Rp

Value of 2003 Indonesian Ruphias today

Rp100 in 2003
Rp277.5 in 2022

The inflation rate in Indonesia between 2003 and today has been 177.5%, which translates into a total increase of Rp177.5. This means that 100 ruphias in 2003 are equivalent to 277.5 ruphias in 2022. In other words, the purchasing power of Rp100 in 2003 equals Rp277.5 today. The average annual inflation rate between these periods has been 5.52%.

Inflation timeline in Indonesia (2003 - 2022)

The following chart depicts the equivalence of Rp100 due to compound 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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 2003-2021 166.91%
Cumulative inflation 2003-today 177.5%
Avg. Annual inflation 2003-2021 5.61%
CPI 2003 44.32
CPI 2021 118.28
CPI 2022-05 (latest official data) 122.58
CPI today 122.97

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

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 2003 and 2021, use the corresponding CPI values:

Value2021
=Value2003 ×
CPI2021/CPI2003
=Rp 100 ×
118.28/44.32
Rp266.91

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.97:

Valuetoday
=Value2003 ×
CPItoday/CPI2003
=Rp 100 ×
122.97/44.32
Rp277.5

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: 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 was 5.6055%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=Rp100 × (1 + 0.056055)18
Rp266.91

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 ruphia in 2003 Rp2.67 ruphias in 2021
Rp5 ruphias in 2003 Rp13.35 ruphias in 2021
Rp10 ruphias in 2003 Rp26.69 ruphias in 2021
Rp50 ruphias in 2003 Rp133.45 ruphias in 2021
Rp100 ruphias in 2003 Rp266.91 ruphias in 2021
Rp500 ruphias in 2003 Rp1,334.53 ruphias in 2021
Rp1,000 ruphias in 2003 Rp2,669.05 ruphias in 2021
Rp5,000 ruphias in 2003 Rp13,345.26 ruphias in 2021
Rp10,000 ruphias in 2003 Rp26,690.52 ruphias in 2021
Rp50,000 ruphias in 2003 Rp133,452.6 ruphias in 2021
Rp100,000 ruphias in 2003 Rp266,905.2 ruphias in 2021
Rp500,000 ruphias in 2003 Rp1,334,526.01 ruphias in 2021
Rp1,000,000 ruphias in 2003 Rp2,669,052.01 ruphias in 2021
Cumulative inflation From 2003 177.5%
Avg. annual inflation From 2003 5.52%
CPI 2003 44.32
CPI today 122.97

Value of Ruphia over time (by year)

Period Value
2003 100
2004 106.06
2005 117.15
2006 132.51
2007 141
2008 155.42
2009 162.23
2010 170.56
2011 179.7
2012 187.39
2013 199.41
2014 212.16
2015 225.66
2016 233.61
2017 242.51
2018 250.27
2019 257.85
2020 262.81
2021 266.91
2022-05 276.61
Today 277.5

All available years

Today's value of indonesian ruphias by year:

1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

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