Value of 1954 South Korean Won today

₩100 in 1954

₩23,705.43 in 2019

The inflation rate in South Korea between 1954 and today has been 23,605.43%, which translates into a total increase of ₩23,605.43. This means that 100 won in 1954 are equivalent to 23,705.43 won in 2019. In other words, the purchasing power of ₩100 in 1954 equals ₩23,705.43 today. The average annual inflation rate has been 8.64%.

Inflation timeline in South Korea (1954-2019)

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 (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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1954-2019) 23,594.13%
Total Inflation* 23,605.43%
Annual inflation avg. (1954-2019) 8.78%
Annual inflation avg.* 8.64%
CPI 1954 0.44
CPI 2019 104.35
CPI today* 104.4
₩1 in 1954 ₩236.94 in 2019

* 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 65 years between 1954 and 2019 and the average inflation rate has been 8.6382%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₩100 * (1 + 0.09)65 = ₩23,694.13

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 1954 was 0.44 and the CPI today is 104.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₩100 *
104.35/0.44
= ₩23,694.13

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1954 ₩237.05 won today
₩5 won in 1954 ₩1,185.27 won today
₩10 won in 1954 ₩2,370.54 won today
₩50 won in 1954 ₩11,852.71 won today
₩100 won in 1954 ₩23,705.43 won today
₩500 won in 1954 ₩118,527.13 won today
₩1,000 won in 1954 ₩237,054.25 won today
₩5,000 won in 1954 ₩1,185,271.26 won today
₩10,000 won in 1954 ₩2,370,542.53 won today
₩50,000 won in 1954 ₩11,852,712.63 won today
₩100,000 won in 1954 ₩23,705,425.27 won today
₩500,000 won in 1954 ₩118,527,126.35 won today
₩1,000,000 won in 1954 ₩237,054,252.7 won today

Value of Won in time (by year)

Period Value
1954 100
1955 148.01
1956 187.77
1957 263.61
1958 257.8
1959 266.67
1960 288.07
1961 301.83
1962 314.68
1963 367.89
1964 472.78
1965 571.25
1966 626.11
1967 721.64
1968 804.78
1969 893.51
1970 1,039.07
1971 1,188.87
1972 1,296.8
1973 1,415.92
1974 1,536.09
1975 1,942.41
1976 2,456.2
1977 2,692.01
1978 2,986.92
1979 3,476.68
1980 4,213.89
1981 5,570.86
1982 6,333.61
1983 6,639.86
1984 6,770.31
1985 6,935.98
1986 7,145.04
1987 7,244.2
1988 7,682.71
1989 8,234.6
1990 8,651.95
1991 9,459.94
1992 10,335.04
1993 10,795.76
1994 11,422
1995 12,058.01
1996 12,631.12
1997 13,253.27
1998 14,124.52
1999 14,684.68
2000 14,883.59
2001 15,297.3
2002 15,781.17
2003 16,370.4
2004 16,930.12
2005 17,443.96
2006 17,900.82
2007 18,274.79
2008 18,933.96
2009 19,717.56
2010 20,269.77
2011 20,884.66
2012 21,753.18
2013 22,063.35
2014 22,315.62
2015 22,501.59
2016 22,756.35
2017 23,060.62
2018 23,385.32
2019 23,694.13
Today 23,705.43