# Value of 1993 Polish Zloty today

zł400 in 1993

zł2,217.99 in 2020

The inflation rate in Poland between 1993 and today has been 454.5%, which translates into a total increase of zł1,817.99. This means that 400 zloty in 1993 are equivalent to 2,217.99 zloty in 2020. In other words, the purchasing power of zł400 in 1993 equals zł2,217.99 today. The average annual inflation rate has been 6.31%.

## Inflation timeline in Poland (1993-2020)

The following chart depicts the equivalence of zł400 throughout the years due to 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 (PLN) 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 (1993-2020) 453.85%
Total Inflation* 454.5%
Annual inflation avg. (1993-2020) 6.55%
Annual inflation avg.* 6.31%
CPI 1993 19.34
CPI 2020 107.12
CPI today* 107.25
zł1 in 1993 zł5.54 in 2020

* 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 with 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 zł400 worth today. There are 27 years between 1993 and 2020 and the average inflation rate has been 6.3085%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = zł400 * (1 + 0.06)27 = zł2,215.42

#### 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 1993 was 19.34 and the CPI today is 107.25. Therefore,

Final value = Initial value *
CPI final/CPI initial
= zł400 *
107.12/19.34
= zł2,215.42

### Poland inflation - Conversion table

Initial Value Equivalent value
zł1 zloty in 1993 zł5.54 zloty today
zł5 zloty in 1993 zł27.72 zloty today
zł10 zloty in 1993 zł55.45 zloty today
zł50 zloty in 1993 zł277.25 zloty today
zł100 zloty in 1993 zł554.5 zloty today
zł500 zloty in 1993 zł2,772.49 zloty today
zł1,000 zloty in 1993 zł5,544.97 zloty today
zł5,000 zloty in 1993 zł27,724.87 zloty today
zł10,000 zloty in 1993 zł55,449.74 zloty today
zł50,000 zloty in 1993 zł277,248.69 zloty today
zł100,000 zloty in 1993 zł554,497.39 zloty today
zł500,000 zloty in 1993 zł2,772,486.95 zloty today
zł1,000,000 zloty in 1993 zł5,544,973.89 zloty today

Period Value
1993 400
1994 549.82
1995 709.82
1996 866.91
1997 1,028.36
1998 1,160.73
1999 1,258.18
2000 1,378.91
2001 1,495.27
2002 1,549.09
2003 1,560.73
2004 1,585.45
2005 1,652.36
2006 1,666.91
2007 1,690.18
2008 1,755.84
2009 1,811.39
2010 1,878.73
2011 1,937.65
2012 2,026.87
2013 2,074.01
2014 2,089.16
2015 2,070.64
2016 2,057.17
2017 2,075.69
2018 2,121.14
2019 2,146.4
2020 2,215.42
Today 2,217.99