.98
2007 137.36
2008 147.53
2009 152.61
2010 161.13
2011 168.68
2012 175.55
2013 184.34
2014 185.03
2015 183.38
2016 185.03
2017 188.19
2018 192.31
2019 197.53
2020 205.36
2021 210.99
Today 211.36