Value of 2003 Polish Zloty today

zł100 in 2003
zł198.4 in 2024

The inflation rate in Poland between 2003 and today has been 98.4%, which translates into a total increase of zł98.4. This means that 100 zloty in 2003 are equivalent to 198.4 zloty in 2024. In other words, the purchasing power of zł100 in 2003 equals zł198.4 today. The average annual inflation rate between these periods has been 3.32%.

Inflation timeline in Poland (2003 - 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 2003-2023 92.3%
Cumulative inflation 2003-today 98.4%
Avg. Annual inflation 2003-2023 3.32%
CPI 2003 76.06
CPI 2023 146.27
CPI 2024-04 (latest official data) 150.67
CPI today 150.91

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 2003 and 2023, use the corresponding CPI values:

Value2023
=Value2003 ×
CPI2023/CPI2003
=zł 100 ×
146.27/76.06
zł192.3

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 150.91:

Valuetoday
=Value2003 ×
CPItoday/CPI2003
=zł 100 ×
150.91/76.06
zł198.4

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 20 years between 2003 and 2023 and the average inflation rate was 3.3234%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=zł100 × (1 + 0.033234)20
zł192.3

Poland inflation - Conversion table

Initial Value Equivalent value
zł1 zloty in 2003 zł1.92 zloty in 2023
zł5 zloty in 2003 zł9.61 zloty in 2023
zł10 zloty in 2003 zł19.23 zloty in 2023
zł50 zloty in 2003 zł96.15 zloty in 2023
zł100 zloty in 2003 zł192.3 zloty in 2023
zł500 zloty in 2003 zł961.49 zloty in 2023
zł1,000 zloty in 2003 zł1,922.98 zloty in 2023
zł5,000 zloty in 2003 zł9,614.88 zloty in 2023
zł10,000 zloty in 2003 zł19,229.76 zloty in 2023
zł50,000 zloty in 2003 zł96,148.82 zloty in 2023
zł100,000 zloty in 2003 zł192,297.64 zloty in 2023
zł500,000 zloty in 2003 zł961,488.2 zloty in 2023
zł1,000,000 zloty in 2003 zł1,922,976.4 zloty in 2023
Cumulative inflation From 2003 98.4%
Avg. annual inflation From 2003 3.32%
CPI 2003 76.06
CPI today 150.91

Value of Zloty over time (by year)

Period Value
2003 100
2004 103.38
2005 105.64
2006 107
2007 109.63
2008 114.19
2009 118.53
2010 121.59
2011 126.74
2012 131.25
2013 132.56
2014 132.63
2015 131.47
2016 130.59
2017 133.31
2018 135.72
2019 138.75
2020 143.43
2021 150.68
2022 172.42
2023 192.3
2024-04 198.09
Today 198.4

All available years

Today's value of polish zloty by year:

1989 | 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: