Ft

Value of 2003 Hungarian Forint today

Ft100 in 2003
Ft262.89 in 2024

The inflation rate in Hungary between 2003 and today has been 162.89%, which translates into a total increase of Ft162.89. This means that 100 forints in 2003 are equivalent to 262.89 forints in 2024. In other words, the purchasing power of Ft100 in 2003 equals Ft262.89 today. The average annual inflation rate between these periods has been 4.71%.

Inflation timeline in Hungary (2003 - 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 2003-2023 154.88%
Cumulative inflation 2003-today 162.89%
Avg. Annual inflation 2003-2023 4.79%
CPI 2003 62.47
CPI 2023 159.22
CPI 2024-03 (latest official data) 163.88
CPI today 164.22

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 2003 and 2023, use the corresponding CPI values:

Value2023
=Value2003 ×
CPI2023/CPI2003
=Ft 100 ×
159.22/62.47
Ft254.88

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 164.22:

Valuetoday
=Value2003 ×
CPItoday/CPI2003
=Ft 100 ×
164.22/62.47
Ft262.89

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 20 years between 2003 and 2023 and the average inflation rate was 4.7893%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Ft100 × (1 + 0.047893)20
Ft254.88

Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 2003 Ft2.55 forints in 2023
Ft5 forints in 2003 Ft12.74 forints in 2023
Ft10 forints in 2003 Ft25.49 forints in 2023
Ft50 forints in 2003 Ft127.44 forints in 2023
Ft100 forints in 2003 Ft254.88 forints in 2023
Ft500 forints in 2003 Ft1,274.41 forints in 2023
Ft1,000 forints in 2003 Ft2,548.83 forints in 2023
Ft5,000 forints in 2003 Ft12,744.15 forints in 2023
Ft10,000 forints in 2003 Ft25,488.3 forints in 2023
Ft50,000 forints in 2003 Ft127,441.49 forints in 2023
Ft100,000 forints in 2003 Ft254,882.97 forints in 2023
Ft500,000 forints in 2003 Ft1,274,414.85 forints in 2023
Ft1,000,000 forints in 2003 Ft2,548,829.7 forints in 2023
Cumulative inflation From 2003 162.89%
Avg. annual inflation From 2003 4.71%
CPI 2003 62.47
CPI today 164.22

Value of Forint over time (by year)

Period Value
2003 100
2004 106.74
2005 110.55
2006 114.89
2007 124.03
2008 131.53
2009 137.07
2010 143.72
2011 149.37
2012 157.82
2013 160.55
2014 160.19
2015 160.09
2016 160.72
2017 164.49
2018 169.18
2019 174.83
2020 180.65
2021 189.88
2022 217.62
2023 254.88
2024-03 262.35
Today 262.89

All available years

Today's value of hungarian forint by year:

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: