Value of 2003 Polish Zloty today

zł100 in 2003

zł137.64 in 2019

The inflation rate in Poland between 2003 and today has been 37.64%, which translates into a total increase of zł37.64. This means that 100 zloty in 2003 are equivalent to 137.64 zloty in 2019. In other words, the purchasing power of zł100 in 2003 equals zł137.64 today. The average annual inflation rate has been 1.9%.

Inflation timeline in Poland (2003-2019)

The following chart depicts the equivalence of zł100 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 (2003-2019) 37.53%
Total Inflation* 37.64%
Annual inflation avg. (2003-2019) 2.01%
Annual inflation avg.* 1.9%
CPI 2003 75.47
CPI 2019 103.79
CPI today* 103.87
zł1 in 2003 zł1.38 in 2019

* 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 2003 and 2019 and the average inflation rate has been 1.897%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = zł100 * (1 + 0.02)16 = zł137.53

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 2003 was 75.47 and the CPI today is 103.87. Therefore,

Final value = Initial value *
CPI final/CPI initial
= zł100 *
= zł137.53

Poland inflation - Conversion table

Initial Value Equivalent value
zł1 zloty in 2003 zł1.38 zloty today
zł5 zloty in 2003 zł6.88 zloty today
zł10 zloty in 2003 zł13.76 zloty today
zł50 zloty in 2003 zł68.82 zloty today
zł100 zloty in 2003 zł137.64 zloty today
zł500 zloty in 2003 zł688.2 zloty today
zł1,000 zloty in 2003 zł1,376.39 zloty today
zł5,000 zloty in 2003 zł6,881.95 zloty today
zł10,000 zloty in 2003 zł13,763.91 zloty today
zł50,000 zloty in 2003 zł68,819.54 zloty today
zł100,000 zloty in 2003 zł137,639.08 zloty today
zł500,000 zloty in 2003 zł688,195.4 zloty today
zł1,000,000 zloty in 2003 zł1,376,390.8 zloty today

Value of Zloty in time (by year)

Period Value
2003 100
2004 101.58
2005 105.87
2006 106.8
2007 108.29
2008 112.5
2009 116.06
2010 120.38
2011 124.15
2012 129.87
2013 132.89
2014 133.86
2015 132.67
2016 131.81
2017 133
2018 135.91
2019 137.53
Today 137.64