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Value of 1999 Mexican Pesos today

$100 in 1999
$306.09 in 2023

The inflation rate in Mexico between 1999 and today has been 206.09%, which translates into a total increase of $206.09. This means that 100 pesos in 1999 are equivalent to 306.09 pesos in 2023. In other words, the purchasing power of $100 in 1999 equals $306.09 today. The average annual inflation rate between these periods has been 4.77%.

Inflation timeline in Mexico (1999 - 2023)

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 1999-2022 188.62%
Cumulative inflation 1999-today 206.09%
Avg. Annual inflation 1999-2022 4.72%
CPI 1999 48.42
CPI 2022 139.76
CPI 2023-08 (latest official data) 147.79
CPI today 148.22

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 1999 and 2022, use the corresponding CPI values:

Value2022
=Value1999 ×
CPI2022/CPI1999
=$ 100 ×
139.76/48.42
$288.62

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 148.22:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=$ 100 ×
148.22/48.42
$306.09

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 23 years between 1999 and 2022 and the average inflation rate was 4.7162%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=$100 × (1 + 0.047162)23
$288.62

Mexico inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1999 $2.89 pesos in 2022
$5 pesos in 1999 $14.43 pesos in 2022
$10 pesos in 1999 $28.86 pesos in 2022
$50 pesos in 1999 $144.31 pesos in 2022
$100 pesos in 1999 $288.62 pesos in 2022
$500 pesos in 1999 $1,443.08 pesos in 2022
$1,000 pesos in 1999 $2,886.16 pesos in 2022
$5,000 pesos in 1999 $14,430.8 pesos in 2022
$10,000 pesos in 1999 $28,861.6 pesos in 2022
$50,000 pesos in 1999 $144,307.98 pesos in 2022
$100,000 pesos in 1999 $288,615.96 pesos in 2022
$500,000 pesos in 1999 $1,443,079.79 pesos in 2022
$1,000,000 pesos in 1999 $2,886,159.57 pesos in 2022
Cumulative inflation From 1999 206.09%
Avg. annual inflation From 1999 4.77%
CPI 1999 48.42
CPI today 148.22

Value of Peso over time (by year)

Period Value
1999 100
2000 109.49
2001 116.46
2002 122.32
2003 127.88
2004 133.88
2005 139.22
2006 144.27
2007 150
2008 157.68
2009 166.04
2010 172.94
2011 178.83
2012 186.18
2013 193.27
2014 201.04
2015 206.51
2016 212.33
2017 225.16
2018 236.19
2019 244.78
2020 253.09
2021 267.49
2022 288.62
2023-08 305.2
Today 306.09

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 |

Other currencies: