Ft

Value of 2008 Hungarian Forint today

Ft100 in 2008
Ft169.87 in 2022

The inflation rate in Hungary between 2008 and today has been 69.87%, which translates into a total increase of Ft69.87. This means that 100 forints in 2008 are equivalent to 169.87 forints in 2022. In other words, the purchasing power of Ft100 in 2008 equals Ft169.87 today. The average annual inflation rate between these periods has been 3.86%.

Inflation timeline in Hungary (2008 - 2022)

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 2008-2021 44.36%
Cumulative inflation 2008-today 69.87%
Avg. Annual inflation 2008-2021 2.86%
CPI 2008 82.16
CPI 2021 118.61
CPI 2022-08 (latest official data) 137.97
CPI today 139.56

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 2008 and 2021, use the corresponding CPI values:

Value2021
=Value2008 ×
CPI2021/CPI2008
=Ft 100 ×
118.61/82.16
Ft144.36

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 139.56:

Valuetoday
=Value2008 ×
CPItoday/CPI2008
=Ft 100 ×
139.56/82.16
Ft169.87

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 13 years between 2008 and 2021 and the average inflation rate was 2.8645%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=Ft100 × (1 + 0.028645)13
Ft144.36

Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 2008 Ft1.44 forints in 2021
Ft5 forints in 2008 Ft7.22 forints in 2021
Ft10 forints in 2008 Ft14.44 forints in 2021
Ft50 forints in 2008 Ft72.18 forints in 2021
Ft100 forints in 2008 Ft144.36 forints in 2021
Ft500 forints in 2008 Ft721.81 forints in 2021
Ft1,000 forints in 2008 Ft1,443.62 forints in 2021
Ft5,000 forints in 2008 Ft7,218.09 forints in 2021
Ft10,000 forints in 2008 Ft14,436.19 forints in 2021
Ft50,000 forints in 2008 Ft72,180.95 forints in 2021
Ft100,000 forints in 2008 Ft144,361.9 forints in 2021
Ft500,000 forints in 2008 Ft721,809.5 forints in 2021
Ft1,000,000 forints in 2008 Ft1,443,619 forints in 2021
Cumulative inflation From 2008 69.87%
Avg. annual inflation From 2008 3.86%
CPI 2008 82.16
CPI today 139.56

Value of Forint over time (by year)

Period Value
2008 100
2009 104.21
2010 109.27
2011 113.57
2012 119.98
2013 122.06
2014 121.79
2015 121.71
2016 122.19
2017 125.06
2018 128.63
2019 132.92
2020 137.34
2021 144.36
2022-08 167.93
Today 169.87

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 |

Other currencies: