Rp

Value of 2004 Indonesian Ruphias today

Rp100 in 2004
Rp261.51 in 2022

The inflation rate in Indonesia between 2004 and today has been 161.51%, which translates into a total increase of Rp161.51. This means that 100 ruphias in 2004 are equivalent to 261.51 ruphias in 2022. In other words, the purchasing power of Rp100 in 2004 equals Rp261.51 today. The average annual inflation rate between these periods has been 5.49%.

Inflation timeline in Indonesia (2004 - 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 2004-2021 151.65%
Cumulative inflation 2004-today 161.51%
Avg. Annual inflation 2004-2021 5.58%
CPI 2004 47
CPI 2021 118.28
CPI 2022-05 (latest official data) 122.58
CPI today 122.91

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 2004 and 2021, use the corresponding CPI values:

Value2021
=Value2004 ×
CPI2021/CPI2004
=Rp 100 ×
118.28/47
Rp251.65

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.91:

Valuetoday
=Value2004 ×
CPItoday/CPI2004
=Rp 100 ×
122.91/47
Rp261.51

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 17 years between 2004 and 2021 and the average inflation rate was 5.5786%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=Rp100 × (1 + 0.055786)17
Rp251.65

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 ruphia in 2004 Rp2.52 ruphias in 2021
Rp5 ruphias in 2004 Rp12.58 ruphias in 2021
Rp10 ruphias in 2004 Rp25.16 ruphias in 2021
Rp50 ruphias in 2004 Rp125.82 ruphias in 2021
Rp100 ruphias in 2004 Rp251.65 ruphias in 2021
Rp500 ruphias in 2004 Rp1,258.23 ruphias in 2021
Rp1,000 ruphias in 2004 Rp2,516.45 ruphias in 2021
Rp5,000 ruphias in 2004 Rp12,582.26 ruphias in 2021
Rp10,000 ruphias in 2004 Rp25,164.53 ruphias in 2021
Rp50,000 ruphias in 2004 Rp125,822.65 ruphias in 2021
Rp100,000 ruphias in 2004 Rp251,645.29 ruphias in 2021
Rp500,000 ruphias in 2004 Rp1,258,226.45 ruphias in 2021
Rp1,000,000 ruphias in 2004 Rp2,516,452.9 ruphias in 2021
Cumulative inflation From 2004 161.51%
Avg. annual inflation From 2004 5.49%
CPI 2004 47
CPI today 122.91

Value of Ruphia over time (by year)

Period Value
2004 100
2005 110.45
2006 124.93
2007 132.94
2008 146.53
2009 152.96
2010 160.81
2011 169.42
2012 176.68
2013 188
2014 200.03
2015 212.76
2016 220.26
2017 228.65
2018 235.96
2019 243.11
2020 247.78
2021 251.65
2022-05 260.8
Today 261.51

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 |

Other currencies: