Value of 1954 South Korean Won today

₩100 in 1954
₩23,036.98 in 2022

The inflation rate in South Korea between 1954 and today has been 22,936.98%, which translates into a total increase of ₩22,936.98. This means that 100 won in 1954 are equivalent to 23,036.98 won in 2022. In other words, the purchasing power of ₩100 in 1954 equals ₩23,036.98 today. The average annual inflation rate between these periods has been 8.33%.

Inflation timeline in South Korea (1954 - 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 (KRW) 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 1954-2021 21,915.23%
Cumulative inflation 1954-today 22,936.98%
Avg. Annual inflation 1954-2021 8.38%
CPI 1954 0.49
CPI 2021 108.05
CPI 2022-04 (latest official data) 112.64
CPI today 113.07

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 1954 and 2021, use the corresponding CPI values:

Value2021
=Value1954 ×
CPI2021/CPI1954
=₩ 100 ×
108.05/0.49
₩22,015.23

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 113.07:

Valuetoday
=Value1954 ×
CPItoday/CPI1954
=₩ 100 ×
113.07/0.49
₩23,036.98

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 67 years between 1954 and 2021 and the average inflation rate was 8.3842%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₩100 × (1 + 0.083842)67
₩22,015.23

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1954 ₩220.15 won in 2021
₩5 won in 1954 ₩1,100.76 won in 2021
₩10 won in 1954 ₩2,201.52 won in 2021
₩50 won in 1954 ₩11,007.61 won in 2021
₩100 won in 1954 ₩22,015.23 won in 2021
₩500 won in 1954 ₩110,076.14 won in 2021
₩1,000 won in 1954 ₩220,152.28 won in 2021
₩5,000 won in 1954 ₩1,100,761.39 won in 2021
₩10,000 won in 1954 ₩2,201,522.77 won in 2021
₩50,000 won in 1954 ₩11,007,613.86 won in 2021
₩100,000 won in 1954 ₩22,015,227.73 won in 2021
₩500,000 won in 1954 ₩110,076,138.63 won in 2021
₩1,000,000 won in 1954 ₩220,152,277.26 won in 2021
Cumulative inflation From 1954 22,936.98%
Avg. annual inflation From 1954 8.33%
CPI 1954 0.49
CPI today 113.07

Value of Won over time (by year)

Period Value
1954 100
1955 168.31
1956 207
1957 254.84
1958 245.96
1959 253.78
1960 274
1961 296.46
1962 316.08
1963 381.48
1964 493.87
1965 560.78
1966 623.93
1967 691.83
1968 766.36
1969 861.3
1970 998.68
1971 1,133.62
1972 1,266.13
1973 1,306.92
1974 1,624.55
1975 2,034.74
1976 2,346.61
1977 2,583.54
1978 2,957.12
1979 3,498.97
1980 4,503.09
1981 5,464.58
1982 5,857.53
1983 6,057.89
1984 6,195.65
1985 6,348
1986 6,522.57
1987 6,721.49
1988 7,201.81
1989 7,612.33
1990 8,264.95
1991 9,036.3
1992 9,597.75
1993 10,058.54
1994 10,688.8
1995 11,167.73
1996 11,717.69
1997 12,237.83
1998 13,157.33
1999 13,264.3
2000 13,563.96
2001 14,115.55
2002 14,505.46
2003 15,015.3
2004 15,554.45
2005 15,982.79
2006 16,341.18
2007 16,755.36
2008 17,538.49
2009 18,021.94
2010 18,551.65
2011 19,298.54
2012 19,720.61
2013 19,977.24
2014 20,231.91
2015 20,374.81
2016 20,572.79
2017 20,972.79
2018 21,282.33
2019 21,363.82
2020 21,478.62
2021 22,015.23
2022-04 22,949.9
Today 23,036.98

All available years

Today's value of south korean won by year:

1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 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 |

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