Value of 1999 Polish Zloty today

zł1,000,000 in 1999
zł2,329,025.68 in 2024

The inflation rate in Poland between 1999 and today has been 132.9%, which translates into a total increase of zł1,329,025.68. This means that 1,000,000 zloty in 1999 are equivalent to 2,329,025.68 zloty in 2024. In other words, the purchasing power of zł1,000,000 in 1999 equals zł2,329,025.68 today. The average annual inflation rate between these periods has been 3.44%.

Inflation timeline in Poland (1999 - 2024)

The following chart depicts the equivalence of zł1,000,000 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 1999-2023 128.56%
Cumulative inflation 1999-today 132.9%
Avg. Annual inflation 1999-2023 3.5%
CPI 1999 64
CPI 2023 146.27
CPI 2024-02 (latest official data) 148.72
CPI today 149.05

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 2023, use the corresponding CPI values:

Value2023
=Value1999 ×
CPI2023/CPI1999
=zł 1,000,000 ×
146.27/64
zł2,285,592.67

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 149.05:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=zł 1,000,000 ×
149.05/64
zł2,329,025.68

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 zł1,000,000 worth today. There are 24 years between 1999 and 2023 and the average inflation rate was 3.5043%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=zł1,000,000 × (1 + 0.035043)24
zł2,285,592.67

Poland inflation - Conversion table

Initial Value Equivalent value
zł1 zloty in 1999 zł2.29 zloty in 2023
zł5 zloty in 1999 zł11.43 zloty in 2023
zł10 zloty in 1999 zł22.86 zloty in 2023
zł50 zloty in 1999 zł114.28 zloty in 2023
zł100 zloty in 1999 zł228.56 zloty in 2023
zł500 zloty in 1999 zł1,142.8 zloty in 2023
zł1,000 zloty in 1999 zł2,285.59 zloty in 2023
zł5,000 zloty in 1999 zł11,427.96 zloty in 2023
zł10,000 zloty in 1999 zł22,855.93 zloty in 2023
zł50,000 zloty in 1999 zł114,279.63 zloty in 2023
zł100,000 zloty in 1999 zł228,559.27 zloty in 2023
zł500,000 zloty in 1999 zł1,142,796.34 zloty in 2023
zł1,000,000 zloty in 1999 zł2,285,592.67 zloty in 2023
Cumulative inflation From 1999 132.9%
Avg. annual inflation From 1999 3.44%
CPI 1999 64
CPI today 149.05

Value of Zloty over time (by year)

Period Value
1999 1,000,000
2000 1,099,001.69
2001 1,158,439.46
2002 1,180,510.93
2003 1,188,570.32
2004 1,228,775.53
2005 1,255,609.48
2006 1,271,740.13
2007 1,303,009.02
2008 1,357,278.98
2009 1,408,792.99
2010 1,445,149.69
2011 1,506,415.38
2012 1,560,049.37
2013 1,575,525.29
2014 1,576,372.21
2015 1,562,593.27
2016 1,552,205.77
2017 1,584,428.95
2018 1,613,154.1
2019 1,649,085.93
2020 1,704,734.56
2021 1,790,908.46
2022 2,049,327.01
2023 2,285,592.67
2024-02 2,323,855.89
Today 2,329,025.68

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 |

Other currencies: