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Value of 1993 Mexican Pesos today

$100 in 1993
$908.23 in 2022

The inflation rate in Mexico between 1993 and today has been 808.23%, which translates into a total increase of $808.23. This means that 100 pesos in 1993 are equivalent to 908.23 pesos in 2022. In other words, the purchasing power of $100 in 1993 equals $908.23 today. The average annual inflation rate between these periods has been 7.9%.

Inflation timeline in Mexico (1993 - 2022)

The following chart depicts the equivalence of $100 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 (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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1993-2021 746.24%
Cumulative inflation 1993-today 808.23%
Avg. Annual inflation 1993-2021 7.93%
CPI 1993 15.31
CPI 2021 129.53
CPI 2022-05 (latest official data) 138.07
CPI today 139.02

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 1993 and 2021, use the corresponding CPI values:

Value2021
=Value1993 ×
CPI2021/CPI1993
=$ 100 ×
129.53/15.31
$846.24

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 139.02:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=$ 100 ×
139.02/15.31
$908.23

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 $100 worth today. There are 28 years between 1993 and 2021 and the average inflation rate was 7.9257%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.079257)28
$846.24

Mexico inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1993 $8.46 pesos in 2021
$5 pesos in 1993 $42.31 pesos in 2021
$10 pesos in 1993 $84.62 pesos in 2021
$50 pesos in 1993 $423.12 pesos in 2021
$100 pesos in 1993 $846.24 pesos in 2021
$500 pesos in 1993 $4,231.21 pesos in 2021
$1,000 pesos in 1993 $8,462.41 pesos in 2021
$5,000 pesos in 1993 $42,312.07 pesos in 2021
$10,000 pesos in 1993 $84,624.13 pesos in 2021
$50,000 pesos in 1993 $423,120.67 pesos in 2021
$100,000 pesos in 1993 $846,241.34 pesos in 2021
$500,000 pesos in 1993 $4,231,206.69 pesos in 2021
$1,000,000 pesos in 1993 $8,462,413.38 pesos in 2021
Cumulative inflation From 1993 808.23%
Avg. annual inflation From 1993 7.9%
CPI 1993 15.31
CPI today 139.02

Value of Peso over time (by year)

Period Value
1993 100
1994 106.97
1995 144.4
1996 194.05
1997 234.07
1998 271.35
1999 316.36
2000 346.39
2001 368.44
2002 386.98
2003 404.57
2004 423.54
2005 440.43
2006 456.42
2007 474.52
2008 498.84
2009 525.27
2010 547.1
2011 565.75
2012 589.01
2013 611.43
2014 636
2015 653.3
2016 671.73
2017 712.32
2018 747.22
2019 774.38
2020 800.69
2021 846.24
2022-05 901.99
Today 908.23

All available years

Today's value of mexican pesos 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: