Value of 1993 Russian Rubles today

₽100 in 1993
₽44,648.75 in 2022

The inflation rate in Russia between 1993 and today has been 44,548.75%, which translates into a total increase of ₽44,548.75. This means that 100 rubles in 1993 are equivalent to 44,648.75 rubles in 2022. In other words, the purchasing power of ₽100 in 1993 equals ₽44,648.75 today. The average annual inflation rate between these periods has been 23.42%.

Inflation timeline in Russia (1993 - 2022)

The following chart depicts the equivalence of ₽100 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 (RUB) 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 1993-2021 38,082.56%
Cumulative inflation 1993-today 44,548.75%
Avg. Annual inflation 1993-2021 23.65%
CPI 1993 0.34
CPI 2021 131.57
CPI 2022-03 (latest official data) 150.35
CPI today 153.85

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 1993 and 2021, use the corresponding CPI values:

Value2021
=Value1993 ×
CPI2021/CPI1993
=₽ 100 ×
131.57/0.34
₽38,182.56

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 153.85:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=₽ 100 ×
153.85/0.34
₽44,648.75

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 ₽100 worth today. There are 28 years between 1993 and 2021 and the average inflation rate was 23.6544%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₽100 × (1 + 0.236544)28
₽38,182.56

Russia inflation - Conversion table

Initial Value Equivalent value
₽1 ruble in 1993 ₽381.83 rubles in 2021
₽5 rubles in 1993 ₽1,909.13 rubles in 2021
₽10 rubles in 1993 ₽3,818.26 rubles in 2021
₽50 rubles in 1993 ₽19,091.28 rubles in 2021
₽100 rubles in 1993 ₽38,182.56 rubles in 2021
₽500 rubles in 1993 ₽190,912.81 rubles in 2021
₽1,000 rubles in 1993 ₽381,825.62 rubles in 2021
₽5,000 rubles in 1993 ₽1,909,128.11 rubles in 2021
₽10,000 rubles in 1993 ₽3,818,256.22 rubles in 2021
₽50,000 rubles in 1993 ₽19,091,281.08 rubles in 2021
₽100,000 rubles in 1993 ₽38,182,562.15 rubles in 2021
₽500,000 rubles in 1993 ₽190,912,810.75 rubles in 2021
₽1,000,000 rubles in 1993 ₽381,825,621.5 rubles in 2021
Cumulative inflation From 1993 44,548.75%
Avg. annual inflation From 1993 23.42%
CPI 1993 0.34
CPI today 153.85

Value of Ruble over time (by year)

Period Value
1993 100
1994 407.72
1995 1,212.63
1996 1,791.68
1997 2,056.15
1998 2,625.41
1999 4,876.61
2000 5,890.89
2001 7,156.08
2002 8,285.93
2003 9,418.06
2004 10,443.56
2005 11,768.36
2006 12,906.2
2007 14,068.7
2008 16,053.9
2009 17,923.75
2010 19,151.42
2011 20,767.88
2012 21,821.8
2013 23,295.58
2014 25,118.09
2015 29,020.04
2016 31,063.74
2017 32,207.95
2018 33,134.99
2019 34,616.23
2020 35,786.84
2021 38,182.56
2022-03 43,630.75
Today 44,648.75

All available years

Today's value of russian rubles by year:

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 |

Other currencies: