Rp

Value of 1994 Indonesian Rupiahs today

Rp100 in 1994
Rp926.59 in 2022

The inflation rate in Indonesia between 1994 and today has been 826.59%, which translates into a total increase of Rp826.59. This means that 100 rupiahs in 1994 are equivalent to 926.59 rupiahs in 2022. In other words, the purchasing power of Rp100 in 1994 equals Rp926.59 today. The average annual inflation rate between these periods has been 8.28%.

Inflation timeline in Indonesia (1994 - 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 1994-2021 783.16%
Cumulative inflation 1994-today 826.59%
Avg. Annual inflation 1994-2021 8.4%
CPI 1994 13.39
CPI 2021 118.28
CPI 2022-08 (latest official data) 123.86
CPI today 124.1

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 1994 and 2021, use the corresponding CPI values:

Value2021
=Value1994 ×
CPI2021/CPI1994
=Rp 100 ×
118.28/13.39
Rp883.16

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 124.1:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=Rp 100 ×
124.1/13.39
Rp926.59

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 27 years between 1994 and 2021 and the average inflation rate was 8.4023%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=Rp100 × (1 + 0.084023)27
Rp883.16

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 1994 Rp8.83 rupiahs in 2021
Rp5 rupiahs in 1994 Rp44.16 rupiahs in 2021
Rp10 rupiahs in 1994 Rp88.32 rupiahs in 2021
Rp50 rupiahs in 1994 Rp441.58 rupiahs in 2021
Rp100 rupiahs in 1994 Rp883.16 rupiahs in 2021
Rp500 rupiahs in 1994 Rp4,415.8 rupiahs in 2021
Rp1,000 rupiahs in 1994 Rp8,831.6 rupiahs in 2021
Rp5,000 rupiahs in 1994 Rp44,158.02 rupiahs in 2021
Rp10,000 rupiahs in 1994 Rp88,316.04 rupiahs in 2021
Rp50,000 rupiahs in 1994 Rp441,580.2 rupiahs in 2021
Rp100,000 rupiahs in 1994 Rp883,160.4 rupiahs in 2021
Rp500,000 rupiahs in 1994 Rp4,415,802.02 rupiahs in 2021
Rp1,000,000 rupiahs in 1994 Rp8,831,604.04 rupiahs in 2021
Cumulative inflation From 1994 826.59%
Avg. annual inflation From 1994 8.28%
CPI 1994 13.39
CPI today 124.1

Value of Rupiah over time (by year)

Period Value
1994 100
1995 109.42
1996 118.14
1997 125.5
1998 198.86
1999 239.58
2000 248.42
2001 276.98
2002 309.95
2003 330.89
2004 350.95
2005 387.64
2006 438.45
2007 466.54
2008 514.26
2009 536.81
2010 564.38
2011 594.6
2012 620.05
2013 659.81
2014 702
2015 746.67
2016 773
2017 802.44
2018 828.11
2019 853.2
2020 869.59
2021 883.16
2022-08 924.81
Today 926.59

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 |

Other currencies: