Ft

# Value of 2020 Hungarian Forint today

Ft100 in 2020
Ft143.76 in 2023

The inflation rate in Hungary between 2020 and today has been 43.76%, which translates into a total increase of Ft43.76. This means that 100 forints in 2020 are equivalent to 143.76 forints in 2023. In other words, the purchasing power of Ft100 in 2020 equals Ft143.76 today. The average annual inflation rate between these periods has been 12.86%.

## Inflation timeline in Hungary (2020 - 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 2020-2022 20.47%
Cumulative inflation 2020-today 43.76%
Avg. Annual inflation 2020-2022 9.76%
CPI 2020 112.84
CPI 2022 135.94
CPI 2023-10 (latest official data) 160.92
CPI today 162.23

## 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 2020 and 2022, use the corresponding CPI values:

Value2022
=Value2020 ×
CPI2022/CPI2020
=Ft 100 ×
135.94/112.84
Ft120.47

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 162.23:

Valuetoday
=Value2020 ×
CPItoday/CPI2020
=Ft 100 ×
162.23/112.84
Ft143.76

### 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 2 years between 2020 and 2022 and the average inflation rate was 9.7569%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=Ft100 × (1 + 0.097569)2
Ft120.47

## Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 2020 Ft1.2 forints in 2022
Ft5 forints in 2020 Ft6.02 forints in 2022
Ft10 forints in 2020 Ft12.05 forints in 2022
Ft50 forints in 2020 Ft60.23 forints in 2022
Ft100 forints in 2020 Ft120.47 forints in 2022
Ft500 forints in 2020 Ft602.33 forints in 2022
Ft1,000 forints in 2020 Ft1,204.66 forints in 2022
Ft5,000 forints in 2020 Ft6,023.29 forints in 2022
Ft10,000 forints in 2020 Ft12,046.57 forints in 2022
Ft50,000 forints in 2020 Ft60,232.86 forints in 2022
Ft100,000 forints in 2020 Ft120,465.73 forints in 2022
Ft500,000 forints in 2020 Ft602,328.65 forints in 2022
Ft1,000,000 forints in 2020 Ft1,204,657.3 forints in 2022
 Cumulative inflation From 2020 43.76% Avg. annual inflation From 2020 12.86% CPI 2020 112.84 CPI today 162.23

### Value of Forint over time (by year)

Period Value
2020 100
2021 105.11
2022 120.47
2023-10 142.6
Today 143.76

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: