Value of 1997 Indonesian Ruphias today

Rp100 in 1997

Rp720.94 in 2020

The inflation rate in Indonesia between 1997 and today has been 620.94%, which translates into a total increase of Rp620.94. This means that 100 ruphias in 1997 are equivalent to 720.94 ruphias in 2020. In other words, the purchasing power of Rp100 in 1997 equals Rp720.94 today. The average annual inflation rate has been 8.58%.

Inflation timeline in Indonesia (1997-2020)

The following chart depicts the equivalence of Rp100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1997-2020) 620.01%
Total Inflation* 620.94%
Annual inflation avg. (1997-2020) 8.96%
Annual inflation avg.* 8.58%
CPI 1997 16.04
CPI 2020 115.49
CPI today* 115.63
Rp1 in 1997 Rp7.2 in 2020

* 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 with 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 23 years between 1997 and 2020 and the average inflation rate has been 8.579%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Rp100 * (1 + 0.09)23 = Rp720.01

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 1997 was 16.04 and the CPI today is 115.63. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Rp100 *
115.49/16.04
= Rp720.01

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 ruphia in 1997 Rp7.21 ruphias today
Rp5 ruphias in 1997 Rp36.05 ruphias today
Rp10 ruphias in 1997 Rp72.09 ruphias today
Rp50 ruphias in 1997 Rp360.47 ruphias today
Rp100 ruphias in 1997 Rp720.94 ruphias today
Rp500 ruphias in 1997 Rp3,604.69 ruphias today
Rp1,000 ruphias in 1997 Rp7,209.38 ruphias today
Rp5,000 ruphias in 1997 Rp36,046.9 ruphias today
Rp10,000 ruphias in 1997 Rp72,093.8 ruphias today
Rp50,000 ruphias in 1997 Rp360,469.01 ruphias today
Rp100,000 ruphias in 1997 Rp720,938.03 ruphias today
Rp500,000 ruphias in 1997 Rp3,604,690.13 ruphias today
Rp1,000,000 ruphias in 1997 Rp7,209,380.26 ruphias today

Value of Ruphia over time (by year)

Period Value
1997 100
1998 110.32
1999 195.95
2000 199.73
2001 218.39
2002 245.77
2003 270.16
2004 284.11
2005 302.49
2006 354.15
2007 377.52
2008 402.38
2009 443.55
2010 455.9
2011 487.61
2012 506.08
2013 527.81
2014 568.58
2015 616.1
2016 636.76
2017 656.02
2018 679.68
2019 700.96
2020 720.01
Today 720.94