Value of 1974 Mexican Pesos today

$100 in 1974

$600,281.11 in 2018

The inflation rate in Mexico between 1974 and today has been 600,181.11%, which translates into a total increase of $600,181.11. This means that 100 pesos in 1974 are equivalent to 600,281.11 pesos in 2018. In other words, the purchasing power of $100 in 1974 equals $600,281.11 today. The average annual inflation rate has been 21.33%.

Inflation timeline in Mexico (1974-2018)

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 (1974-2018) 576,524.24%
Total Inflation* 600,181.11%
Annual inflation avg. (1974-2018) 21.75%
Annual inflation avg.* 21.33%
CPI 1974 0.02
CPI 2018 112.11
CPI today* 116.71
$1 in 1974 $5,766.24 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 44 years between 1974 and 2018 and the average inflation rate has been 21.3287%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.21)44 = $576,624.24

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 1974 was 0.02 and the CPI today is 116.71. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
112.11/0.02
= $576,624.24

Mexico inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1974 $6,002.81 pesos today
$5 pesos in 1974 $30,014.06 pesos today
$10 pesos in 1974 $60,028.11 pesos today
$50 pesos in 1974 $300,140.55 pesos today
$100 pesos in 1974 $600,281.11 pesos today
$500 pesos in 1974 $3,001,405.55 pesos today
$1,000 pesos in 1974 $6,002,811.1 pesos today
$5,000 pesos in 1974 $30,014,055.49 pesos today
$10,000 pesos in 1974 $60,028,110.98 pesos today
$50,000 pesos in 1974 $300,140,554.91 pesos today
$100,000 pesos in 1974 $600,281,109.81 pesos today
$500,000 pesos in 1974 $3,001,405,549.07 pesos today
$1,000,000 pesos in 1974 $6,002,811,098.15 pesos today

Value of Peso in time (by year)

Period Value
1974 100
1975 120.6
1976 134.23
1977 170.75
1978 206.02
1979 239.33
1980 287.25
1981 372.99
1982 479.97
1983 954.4
1984 1,725.35
1985 2,746
1986 4,496.56
1987 9,251.62
1988 23,977.25
1989 36,363.27
1990 43,525.9
1991 56,553.03
1992 67,181.93
1993 75,202.19
1994 81,225.3
1995 86,952.92
1996 132,138.96
1997 168,747.78
1998 195,272.42
1999 231,610.96
2000 260,142.32
2001 283,449.27
2002 295,930.95
2003 312,800.46
2004 325,239.04
2005 342,121.72
2006 353,523.74
2007 367,853.02
2008 381,680.78
2009 406,597.45
2010 421,127.31
2011 439,663.62
2012 456,453.31
2013 472,740.91
2014 491,527.8
2015 511,588.62
2016 522,489.43
2017 540,046.79
2018 576,624.24
Today 600,281.11