Value of 1993 Russian Rubles today

₽100 in 1993

₽146,067.54 in 2018

The inflation rate in Russia between 1993 and today has been 145,967.54%, which translates into a total increase of ₽145,967.54. This means that 100 rubles in 1993 are equivalent to 146,067.54 rubles in 2018. In other words, the purchasing power of ₽100 in 1993 equals ₽146,067.54 today. The average annual inflation rate has been 32.35%.

Inflation timeline in Russia (1993-2018)

The following chart ilustrates the equivalence of ₽100 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 (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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1993-2018) 141,868.41%
Total Inflation* 145,967.54%
Annual inflation avg. (1993-2018) 33.69%
Annual inflation avg.* 32.35%
CPI 1993 0.08
CPI 2018 111.91
CPI today* 115.15
₽1 in 1993 ₽1,419.68 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 ₽100 worth today. There are 25 years between 1993 and 2018 and the average inflation rate has been 32.3468%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₽100 * (1 + 0.32)25 = ₽141,968.41

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 1993 was 0.08 and the CPI today is 115.15. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₽100 *
111.91/0.08
= ₽141,968.41

Russia inflation - Conversion table

Initial Value Equivalent value
₽1 ruble in 1993 ₽1,460.68 rubles today
₽5 rubles in 1993 ₽7,303.38 rubles today
₽10 rubles in 1993 ₽14,606.75 rubles today
₽50 rubles in 1993 ₽73,033.77 rubles today
₽100 rubles in 1993 ₽146,067.54 rubles today
₽500 rubles in 1993 ₽730,337.68 rubles today
₽1,000 rubles in 1993 ₽1,460,675.36 rubles today
₽5,000 rubles in 1993 ₽7,303,376.79 rubles today
₽10,000 rubles in 1993 ₽14,606,753.59 rubles today
₽50,000 rubles in 1993 ₽73,033,767.94 rubles today
₽100,000 rubles in 1993 ₽146,067,535.88 rubles today
₽500,000 rubles in 1993 ₽730,337,679.4 rubles today
₽1,000,000 rubles in 1993 ₽1,460,675,358.8 rubles today

Value of Ruble in time (by year)

Period Value
1993 100
1994 940.03
1995 2,961.31
1996 6,850.28
1997 8,344.45
1998 9,265.01
1999 17,088.05
2000 23,335.01
2001 28,048.74
2002 33,261.24
2003 38,269.06
2004 42,856.7
2005 47,888.61
2006 53,115.64
2007 57,893.8
2008 64,765.37
2009 73,367.28
2010 79,821.4
2011 86,827.06
2012 92,124.07
2013 98,181.82
2014 104,512.53
2015 116,387.59
2016 131,411.16
2017 138,474.57
2018 141,968.41
Today 146,067.54