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Value of 1996 Mexican Pesos today

$100 in 1996
$478.57 in 2022

The inflation rate in Mexico between 1996 and today has been 378.57%, which translates into a total increase of $378.57. This means that 100 pesos in 1996 are equivalent to 478.57 pesos in 2022. In other words, the purchasing power of $100 in 1996 equals $478.57 today. The average annual inflation rate between these periods has been 6.21%.

Inflation timeline in Mexico (1996 - 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 1996-2021 336.1%
Cumulative inflation 1996-today 378.57%
Avg. Annual inflation 1996-2021 6.07%
CPI 1996 29.7
CPI 2021 129.53
CPI 2022-08 (latest official data) 141.24
CPI today 142.15

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 1996 and 2021, use the corresponding CPI values:

Value2021
=Value1996 ×
CPI2021/CPI1996
=$ 100 ×
129.53/29.7
$436.1

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 142.15:

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=$ 100 ×
142.15/29.7
$478.57

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 25 years between 1996 and 2021 and the average inflation rate was 6.0678%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.060678)25
$436.1

Mexico inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1996 $4.36 pesos in 2021
$5 pesos in 1996 $21.81 pesos in 2021
$10 pesos in 1996 $43.61 pesos in 2021
$50 pesos in 1996 $218.05 pesos in 2021
$100 pesos in 1996 $436.1 pesos in 2021
$500 pesos in 1996 $2,180.51 pesos in 2021
$1,000 pesos in 1996 $4,361.02 pesos in 2021
$5,000 pesos in 1996 $21,805.11 pesos in 2021
$10,000 pesos in 1996 $43,610.22 pesos in 2021
$50,000 pesos in 1996 $218,051.12 pesos in 2021
$100,000 pesos in 1996 $436,102.24 pesos in 2021
$500,000 pesos in 1996 $2,180,511.22 pesos in 2021
$1,000,000 pesos in 1996 $4,361,022.44 pesos in 2021
Cumulative inflation From 1996 378.57%
Avg. annual inflation From 1996 6.21%
CPI 1996 29.7
CPI today 142.15

Value of Peso over time (by year)

Period Value
1996 100
1997 120.63
1998 139.84
1999 163.03
2000 178.51
2001 189.87
2002 199.43
2003 208.49
2004 218.27
2005 226.97
2006 235.21
2007 244.54
2008 257.07
2009 270.69
2010 281.94
2011 291.55
2012 303.54
2013 315.09
2014 327.75
2015 336.67
2016 346.17
2017 367.09
2018 385.07
2019 399.07
2020 412.63
2021 436.1
2022-08 475.51
Today 478.57

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: