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# Value of 1997 Mexican Pesos today

\$100 in 1997
\$436.09 in 2024

The inflation rate in Mexico between 1997 and today has been 336.09%, which translates into a total increase of \$336.09. This means that 100 pesos in 1997 are equivalent to 436.09 pesos in 2024. In other words, the purchasing power of \$100 in 1997 equals \$436.09 today. The average annual inflation rate between these periods has been 5.61%.

## Inflation timeline in Mexico (1997 - 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 1997-2023 311.64%
Cumulative inflation 1997-today 336.09%
Avg. Annual inflation 1997-2023 5.59%
CPI 1997 35.83
CPI 2023 147.49
CPI 2024-07 (latest official data) 155.16
CPI today 156.25

## 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 1997 and 2023, use the corresponding CPI values:

Value2023
=Value1997 ×
CPI2023/CPI1997
=\$ 100 ×
147.49/35.83
\$411.64

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 156.25:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=\$ 100 ×
156.25/35.83
\$436.09

### 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 26 years between 1997 and 2023 and the average inflation rate was 5.5931%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=\$100 × (1 + 0.055931)26
\$411.64

## Mexico inflation - Conversion table

Initial Value Equivalent value
\$1 peso in 1997 \$4.12 pesos in 2023
\$5 pesos in 1997 \$20.58 pesos in 2023
\$10 pesos in 1997 \$41.16 pesos in 2023
\$50 pesos in 1997 \$205.82 pesos in 2023
\$100 pesos in 1997 \$411.64 pesos in 2023
\$500 pesos in 1997 \$2,058.22 pesos in 2023
\$1,000 pesos in 1997 \$4,116.45 pesos in 2023
\$5,000 pesos in 1997 \$20,582.25 pesos in 2023
\$10,000 pesos in 1997 \$41,164.5 pesos in 2023
\$50,000 pesos in 1997 \$205,822.49 pesos in 2023
\$100,000 pesos in 1997 \$411,644.97 pesos in 2023
\$500,000 pesos in 1997 \$2,058,224.85 pesos in 2023
\$1,000,000 pesos in 1997 \$4,116,449.7 pesos in 2023
 Cumulative inflation From 1997 336.09% Avg. annual inflation From 1997 5.61% CPI 1997 35.83 CPI today 156.25

### Value of Peso over time (by year)

Period Value
1997 100
1998 115.93
1999 135.16
2000 147.98
2001 157.41
2002 165.33
2003 172.84
2004 180.95
2005 188.16
2006 194.99
2007 202.73
2008 213.12
2009 224.41
2010 233.74
2011 241.7
2012 251.64
2013 261.22
2014 271.71
2015 279.1
2016 286.98
2017 304.32
2018 319.23
2019 330.83
2020 342.07
2021 361.53
2022 390.08
2023 411.64
2024-07 433.05
Today 436.09

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 |

Other currencies: