Value of 2003 Indonesian Ruphias today

Rp100 in 2003

Rp271.02 today

The inflation rate in Indonesia between 2003 and today has been 171.02%, which translates into a total increase of Rp171.02. This means that 100 ruphias in 2003 are equivalent to 271.02 ruphias in 2021. In other words, the purchasing power of Rp100 in 2003 equals Rp271.02 today. The average annual inflation rate has been 5.39%.

Inflation timeline in Indonesia (2003-2022)

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 (2003-2021) 170.74%
Total Inflation* 171.02%
Annual inflation avg. (2003-2021) 5.69%
Annual inflation avg.* 5.39%
CPI 2003 43.33
CPI 2021 117.32
CPI today* 117.44
Rp1 in 2003 Rp2.71 in 2021

* 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 2003 and 2021 and the average inflation rate has been 5.3875%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Rp100 * (1 + 0.05)18 = Rp270.74

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 2003 was 43.33 and the CPI today is 117.44. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Rp100 *
= Rp270.74

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 ruphia in 2003 Rp2.71 ruphias today
Rp5 ruphias in 2003 Rp13.55 ruphias today
Rp10 ruphias in 2003 Rp27.1 ruphias today
Rp50 ruphias in 2003 Rp135.51 ruphias today
Rp100 ruphias in 2003 Rp271.02 ruphias today
Rp500 ruphias in 2003 Rp1,355.08 ruphias today
Rp1,000 ruphias in 2003 Rp2,710.17 ruphias today
Rp5,000 ruphias in 2003 Rp13,550.84 ruphias today
Rp10,000 ruphias in 2003 Rp27,101.69 ruphias today
Rp50,000 ruphias in 2003 Rp135,508.45 ruphias today
Rp100,000 ruphias in 2003 Rp271,016.9 ruphias today
Rp500,000 ruphias in 2003 Rp1,355,084.48 ruphias today
Rp1,000,000 ruphias in 2003 Rp2,710,168.96 ruphias today

Value of Ruphia over time (by year)

Period Value
2003 100
2004 105.16
2005 111.97
2006 131.09
2007 139.74
2008 148.94
2009 164.18
2010 168.75
2011 180.49
2012 187.33
2013 195.37
2014 210.46
2015 228.05
2016 235.7
2017 242.83
2018 251.59
2019 259.46
2020 266.51
2021 270.74
Today 271.02