Value of 2002 Indonesian Ruphias today

Rp100 in 2002

Rp293.07 in 2020

The inflation rate in Indonesia between 2002 and today has been 193.07%, which translates into a total increase of Rp193.07. This means that 100 ruphias in 2002 are equivalent to 293.07 ruphias in 2020. In other words, the purchasing power of Rp100 in 2002 equals Rp293.07 today. The average annual inflation rate has been 5.82%.

Inflation timeline in Indonesia (2002-2020)

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 (2002-2020) 192.96%
Total Inflation* 193.07%
Annual inflation avg. (2002-2020) 6.15%
Annual inflation avg.* 5.82%
CPI 2002 39.42
CPI 2020 115.49
CPI today* 115.53
Rp1 in 2002 Rp2.93 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 18 years between 2002 and 2020 and the average inflation rate has been 5.8223%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Rp100 * (1 + 0.06)18 = Rp292.96

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 2002 was 39.42 and the CPI today is 115.53. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Rp100 *
= Rp292.96

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 ruphia in 2002 Rp2.93 ruphias today
Rp5 ruphias in 2002 Rp14.65 ruphias today
Rp10 ruphias in 2002 Rp29.31 ruphias today
Rp50 ruphias in 2002 Rp146.53 ruphias today
Rp100 ruphias in 2002 Rp293.07 ruphias today
Rp500 ruphias in 2002 Rp1,465.35 ruphias today
Rp1,000 ruphias in 2002 Rp2,930.69 ruphias today
Rp5,000 ruphias in 2002 Rp14,653.46 ruphias today
Rp10,000 ruphias in 2002 Rp29,306.91 ruphias today
Rp50,000 ruphias in 2002 Rp146,534.57 ruphias today
Rp100,000 ruphias in 2002 Rp293,069.14 ruphias today
Rp500,000 ruphias in 2002 Rp1,465,345.72 ruphias today
Rp1,000,000 ruphias in 2002 Rp2,930,691.45 ruphias today

Value of Ruphia over time (by year)

Period Value
2002 100
2003 109.92
2004 115.6
2005 123.08
2006 144.1
2007 153.61
2008 163.72
2009 180.47
2010 185.5
2011 198.4
2012 205.91
2013 214.76
2014 231.34
2015 250.68
2016 259.09
2017 266.92
2018 276.55
2019 285.21
2020 292.96
Today 293.07