Value of 2008 Polish Zloty today

zł100 in 2008

zł122.24 in 2018

The inflation rate in Poland between 2008 and today has been 22.24%, which translates into a total increase of zł22.24. This means that 100 zloty in 2008 are equivalent to 122.24 zloty in 2018. In other words, the purchasing power of zł100 in 2008 equals zł122.24 today. The average annual inflation rate has been 1.84%.

Inflation timeline in Poland (2008-2018)

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 (2008-2018) 20.81%
Total Inflation* 22.24%
Annual inflation avg. (2008-2018) 1.91%
Annual inflation avg.* 1.84%
CPI 2008 84.9
CPI 2018 102.56
CPI today* 103.79
zł1 in 2008 zł1.21 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 10 years between 2008 and 2018 and the average inflation rate has been 1.8427%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = zł100 * (1 + 0.02)10 = zł120.81

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 2008 was 84.9 and the CPI today is 103.79. Therefore,

Final value = Initial value *
CPI final/CPI initial
= zł100 *
102.56/84.9
= zł120.81

Poland inflation - Conversion table

Initial Value Equivalent value
zł1 zloty in 2008 zł1.22 zloty today
zł5 zloty in 2008 zł6.11 zloty today
zł10 zloty in 2008 zł12.22 zloty today
zł50 zloty in 2008 zł61.12 zloty today
zł100 zloty in 2008 zł122.24 zloty today
zł500 zloty in 2008 zł611.22 zloty today
zł1,000 zloty in 2008 zł1,222.44 zloty today
zł5,000 zloty in 2008 zł6,112.21 zloty today
zł10,000 zloty in 2008 zł12,224.43 zloty today
zł50,000 zloty in 2008 zł61,122.14 zloty today
zł100,000 zloty in 2008 zł122,244.27 zloty today
zł500,000 zloty in 2008 zł611,221.35 zloty today
zł1,000,000 zloty in 2008 zł1,222,442.71 zloty today

Value of Zloty in time (by year)

Period Value
2008 100
2009 103.16
2010 107
2011 110.35
2012 115.44
2013 118.12
2014 118.98
2015 117.93
2016 117.16
2017 118.22
2018 120.81
Today 122.24