Value of 1955 South Korean Won today

₩100 in 1955
₩13,687.62 in 2022

The inflation rate in South Korea between 1955 and today has been 13,587.62%, which translates into a total increase of ₩13,587.62. This means that 100 won in 1955 are equivalent to 13,687.62 won in 2022. In other words, the purchasing power of ₩100 in 1955 equals ₩13,687.62 today. The average annual inflation rate between these periods has been 7.62%.

Inflation timeline in South Korea (1955 - 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 1955-2021 12,980.54%
Cumulative inflation 1955-today 13,587.62%
Avg. Annual inflation 1955-2021 7.66%
CPI 1955 0.83
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 1955 and 2021, use the corresponding CPI values:

Value2021
=Value1955 ×
CPI2021/CPI1955
=₩ 100 ×
108.05/0.83
₩13,080.54

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

Valuetoday
=Value1955 ×
CPItoday/CPI1955
=₩ 100 ×
113.07/0.83
₩13,687.62

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 66 years between 1955 and 2021 and the average inflation rate was 7.6639%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₩100 × (1 + 0.076639)66
₩13,080.54

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1955 ₩130.81 won in 2021
₩5 won in 1955 ₩654.03 won in 2021
₩10 won in 1955 ₩1,308.05 won in 2021
₩50 won in 1955 ₩6,540.27 won in 2021
₩100 won in 1955 ₩13,080.54 won in 2021
₩500 won in 1955 ₩65,402.69 won in 2021
₩1,000 won in 1955 ₩130,805.39 won in 2021
₩5,000 won in 1955 ₩654,026.93 won in 2021
₩10,000 won in 1955 ₩1,308,053.85 won in 2021
₩50,000 won in 1955 ₩6,540,269.27 won in 2021
₩100,000 won in 1955 ₩13,080,538.54 won in 2021
₩500,000 won in 1955 ₩65,402,692.71 won in 2021
₩1,000,000 won in 1955 ₩130,805,385.42 won in 2021
Cumulative inflation From 1955 13,587.62%
Avg. annual inflation From 1955 7.62%
CPI 1955 0.83
CPI today 113.07

Value of Won over time (by year)

Period Value
1955 100
1956 122.99
1957 151.41
1958 146.14
1959 150.79
1960 162.8
1961 176.14
1962 187.8
1963 226.66
1964 293.44
1965 333.19
1966 370.72
1967 411.06
1968 455.34
1969 511.75
1970 593.38
1971 673.55
1972 752.28
1973 776.51
1974 965.24
1975 1,208.96
1976 1,394.26
1977 1,535.03
1978 1,757
1979 2,078.94
1980 2,675.55
1981 3,246.83
1982 3,480.3
1983 3,599.35
1984 3,681.2
1985 3,771.72
1986 3,875.44
1987 3,993.63
1988 4,279.02
1989 4,522.93
1990 4,910.69
1991 5,369
1992 5,702.59
1993 5,976.37
1994 6,350.84
1995 6,635.41
1996 6,962.17
1997 7,271.22
1998 7,817.54
1999 7,881.1
2000 8,059.14
2001 8,386.88
2002 8,618.54
2003 8,921.47
2004 9,241.81
2005 9,496.31
2006 9,709.25
2007 9,955.34
2008 10,420.65
2009 10,707.89
2010 11,022.63
2011 11,466.39
2012 11,717.17
2013 11,869.65
2014 12,020.96
2015 12,105.87
2016 12,223.5
2017 12,461.17
2018 12,645.08
2019 12,693.5
2020 12,761.71
2021 13,080.54
2022-04 13,635.88
Today 13,687.62

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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