Value of 2002 Polish Zloty today

zł100 in 2002

zł138.56 in 2018

The inflation rate in Poland between 2002 and today has been 38.56%, which translates into a total increase of zł38.56. This means that 100 zloty in 2002 are equivalent to 138.56 zloty in 2018. In other words, the purchasing power of zł100 in 2002 equals zł138.56 today. The average annual inflation rate has been 1.94%.

Inflation timeline in Poland (2002-2018)

The following chart ilustrates the equivalence of zł100 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 (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 (2002-2018) 36.93%
Total Inflation* 38.56%
Annual inflation avg. (2002-2018) 1.98%
Annual inflation avg.* 1.94%
CPI 2002 74.9
CPI 2018 102.56
CPI today* 103.79
zł1 in 2002 zł1.37 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 zł100 worth today. There are 16 years between 2002 and 2018 and the average inflation rate has been 1.9369%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = zł100 * (1 + 0.02)16 = zł136.93

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 74.9 and the CPI today is 103.79. Therefore,

Final value = Initial value *
CPI final/CPI initial
= zł100 *
102.56/74.9
= zł136.93

Poland inflation - Conversion table

Initial Value Equivalent value
zł1 zloty in 2002 zł1.39 zloty today
zł5 zloty in 2002 zł6.93 zloty today
zł10 zloty in 2002 zł13.86 zloty today
zł50 zloty in 2002 zł69.28 zloty today
zł100 zloty in 2002 zł138.56 zloty today
zł500 zloty in 2002 zł692.8 zloty today
zł1,000 zloty in 2002 zł1,385.59 zloty today
zł5,000 zloty in 2002 zł6,927.96 zloty today
zł10,000 zloty in 2002 zł13,855.93 zloty today
zł50,000 zloty in 2002 zł69,279.63 zloty today
zł100,000 zloty in 2002 zł138,559.27 zloty today
zł500,000 zloty in 2002 zł692,796.35 zloty today
zł1,000,000 zloty in 2002 zł1,385,592.69 zloty today

Value of Zloty in time (by year)

Period Value
2002 100
2003 100.75
2004 102.35
2005 106.67
2006 107.61
2007 109.11
2008 113.35
2009 116.93
2010 121.28
2011 125.08
2012 130.84
2013 133.89
2014 134.86
2015 133.67
2016 132.8
2017 133.99
2018 136.93
Today 138.56