Value of 1955 South Korean Won today

₩100 in 1955

₩16,018.29 in 2019

The inflation rate in South Korea between 1955 and today has been 15,918.29%, which translates into a total increase of ₩15,918.29. This means that 100 won in 1955 are equivalent to 16,018.29 won in 2019. In other words, the purchasing power of ₩100 in 1955 equals ₩16,018.29 today. The average annual inflation rate has been 8.12%.

Inflation timeline in South Korea (1955-2019)

The following chart ilustrates the equivalence of ₩100 throughout the years due to 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. 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 (1955-2019) 15,908.3%
Total Inflation* 15,918.29%
Annual inflation avg. (1955-2019) 8.25%
Annual inflation avg.* 8.12%
CPI 1955 0.65
CPI 2019 104.35
CPI today* 104.42
₩1 in 1955 ₩160.08 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 64 years between 1955 and 2019 and the average inflation rate has been 8.1228%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₩100 * (1 + 0.08)64 = ₩16,008.3

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 1955 was 0.65 and the CPI today is 104.42. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₩100 *
104.35/0.65
= ₩16,008.3

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1955 ₩160.18 won today
₩5 won in 1955 ₩800.91 won today
₩10 won in 1955 ₩1,601.83 won today
₩50 won in 1955 ₩8,009.14 won today
₩100 won in 1955 ₩16,018.29 won today
₩500 won in 1955 ₩80,091.43 won today
₩1,000 won in 1955 ₩160,182.86 won today
₩5,000 won in 1955 ₩800,914.31 won today
₩10,000 won in 1955 ₩1,601,828.62 won today
₩50,000 won in 1955 ₩8,009,143.09 won today
₩100,000 won in 1955 ₩16,018,286.18 won today
₩500,000 won in 1955 ₩80,091,430.88 won today
₩1,000,000 won in 1955 ₩160,182,861.75 won today

Value of Won in time (by year)

Period Value
1955 100
1956 126.86
1957 178.1
1958 174.17
1959 180.17
1960 194.63
1961 203.93
1962 212.6
1963 248.55
1964 319.42
1965 385.95
1966 423.01
1967 487.56
1968 543.73
1969 603.67
1970 702.02
1971 803.23
1972 876.15
1973 956.63
1974 1,037.82
1975 1,312.34
1976 1,659.47
1977 1,818.79
1978 2,018.04
1979 2,348.93
1980 2,847
1981 3,763.8
1982 4,279.14
1983 4,486.04
1984 4,574.18
1985 4,686.11
1986 4,827.35
1987 4,894.35
1988 5,190.62
1989 5,563.49
1990 5,845.46
1991 6,391.36
1992 6,982.6
1993 7,293.86
1994 7,716.97
1995 8,146.67
1996 8,533.88
1997 8,954.22
1998 9,542.85
1999 9,921.31
2000 10,055.7
2001 10,335.21
2002 10,662.13
2003 11,060.23
2004 11,438.38
2005 11,785.55
2006 12,094.21
2007 12,346.87
2008 12,792.22
2009 13,321.64
2010 13,694.73
2011 14,110.17
2012 14,696.96
2013 14,906.52
2014 15,076.95
2015 15,202.6
2016 15,374.72
2017 15,580.29
2018 15,799.67
2019 16,008.3
Today 16,018.29