Rp

Value of 1993 Indonesian Ruphias today

Rp100 in 1993
Rp983.47 in 2022

The inflation rate in Indonesia between 1993 and today has been 883.47%, which translates into a total increase of Rp883.47. This means that 100 ruphias in 1993 are equivalent to 983.47 ruphias in 2022. In other words, the purchasing power of Rp100 in 1993 equals Rp983.47 today. The average annual inflation rate between these periods has been 8.2%.

Inflation timeline in Indonesia (1993 - 2022)

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 1993-2021 858.51%
Cumulative inflation 1993-today 883.47%
Avg. Annual inflation 1993-2021 8.41%
CPI 1993 12.34
CPI 2021 118.28
CPI 2022-03 (latest official data) 120.95
CPI today 121.36

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 1993 and 2021, use the corresponding CPI values:

Value2021
=Value1993 ×
CPI2021/CPI1993
=Rp 100 ×
118.28/12.34
Rp958.51

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.36:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=Rp 100 ×
121.36/12.34
Rp983.47

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 28 years between 1993 and 2021 and the average inflation rate was 8.4069%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=Rp100 × (1 + 0.084069)28
Rp958.51

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 ruphia in 1993 Rp9.59 ruphias in 2021
Rp5 ruphias in 1993 Rp47.93 ruphias in 2021
Rp10 ruphias in 1993 Rp95.85 ruphias in 2021
Rp50 ruphias in 1993 Rp479.26 ruphias in 2021
Rp100 ruphias in 1993 Rp958.51 ruphias in 2021
Rp500 ruphias in 1993 Rp4,792.56 ruphias in 2021
Rp1,000 ruphias in 1993 Rp9,585.12 ruphias in 2021
Rp5,000 ruphias in 1993 Rp47,925.59 ruphias in 2021
Rp10,000 ruphias in 1993 Rp95,851.18 ruphias in 2021
Rp50,000 ruphias in 1993 Rp479,255.88 ruphias in 2021
Rp100,000 ruphias in 1993 Rp958,511.75 ruphias in 2021
Rp500,000 ruphias in 1993 Rp4,792,558.76 ruphias in 2021
Rp1,000,000 ruphias in 1993 Rp9,585,117.52 ruphias in 2021
Cumulative inflation From 1993 883.47%
Avg. annual inflation From 1993 8.2%
CPI 1993 12.34
CPI today 121.36

Value of Ruphia over time (by year)

Period Value
1993 100
1994 108.53
1995 118.76
1996 128.22
1997 136.21
1998 215.82
1999 260.02
2000 269.61
2001 300.62
2002 336.39
2003 359.12
2004 380.9
2005 420.71
2006 475.86
2007 506.35
2008 558.13
2009 582.62
2010 612.53
2011 645.34
2012 672.95
2013 716.11
2014 761.9
2015 810.38
2016 838.95
2017 870.91
2018 898.76
2019 926
2020 943.79
2021 958.51
2022-03 980.14
Today 983.47

All available years

Today's value of indonesian ruphias 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 |

Other currencies: