Ft

Value of 2004 Hungarian Forint today

Ft100 in 2004
Ft232.76 in 2023

The inflation rate in Hungary between 2004 and today has been 132.76%, which translates into a total increase of Ft132.76. This means that 100 forints in 2004 are equivalent to 232.76 forints in 2023. In other words, the purchasing power of Ft100 in 2004 equals Ft232.76 today. The average annual inflation rate between these periods has been 4.55%.

Inflation timeline in Hungary (2004 - 2023)

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 2004-2022 103.87%
Cumulative inflation 2004-today 132.76%
Avg. Annual inflation 2004-2022 4.04%
CPI 2004 66.68
CPI 2022 135.94
CPI 2022-12 (latest official data) 152.04
CPI today 155.2

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 2004 and 2022, use the corresponding CPI values:

Value2022
=Value2004 ×
CPI2022/CPI2004
=Ft 100 ×
135.94/66.68
Ft203.87

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 155.2:

Valuetoday
=Value2004 ×
CPItoday/CPI2004
=Ft 100 ×
155.2/66.68
Ft232.76

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 18 years between 2004 and 2022 and the average inflation rate was 4.0365%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=Ft100 × (1 + 0.040365)18
Ft203.87

Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 2004 Ft2.04 forints in 2022
Ft5 forints in 2004 Ft10.19 forints in 2022
Ft10 forints in 2004 Ft20.39 forints in 2022
Ft50 forints in 2004 Ft101.93 forints in 2022
Ft100 forints in 2004 Ft203.87 forints in 2022
Ft500 forints in 2004 Ft1,019.33 forints in 2022
Ft1,000 forints in 2004 Ft2,038.67 forints in 2022
Ft5,000 forints in 2004 Ft10,193.34 forints in 2022
Ft10,000 forints in 2004 Ft20,386.67 forints in 2022
Ft50,000 forints in 2004 Ft101,933.37 forints in 2022
Ft100,000 forints in 2004 Ft203,866.73 forints in 2022
Ft500,000 forints in 2004 Ft1,019,333.67 forints in 2022
Ft1,000,000 forints in 2004 Ft2,038,667.35 forints in 2022
Cumulative inflation From 2004 132.76%
Avg. annual inflation From 2004 4.55%
CPI 2004 66.68
CPI today 155.2

Value of Forint over time (by year)

Period Value
2004 100
2005 103.56
2006 107.63
2007 116.2
2008 123.22
2009 128.41
2010 134.64
2011 139.94
2012 147.84
2013 150.41
2014 150.06
2015 149.97
2016 150.56
2017 154.1
2018 158.49
2019 163.78
2020 169.23
2021 177.88
2022 203.87
2022-12 228.01
Today 232.76

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 |

Other currencies: