# Value of 2004 Russian Rubles today

₽100 in 2004

₽374.64 in 2021

The inflation rate in Russia between 2004 and today has been 274.64%, which translates into a total increase of ₽274.64. This means that 100 rubles in 2004 are equivalent to 374.64 rubles in 2021. In other words, the purchasing power of ₽100 in 2004 equals ₽374.64 today. The average annual inflation rate has been 7.61%.

## Inflation timeline in Russia (2004-2021)

The following chart depicts the equivalence of ₽100 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 (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 (2004-2021) 273.42%
Total Inflation* 274.64%
Annual inflation avg. (2004-2021) 8.06%
Annual inflation avg.* 7.61%
CPI 2004 33.78
CPI 2021 126.15
CPI today* 126.57
₽1 in 2004 ₽3.73 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 ₽100 worth today. There are 17 years between 2004 and 2021 and the average inflation rate has been 7.6137%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₽100 * (1 + 0.08)17 = ₽373.42

#### 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 33.78 and the CPI today is 126.57. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₽100 *
126.15/33.78
= ₽373.42

### Russia inflation - Conversion table

Initial Value Equivalent value
₽1 ruble in 2004 ₽3.75 rubles today
₽5 rubles in 2004 ₽18.73 rubles today
₽10 rubles in 2004 ₽37.46 rubles today
₽50 rubles in 2004 ₽187.32 rubles today
₽100 rubles in 2004 ₽374.64 rubles today
₽500 rubles in 2004 ₽1,873.21 rubles today
₽1,000 rubles in 2004 ₽3,746.42 rubles today
₽5,000 rubles in 2004 ₽18,732.1 rubles today
₽10,000 rubles in 2004 ₽37,464.2 rubles today
₽50,000 rubles in 2004 ₽187,320.98 rubles today
₽100,000 rubles in 2004 ₽374,641.97 rubles today
₽500,000 rubles in 2004 ₽1,873,209.84 rubles today
₽1,000,000 rubles in 2004 ₽3,746,419.68 rubles today

Period Value
2004 100
2005 111.74
2006 123.94
2007 135.09
2008 151.12
2009 171.19
2010 186.25
2011 202.6
2012 214.96
2013 229.09
2014 243.87
2015 271.58
2016 306.64
2017 323.12
2018 331.27
2019 345.41
2020 355.93
2021 373.42
Today 374.64