Value of 1998 Polish Zloty today

zł100 in 1998
zł248.97 in 2024

The inflation rate in Poland between 1998 and today has been 148.97%, which translates into a total increase of zł148.97. This means that 100 zloty in 1998 are equivalent to 248.97 zloty in 2024. In other words, the purchasing power of zł100 in 1998 equals zł248.97 today. The average annual inflation rate between these periods has been 3.57%.

Inflation timeline in Poland (1998 - 2024)

The following chart depicts the equivalence of zł100 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 (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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1998-2023 144.91%
Cumulative inflation 1998-today 148.97%
Avg. Annual inflation 1998-2023 3.65%
CPI 1998 59.72
CPI 2023 146.27
CPI 2023-12 (latest official data) 147.74
CPI today 148.69

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 1998 and 2023, use the corresponding CPI values:

Value2023
=Value1998 ×
CPI2023/CPI1998
=zł 100 ×
146.27/59.72
zł244.91

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 148.69:

Valuetoday
=Value1998 ×
CPItoday/CPI1998
=zł 100 ×
148.69/59.72
zł248.97

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 zł100 worth today. There are 25 years between 1998 and 2023 and the average inflation rate was 3.6479%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=zł100 × (1 + 0.036479)25
zł244.91

Poland inflation - Conversion table

Initial Value Equivalent value
zł1 zloty in 1998 zł2.45 zloty in 2023
zł5 zloty in 1998 zł12.25 zloty in 2023
zł10 zloty in 1998 zł24.49 zloty in 2023
zł50 zloty in 1998 zł122.46 zloty in 2023
zł100 zloty in 1998 zł244.91 zloty in 2023
zł500 zloty in 1998 zł1,224.55 zloty in 2023
zł1,000 zloty in 1998 zł2,449.11 zloty in 2023
zł5,000 zloty in 1998 zł12,245.53 zloty in 2023
zł10,000 zloty in 1998 zł24,491.06 zloty in 2023
zł50,000 zloty in 1998 zł122,455.29 zloty in 2023
zł100,000 zloty in 1998 zł244,910.59 zloty in 2023
zł500,000 zloty in 1998 zł1,224,552.94 zloty in 2023
zł1,000,000 zloty in 1998 zł2,449,105.89 zloty in 2023
Cumulative inflation From 1998 148.97%
Avg. annual inflation From 1998 3.57%
CPI 1998 59.72
CPI today 148.69

Value of Zloty over time (by year)

Period Value
1998 100
1999 107.15
2000 117.76
2001 124.13
2002 126.5
2003 127.36
2004 131.67
2005 134.54
2006 136.27
2007 139.62
2008 145.44
2009 150.96
2010 154.85
2011 161.42
2012 167.17
2013 168.82
2014 168.91
2015 167.44
2016 166.33
2017 169.78
2018 172.86
2019 176.71
2020 182.67
2021 191.9
2022 219.59
2023 244.91
2023-12 247.38
Today 248.97

All available years

Today's value of polish zloty by year:

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 |

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