Value of 2002 Mexican Pesos today

$100 in 2002

$202.84 in 2018

The inflation rate in Mexico between 2002 and today has been 102.84%, which translates into a total increase of $102.84. This means that 100 pesos in 2002 are equivalent to 202.84 pesos in 2018. In other words, the purchasing power of $100 in 2002 equals $202.84 today. The average annual inflation rate has been 4.25%.

Inflation timeline in Mexico (2002-2018)

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 (2002-2018) 94.85%
Total Inflation* 102.84%
Annual inflation avg. (2002-2018) 4.26%
Annual inflation avg.* 4.25%
CPI 2002 57.54
CPI 2018 112.11
CPI today* 116.71
$1 in 2002 $1.95 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 16 years between 2002 and 2018 and the average inflation rate has been 4.2482%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.04)16 = $194.85

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 2002 was 57.54 and the CPI today is 116.71. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
112.11/57.54
= $194.85

Mexico inflation - Conversion table

Initial Value Equivalent value
$1 peso in 2002 $2.03 pesos today
$5 pesos in 2002 $10.14 pesos today
$10 pesos in 2002 $20.28 pesos today
$50 pesos in 2002 $101.42 pesos today
$100 pesos in 2002 $202.84 pesos today
$500 pesos in 2002 $1,014.22 pesos today
$1,000 pesos in 2002 $2,028.45 pesos today
$5,000 pesos in 2002 $10,142.25 pesos today
$10,000 pesos in 2002 $20,284.5 pesos today
$50,000 pesos in 2002 $101,422.49 pesos today
$100,000 pesos in 2002 $202,844.99 pesos today
$500,000 pesos in 2002 $1,014,224.94 pesos today
$1,000,000 pesos in 2002 $2,028,449.89 pesos today

Value of Peso in time (by year)

Period Value
2002 100
2003 105.7
2004 109.9
2005 115.61
2006 119.46
2007 124.3
2008 128.98
2009 137.4
2010 142.31
2011 148.57
2012 154.24
2013 159.75
2014 166.1
2015 172.87
2016 176.56
2017 182.49
2018 194.85
Today 202.84