Value of 1996 Indonesian Ruphias today

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