Rp

Value of 1993 Indonesian Rupiahs today

Rp100 in 1993
Rp1,063.11 in 2024

The inflation rate in Indonesia between 1993 and today has been 963.11%, which translates into a total increase of Rp963.11. This means that 100 rupiahs in 1993 are equivalent to 1,063.11 rupiahs in 2024. In other words, the purchasing power of Rp100 in 1993 equals Rp1,063.11 today. The average annual inflation rate between these periods has been 7.92%.

Inflation timeline in Indonesia (1993 - 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 1993-2023 935.5%
Cumulative inflation 1993-today 963.11%
Avg. Annual inflation 1993-2023 8.1%
CPI 1993 12.34
CPI 2023 127.78
CPI 2024-04 (latest official data) 130.94
CPI today 131.19

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 2023, use the corresponding CPI values:

Value2023
=Value1993 ×
CPI2023/CPI1993
=Rp 100 ×
127.78/12.34
Rp1,035.5

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.19:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=Rp 100 ×
131.19/12.34
Rp1,063.11

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 30 years between 1993 and 2023 and the average inflation rate was 8.1031%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Rp100 × (1 + 0.081031)30
Rp1,035.5

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 1993 Rp10.36 rupiahs in 2023
Rp5 rupiahs in 1993 Rp51.78 rupiahs in 2023
Rp10 rupiahs in 1993 Rp103.55 rupiahs in 2023
Rp50 rupiahs in 1993 Rp517.75 rupiahs in 2023
Rp100 rupiahs in 1993 Rp1,035.5 rupiahs in 2023
Rp500 rupiahs in 1993 Rp5,177.5 rupiahs in 2023
Rp1,000 rupiahs in 1993 Rp10,355 rupiahs in 2023
Rp5,000 rupiahs in 1993 Rp51,775.02 rupiahs in 2023
Rp10,000 rupiahs in 1993 Rp103,550.03 rupiahs in 2023
Rp50,000 rupiahs in 1993 Rp517,750.17 rupiahs in 2023
Rp100,000 rupiahs in 1993 Rp1,035,500.35 rupiahs in 2023
Rp500,000 rupiahs in 1993 Rp5,177,501.73 rupiahs in 2023
Rp1,000,000 rupiahs in 1993 Rp10,355,003.45 rupiahs in 2023
Cumulative inflation From 1993 963.11%
Avg. annual inflation From 1993 7.92%
CPI 1993 12.34
CPI today 131.19

Value of Rupiah 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 943.78
2021 958.5
2022 998.85
2023 1,035.5
2024-04 1,061.11
Today 1,063.11

All available years

Today's value of indonesian rupiahs by year:

1968 | 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 |

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