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Value of 1994 Mexican Pesos today

$100 in 1994
$926.7 in 2024

The inflation rate in Mexico between 1994 and today has been 826.7%, which translates into a total increase of $826.7. This means that 100 pesos in 1994 are equivalent to 926.7 pesos in 2024. In other words, the purchasing power of $100 in 1994 equals $926.7 today. The average annual inflation rate between these periods has been 7.7%.

Inflation timeline in Mexico (1994 - 2024)

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 1994-2023 800.79%
Cumulative inflation 1994-today 826.7%
Avg. Annual inflation 1994-2023 7.87%
CPI 1994 16.37
CPI 2023 147.49
CPI 2023-12 (latest official data) 151.02
CPI today 151.73

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 1994 and 2023, use the corresponding CPI values:

Value2023
=Value1994 ×
CPI2023/CPI1994
=$ 100 ×
147.49/16.37
$900.79

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 151.73:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=$ 100 ×
151.73/16.37
$926.7

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 29 years between 1994 and 2023 and the average inflation rate was 7.8743%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.078743)29
$900.79

Mexico inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1994 $9.01 pesos in 2023
$5 pesos in 1994 $45.04 pesos in 2023
$10 pesos in 1994 $90.08 pesos in 2023
$50 pesos in 1994 $450.39 pesos in 2023
$100 pesos in 1994 $900.79 pesos in 2023
$500 pesos in 1994 $4,503.95 pesos in 2023
$1,000 pesos in 1994 $9,007.89 pesos in 2023
$5,000 pesos in 1994 $45,039.47 pesos in 2023
$10,000 pesos in 1994 $90,078.95 pesos in 2023
$50,000 pesos in 1994 $450,394.73 pesos in 2023
$100,000 pesos in 1994 $900,789.46 pesos in 2023
$500,000 pesos in 1994 $4,503,947.31 pesos in 2023
$1,000,000 pesos in 1994 $9,007,894.63 pesos in 2023
Cumulative inflation From 1994 826.7%
Avg. annual inflation From 1994 7.7%
CPI 1994 16.37
CPI today 151.73

Value of Peso over time (by year)

Period Value
1994 100
1995 135
1996 181.41
1997 218.83
1998 253.68
1999 295.76
2000 323.83
2001 344.45
2002 361.78
2003 378.23
2004 395.96
2005 411.75
2006 426.7
2007 443.62
2008 466.36
2009 491.06
2010 511.47
2011 528.9
2012 550.65
2013 571.61
2014 594.58
2015 610.76
2016 627.99
2017 665.93
2018 698.56
2019 723.95
2020 748.55
2021 791.13
2022 853.6
2023 900.79
2023-12 922.34
Today 926.7

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 | 2022 | 2023 |

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