Value of 2004 Polish Zloty today

zł100 in 2004

zł143.13 in 2021

The inflation rate in Poland between 2004 and today has been 43.13%, which translates into a total increase of zł43.13. This means that 100 zloty in 2004 are equivalent to 143.13 zloty in 2021. In other words, the purchasing power of zł100 in 2004 equals zł143.13 today. The average annual inflation rate has been 2.01%.

Inflation timeline in Poland (2004-2021)

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 (2004-2021) 42.92%
Total Inflation* 43.13%
Annual inflation avg. (2004-2021) 2.12%
Annual inflation avg.* 2.01%
CPI 2004 76.66
CPI 2021 109.56
CPI today* 109.72
zł1 in 2004 zł1.43 in 2021

* 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 with 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 17 years between 2004 and 2021 and the average inflation rate has been 2.012%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = zł100 * (1 + 0.02)17 = zł142.92

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 2004 was 76.66 and the CPI today is 109.72. Therefore,

Final value = Initial value *
CPI final/CPI initial
= zł100 *
= zł142.92

Poland inflation - Conversion table

Initial Value Equivalent value
zł1 zloty in 2004 zł1.43 zloty today
zł5 zloty in 2004 zł7.16 zloty today
zł10 zloty in 2004 zł14.31 zloty today
zł50 zloty in 2004 zł71.56 zloty today
zł100 zloty in 2004 zł143.13 zloty today
zł500 zloty in 2004 zł715.64 zloty today
zł1,000 zloty in 2004 zł1,431.27 zloty today
zł5,000 zloty in 2004 zł7,156.37 zloty today
zł10,000 zloty in 2004 zł14,312.75 zloty today
zł50,000 zloty in 2004 zł71,563.74 zloty today
zł100,000 zloty in 2004 zł143,127.48 zloty today
zł500,000 zloty in 2004 zł715,637.4 zloty today
zł1,000,000 zloty in 2004 zł1,431,274.79 zloty today

Value of Zloty over time (by year)

Period Value
2004 100
2005 104.22
2006 105.14
2007 106.61
2008 110.75
2009 114.25
2010 118.5
2011 122.21
2012 127.84
2013 130.81
2014 131.77
2015 130.6
2016 129.75
2017 130.92
2018 133.79
2019 135.38
2020 139.73
2021 142.92
Today 143.13