Rp

Value of 2015 Indonesian Rupiahs today

Rp100 in 2015
Rp129.73 in 2024

The inflation rate in Indonesia between 2015 and today has been 29.73%, which translates into a total increase of Rp29.73. This means that 100 rupiahs in 2015 are equivalent to 129.73 rupiahs in 2024. In other words, the purchasing power of Rp100 in 2015 equals Rp129.73 today. The average annual inflation rate between these periods has been 2.93%.

Inflation timeline in Indonesia (2015 - 2024)

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 2015-2023 27.78%
Cumulative inflation 2015-today 29.73%
Avg. Annual inflation 2015-2023 3.11%
CPI 2015 100
CPI 2023 127.78
CPI 2023-12 (latest official data) 129.4
CPI today 129.73

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 2015 and 2023, use the corresponding CPI values:

Value2023
=Value2015 ×
CPI2023/CPI2015
=Rp 100 ×
127.78/100
Rp127.78

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 129.73:

Valuetoday
=Value2015 ×
CPItoday/CPI2015
=Rp 100 ×
129.73/100
Rp129.73

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 8 years between 2015 and 2023 and the average inflation rate was 3.1119%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Rp100 × (1 + 0.031119)8
Rp127.78

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 2015 Rp1.28 rupiahs in 2023
Rp5 rupiahs in 2015 Rp6.39 rupiahs in 2023
Rp10 rupiahs in 2015 Rp12.78 rupiahs in 2023
Rp50 rupiahs in 2015 Rp63.89 rupiahs in 2023
Rp100 rupiahs in 2015 Rp127.78 rupiahs in 2023
Rp500 rupiahs in 2015 Rp638.91 rupiahs in 2023
Rp1,000 rupiahs in 2015 Rp1,277.82 rupiahs in 2023
Rp5,000 rupiahs in 2015 Rp6,389.1 rupiahs in 2023
Rp10,000 rupiahs in 2015 Rp12,778.19 rupiahs in 2023
Rp50,000 rupiahs in 2015 Rp63,890.95 rupiahs in 2023
Rp100,000 rupiahs in 2015 Rp127,781.9 rupiahs in 2023
Rp500,000 rupiahs in 2015 Rp638,909.5 rupiahs in 2023
Rp1,000,000 rupiahs in 2015 Rp1,277,819 rupiahs in 2023
Cumulative inflation From 2015 29.73%
Avg. annual inflation From 2015 2.93%
CPI 2015 100
CPI today 129.73

Value of Rupiah over time (by year)

Period Value
2015 100
2016 103.53
2017 107.47
2018 110.91
2019 114.27
2020 116.46
2021 118.28
2022 123.26
2023 127.78
2023-12 129.4
Today 129.73

All available years

Today's value of indonesian rupiahs 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 | 2022 | 2023 |

Other currencies: