Ft

Value of 2002 Hungarian Forint today

Ft100 in 2002
Ft277.08 in 2024

The inflation rate in Hungary between 2002 and today has been 177.08%, which translates into a total increase of Ft177.08. This means that 100 forints in 2002 are equivalent to 277.08 forints in 2024. In other words, the purchasing power of Ft100 in 2002 equals Ft277.08 today. The average annual inflation rate between these periods has been 4.74%.

Inflation timeline in Hungary (2002 - 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 2002-2023 166.76%
Cumulative inflation 2002-today 177.08%
Avg. Annual inflation 2002-2023 4.78%
CPI 2002 59.68
CPI 2023 159.22
CPI 2024-04 (latest official data) 164.99
CPI today 165.37

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 2002 and 2023, use the corresponding CPI values:

Value2023
=Value2002 ×
CPI2023/CPI2002
=Ft 100 ×
159.22/59.68
Ft266.76

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 165.37:

Valuetoday
=Value2002 ×
CPItoday/CPI2002
=Ft 100 ×
165.37/59.68
Ft277.08

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 21 years between 2002 and 2023 and the average inflation rate was 4.7832%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Ft100 × (1 + 0.047832)21
Ft266.76

Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 2002 Ft2.67 forints in 2023
Ft5 forints in 2002 Ft13.34 forints in 2023
Ft10 forints in 2002 Ft26.68 forints in 2023
Ft50 forints in 2002 Ft133.38 forints in 2023
Ft100 forints in 2002 Ft266.76 forints in 2023
Ft500 forints in 2002 Ft1,333.82 forints in 2023
Ft1,000 forints in 2002 Ft2,667.63 forints in 2023
Ft5,000 forints in 2002 Ft13,338.16 forints in 2023
Ft10,000 forints in 2002 Ft26,676.31 forints in 2023
Ft50,000 forints in 2002 Ft133,381.55 forints in 2023
Ft100,000 forints in 2002 Ft266,763.11 forints in 2023
Ft500,000 forints in 2002 Ft1,333,815.54 forints in 2023
Ft1,000,000 forints in 2002 Ft2,667,631.08 forints in 2023
Cumulative inflation From 2002 177.08%
Avg. annual inflation From 2002 4.74%
CPI 2002 59.68
CPI today 165.37

Value of Forint over time (by year)

Period Value
2002 100
2003 104.66
2004 111.72
2005 115.7
2006 120.25
2007 129.82
2008 137.66
2009 143.46
2010 150.42
2011 156.34
2012 165.17
2013 168.03
2014 167.65
2015 167.55
2016 168.21
2017 172.16
2018 177.07
2019 182.98
2020 189.07
2021 198.73
2022 227.76
2023 266.76
2024-04 276.44
Today 277.08

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: