Value of 1993 Mexican Pesos today

$100 in 1993

$798.22 in 2018

The inflation rate in Mexico between 1993 and today has been 698.22%, which translates into a total increase of $698.22. This means that 100 pesos in 1993 are equivalent to 798.22 pesos in 2018. In other words, the purchasing power of $100 in 1993 equals $798.22 today. The average annual inflation rate has been 8.32%.

Inflation timeline in Mexico (1993-2018)

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 (1993-2018) 666.77%
Total Inflation* 698.22%
Annual inflation avg. (1993-2018) 8.49%
Annual inflation avg.* 8.32%
CPI 1993 14.62
CPI 2018 112.11
CPI today* 116.71
$1 in 1993 $7.67 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 25 years between 1993 and 2018 and the average inflation rate has been 8.3171%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.08)25 = $766.77

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 1993 was 14.62 and the CPI today is 116.71. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
112.11/14.62
= $766.77

Mexico inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1993 $7.98 pesos today
$5 pesos in 1993 $39.91 pesos today
$10 pesos in 1993 $79.82 pesos today
$50 pesos in 1993 $399.11 pesos today
$100 pesos in 1993 $798.22 pesos today
$500 pesos in 1993 $3,991.11 pesos today
$1,000 pesos in 1993 $7,982.23 pesos today
$5,000 pesos in 1993 $39,911.14 pesos today
$10,000 pesos in 1993 $79,822.29 pesos today
$50,000 pesos in 1993 $399,111.44 pesos today
$100,000 pesos in 1993 $798,222.89 pesos today
$500,000 pesos in 1993 $3,991,114.43 pesos today
$1,000,000 pesos in 1993 $7,982,228.87 pesos today

Value of Peso in time (by year)

Period Value
1993 100
1994 108.01
1995 115.63
1996 175.71
1997 224.39
1998 259.66
1999 307.98
2000 345.92
2001 376.92
2002 393.51
2003 415.95
2004 432.49
2005 454.94
2006 470.1
2007 489.15
2008 507.54
2009 540.67
2010 559.99
2011 584.64
2012 606.97
2013 628.63
2014 653.61
2015 680.28
2016 694.78
2017 718.13
2018 766.77
Today 798.22