Value of 1996 Indonesian Ruphias today

Rp100 in 1996

Rp736.7 in 2018

The inflation rate in Indonesia between 1996 and today has been 636.7%, which translates into a total increase of Rp636.7. This means that 100 ruphias in 1996 are equivalent to 736.7 ruphias in 2018. In other words, the purchasing power of Rp100 in 1996 equals Rp736.7 today. The average annual inflation rate has been 9.07%.

Inflation timeline in Indonesia (1996-2018)

The following chart ilustrates the equivalence of Rp100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1996-2018) 620.67%
Total Inflation* 636.7%
Annual inflation avg. (1996-2018) 9.39%
Annual inflation avg.* 9.07%
CPI 1996 15.13
CPI 2018 109.02
CPI today* 111.44
Rp1 in 1996 Rp7.21 in 2018

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 22 years between 1996 and 2018 and the average inflation rate has been 9.0708%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Rp100 * (1 + 0.09)22 = Rp720.67

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1996 was 15.13 and the CPI today is 111.44. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Rp100 *
109.02/15.13
= Rp720.67

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 ruphia in 1996 Rp7.37 ruphias today
Rp5 ruphias in 1996 Rp36.84 ruphias today
Rp10 ruphias in 1996 Rp73.67 ruphias today
Rp50 ruphias in 1996 Rp368.35 ruphias today
Rp100 ruphias in 1996 Rp736.7 ruphias today
Rp500 ruphias in 1996 Rp3,683.52 ruphias today
Rp1,000 ruphias in 1996 Rp7,367.04 ruphias today
Rp5,000 ruphias in 1996 Rp36,835.22 ruphias today
Rp10,000 ruphias in 1996 Rp73,670.44 ruphias today
Rp50,000 ruphias in 1996 Rp368,352.2 ruphias today
Rp100,000 ruphias in 1996 Rp736,704.4 ruphias today
Rp500,000 ruphias in 1996 Rp3,683,522 ruphias today
Rp1,000,000 ruphias in 1996 Rp7,367,044 ruphias today

Value of Ruphia in time (by year)

Period Value
1996 100
1997 106.03
1998 116.98
1999 207.77
2000 211.77
2001 231.56
2002 260.59
2003 286.45
2004 301.24
2005 320.74
2006 375.51
2007 400.29
2008 426.64
2009 470.3
2010 483.4
2011 517.02
2012 536.6
2013 559.64
2014 602.86
2015 653.26
2016 675.16
2017 695.58
2018 720.67
Today 736.7