Rp

Value of 1973 Indonesian Rupiahs today

Rp100 in 1973
Rp10,213.36 in 2024

The inflation rate in Indonesia between 1973 and today has been 10,113.36%, which translates into a total increase of Rp10,113.36. This means that 100 rupiahs in 1973 are equivalent to 10,213.36 rupiahs in 2024. In other words, the purchasing power of Rp100 in 1973 equals Rp10,213.36 today. The average annual inflation rate between these periods has been 9.5%.

Inflation timeline in Indonesia (1973 - 2024)

The following chart depicts the equivalence of Rp100 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 (IDR) 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 1973-2023 9,957.69%
Cumulative inflation 1973-today 10,113.36%
Avg. Annual inflation 1973-2023 9.66%
CPI 1973 1.27
CPI 2023 127.78
CPI 2023-12 (latest official data) 129.4
CPI today 129.76

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 1973 and 2023, use the corresponding CPI values:

Value2023
=Value1973 ×
CPI2023/CPI1973
=Rp 100 ×
127.78/1.27
Rp10,057.69

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 129.76:

Valuetoday
=Value1973 ×
CPItoday/CPI1973
=Rp 100 ×
129.76/1.27
Rp10,213.36

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 Rp100 worth today. There are 50 years between 1973 and 2023 and the average inflation rate was 9.6604%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Rp100 × (1 + 0.096604)50
Rp10,057.69

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 1973 Rp100.58 rupiahs in 2023
Rp5 rupiahs in 1973 Rp502.88 rupiahs in 2023
Rp10 rupiahs in 1973 Rp1,005.77 rupiahs in 2023
Rp50 rupiahs in 1973 Rp5,028.85 rupiahs in 2023
Rp100 rupiahs in 1973 Rp10,057.69 rupiahs in 2023
Rp500 rupiahs in 1973 Rp50,288.47 rupiahs in 2023
Rp1,000 rupiahs in 1973 Rp100,576.94 rupiahs in 2023
Rp5,000 rupiahs in 1973 Rp502,884.72 rupiahs in 2023
Rp10,000 rupiahs in 1973 Rp1,005,769.43 rupiahs in 2023
Rp50,000 rupiahs in 1973 Rp5,028,847.16 rupiahs in 2023
Rp100,000 rupiahs in 1973 Rp10,057,694.32 rupiahs in 2023
Rp500,000 rupiahs in 1973 Rp50,288,471.6 rupiahs in 2023
Rp1,000,000 rupiahs in 1973 Rp100,576,943.21 rupiahs in 2023
Cumulative inflation From 1973 10,113.36%
Avg. annual inflation From 1973 9.5%
CPI 1973 1.27
CPI today 129.76

Value of Rupiah over time (by year)

Period Value
1973 100
1974 140.49
1975 167.42
1976 200.61
1977 222.79
1978 240.86
1979 279.96
1980 330.45
1981 370.98
1982 406.02
1983 453.93
1984 501.39
1985 525.08
1986 555.66
1987 607.21
1988 656.07
1989 698.16
1990 752.75
1991 823.65
1992 885.61
1993 971.27
1994 1,054.14
1995 1,153.44
1996 1,245.41
1997 1,322.95
1998 2,096.23
1999 2,525.49
2000 2,618.65
2001 2,919.79
2002 3,267.25
2003 3,488.03
2004 3,699.55
2005 4,086.27
2006 4,621.93
2007 4,918.03
2008 5,420.98
2009 5,658.77
2010 5,949.3
2011 6,267.95
2012 6,536.19
2013 6,955.32
2014 7,400.11
2015 7,870.99
2016 8,148.5
2017 8,458.86
2018 8,729.4
2019 8,993.95
2020 9,166.73
2021 9,309.74
2022 9,701.63
2023 10,057.69
2023-12 10,184.89
Today 10,213.36

All available years

Today's value of indonesian rupiahs by year:

1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 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: