Value of 2004 Polish Zloty today

zł100 in 2004
zł189.19 in 2024

The inflation rate in Poland between 2004 and today has been 89.19%, which translates into a total increase of zł89.19. This means that 100 zloty in 2004 are equivalent to 189.19 zloty in 2024. In other words, the purchasing power of zł100 in 2004 equals zł189.19 today. The average annual inflation rate between these periods has been 3.24%.

Inflation timeline in Poland (2004 - 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 2004-2023 86.01%
Cumulative inflation 2004-today 89.19%
Avg. Annual inflation 2004-2023 3.32%
CPI 2004 78.64
CPI 2023 146.27
CPI 2023-12 (latest official data) 147.74
CPI today 148.77

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 2004 and 2023, use the corresponding CPI values:

Value2023
=Value2004 ×
CPI2023/CPI2004
=zł 100 ×
146.27/78.64
zł186.01

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 148.77:

Valuetoday
=Value2004 ×
CPItoday/CPI2004
=zł 100 ×
148.77/78.64
zł189.19

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 19 years between 2004 and 2023 and the average inflation rate was 3.3203%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=zł100 × (1 + 0.033203)19
zł186.01

Poland inflation - Conversion table

Initial Value Equivalent value
zł1 zloty in 2004 zł1.86 zloty in 2023
zł5 zloty in 2004 zł9.3 zloty in 2023
zł10 zloty in 2004 zł18.6 zloty in 2023
zł50 zloty in 2004 zł93 zloty in 2023
zł100 zloty in 2004 zł186.01 zloty in 2023
zł500 zloty in 2004 zł930.03 zloty in 2023
zł1,000 zloty in 2004 zł1,860.06 zloty in 2023
zł5,000 zloty in 2004 zł9,300.29 zloty in 2023
zł10,000 zloty in 2004 zł18,600.57 zloty in 2023
zł50,000 zloty in 2004 zł93,002.86 zloty in 2023
zł100,000 zloty in 2004 zł186,005.71 zloty in 2023
zł500,000 zloty in 2004 zł930,028.56 zloty in 2023
zł1,000,000 zloty in 2004 zł1,860,057.12 zloty in 2023
Cumulative inflation From 2004 89.19%
Avg. annual inflation From 2004 3.24%
CPI 2004 78.64
CPI today 148.77

Value of Zloty over time (by year)

Period Value
2004 100
2005 102.18
2006 103.5
2007 106.04
2008 110.46
2009 114.65
2010 117.61
2011 122.59
2012 126.96
2013 128.22
2014 128.29
2015 127.17
2016 126.32
2017 128.94
2018 131.28
2019 134.21
2020 138.73
2021 145.75
2022 166.78
2023 186.01
2023-12 187.88
Today 189.19

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 |

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