Inflation calculator - South Korean Won

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

₩100 in 1952

₩80,535.23 in 2018

The inflation rate in South Korea between 1952 and 2018 was 80,435.23%, which translates into a total increase of ₩80,435.23. This means that 100 won in 1952 are equivalent to 80,535.23 won in 2018. In other words, the purchasing power of ₩100 in 1952 equals ₩80,535.23 in 2018. The average annual inflation rate between these periods was 10.67%.

Inflation timeline in South Korea (1952 - 2018)

The following chart ilustrates the equivalence of south korean won throughout the years due to compound 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 (KRW) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1952-2018) 80,435.23%
Annual inflation avg. (1952-2018) 10.67%
CPI 1952 0.13
CPI 2018 103.04
₩1 in 1952 ₩805.35 in 2018

How to calculate the time value of money with inflation data?

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, the future value is the amount in 2018 that equals ₩100 in 1952 in terms of purchasing power. There are 66 years between 1952 and 2018 and the average inflation rate was 10.67%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₩100 * (1 + 0.1067)66 = ₩80,535.234165 ≈ ₩80,535.23

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 1952 was 0.13 and in 2018 was 103.04. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₩100 *
103.04/0.13
= ₩80,535.23

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1952 ₩805.35 won in 2018
₩5 won in 1952 ₩4,026.76 won in 2018
₩10 won in 1952 ₩8,053.52 won in 2018
₩50 won in 1952 ₩40,267.62 won in 2018
₩100 won in 1952 ₩80,535.23 won in 2018
₩500 won in 1952 ₩402,676.17 won in 2018
₩1,000 won in 1952 ₩805,352.34 won in 2018
₩5,000 won in 1952 ₩4,026,761.71 won in 2018
₩10,000 won in 1952 ₩8,053,523.42 won in 2018
₩50,000 won in 1952 ₩40,267,617.08 won in 2018
₩100,000 won in 1952 ₩80,535,234.16 won in 2018
₩500,000 won in 1952 ₩402,676,170.82 won in 2018
₩1,000,000 won in 1952 ₩805,352,341.65 won in 2018

Value of Won in time (by year)

Period Value
1952 100
1953 209.47
1954 344.22
1955 509.48
1956 646.32
1957 907.38
1958 887.38
1959 917.91
1960 991.59
1961 1,038.96
1962 1,083.17
1963 1,266.34
1964 1,627.39
1965 1,966.35
1966 2,155.16
1967 2,484
1968 2,770.17
1969 3,075.6
1970 3,576.67
1971 4,092.3
1972 4,463.81
1973 4,873.82
1974 5,287.47
1975 6,686.09
1976 8,454.65
1977 9,266.35
1978 10,281.49
1979 11,967.32
1980 14,504.92
1981 19,175.81
1982 21,801.34
1983 22,855.5
1984 23,304.54
1985 23,874.8
1986 24,594.41
1987 24,935.74
1988 26,445.18
1989 28,344.86
1990 29,781.46
1991 32,562.68
1992 35,574.94
1993 37,160.79
1994 39,316.42
1995 41,505.66
1996 43,478.4
1997 45,619.96
1998 48,618.93
1999 50,547.11
2000 51,231.79
2001 52,655.85
2002 54,321.42
2003 56,349.65
2004 58,276.28
2005 60,045.02
2006 61,617.58
2007 62,904.86
2008 65,173.83
2009 67,871.1
2010 69,771.93
2011 71,888.48
2012 74,878.07
2013 75,945.73
2014 76,814.07
2015 77,454.2
2016 78,331.14
2017 79,378.48
2018 80,535.23