Value of 1973 Mexican Pesos today

$100 in 1973

$728,571.03 in 2018

The inflation rate in Mexico between 1973 and today has been 728,471.03%, which translates into a total increase of $728,471.03. This means that 100 pesos in 1973 are equivalent to 728,571.03 pesos in 2018. In other words, the purchasing power of $100 in 1973 equals $728,571.03 today. The average annual inflation rate has been 21.33%.

Inflation timeline in Mexico (1973-2018)

The following chart ilustrates the equivalence of $100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (MXN) 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 (1973-2018) 699,758.3%
Total Inflation* 728,471.03%
Annual inflation avg. (1973-2018) 21.74%
Annual inflation avg.* 21.33%
CPI 1973 0.02
CPI 2018 112.11
CPI today* 116.71
$1 in 1973 $6,998.58 in 2018

* 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 in 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 $100 worth today. There are 45 years between 1973 and 2018 and the average inflation rate has been 21.3296%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.21)45 = $699,858.3

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 1973 was 0.02 and the CPI today is 116.71. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
112.11/0.02
= $699,858.3

Mexico inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1973 $7,285.71 pesos today
$5 pesos in 1973 $36,428.55 pesos today
$10 pesos in 1973 $72,857.1 pesos today
$50 pesos in 1973 $364,285.52 pesos today
$100 pesos in 1973 $728,571.03 pesos today
$500 pesos in 1973 $3,642,855.16 pesos today
$1,000 pesos in 1973 $7,285,710.32 pesos today
$5,000 pesos in 1973 $36,428,551.62 pesos today
$10,000 pesos in 1973 $72,857,103.25 pesos today
$50,000 pesos in 1973 $364,285,516.24 pesos today
$100,000 pesos in 1973 $728,571,032.47 pesos today
$500,000 pesos in 1973 $3,642,855,162.36 pesos today
$1,000,000 pesos in 1973 $7,285,710,324.71 pesos today

Value of Peso in time (by year)

Period Value
1973 100
1974 121.37
1975 146.37
1976 162.92
1977 207.24
1978 250.05
1979 290.48
1980 348.64
1981 452.7
1982 582.55
1983 1,158.37
1984 2,094.08
1985 3,332.87
1986 5,457.55
1987 11,228.85
1988 29,101.58
1989 44,134.7
1990 52,828.1
1991 68,639.35
1992 81,539.81
1993 91,274.13
1994 98,584.48
1995 105,536.19
1996 160,379.23
1997 204,811.95
1998 237,005.34
1999 281,110.02
2000 315,739.01
2001 344,027.03
2002 359,176.25
2003 379,651.05
2004 394,747.96
2005 415,238.74
2006 429,077.56
2007 446,469.24
2008 463,252.22
2009 493,493.99
2010 511,129.12
2011 533,626.95
2012 554,004.87
2013 573,773.4
2014 596,575.36
2015 620,923.5
2016 634,154
2017 655,463.65
2018 699,858.3
Today 728,571.03