Value of 1983 Mexican Pesos today

$100 in 1983

$62,896.19 in 2018

The inflation rate in Mexico between 1983 and today has been 62,796.19%, which translates into a total increase of $62,796.19. This means that 100 pesos in 1983 are equivalent to 62,896.19 pesos in 2018. In other words, the purchasing power of $100 in 1983 equals $62,896.19 today. The average annual inflation rate has been 19.6%.

Inflation timeline in Mexico (1983-2018)

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 (1983-2018) 60,317.47%
Total Inflation* 62,796.19%
Annual inflation avg. (1983-2018) 20.08%
Annual inflation avg.* 19.6%
CPI 1983 0.19
CPI 2018 112.11
CPI today* 116.71
$1 in 1983 $604.17 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 35 years between 1983 and 2018 and the average inflation rate has been 19.6023%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.2)35 = $60,417.47

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 1983 was 0.19 and the CPI today is 116.71. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
112.11/0.19
= $60,417.47

Mexico inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1983 $628.96 pesos today
$5 pesos in 1983 $3,144.81 pesos today
$10 pesos in 1983 $6,289.62 pesos today
$50 pesos in 1983 $31,448.09 pesos today
$100 pesos in 1983 $62,896.19 pesos today
$500 pesos in 1983 $314,480.94 pesos today
$1,000 pesos in 1983 $628,961.88 pesos today
$5,000 pesos in 1983 $3,144,809.39 pesos today
$10,000 pesos in 1983 $6,289,618.77 pesos today
$50,000 pesos in 1983 $31,448,093.86 pesos today
$100,000 pesos in 1983 $62,896,187.73 pesos today
$500,000 pesos in 1983 $314,480,938.63 pesos today
$1,000,000 pesos in 1983 $628,961,877.26 pesos today

Value of Peso in time (by year)

Period Value
1983 100
1984 180.78
1985 287.72
1986 471.14
1987 969.37
1988 2,512.29
1989 3,810.07
1990 4,560.55
1991 5,925.51
1992 7,039.18
1993 7,879.53
1994 8,510.62
1995 9,110.74
1996 13,845.24
1997 17,681.04
1998 20,460.23
1999 24,267.71
2000 27,257.16
2001 29,699.22
2002 31,007.02
2003 32,774.57
2004 34,077.86
2005 35,846.79
2006 37,041.47
2007 38,542.86
2008 39,991.71
2009 42,602.42
2010 44,124.83
2011 46,067.03
2012 47,826.21
2013 49,532.79
2014 51,501.25
2015 53,603.18
2016 54,745.34
2017 56,584.96
2018 60,417.47
Today 62,896.19